| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $934M | $917M | $861M | 1.9% | 8.5% |
| Op. Income | $82M | $42M | $71M | 95.2% | 15.5% |
| Gross Margin | 20.0% | 17.7% | 18.9% | 2.4pp | 1.1pp |
| Net Margin | 6.7% | 3.2% | 6.3% | 3.6pp | 0.5pp |
| EPS (Diluted) | $0.89 | $0.40 | $0.75 | 122.5% | 18.7% |
| Free Cash Flow | -$154M | $362M | -$548M | -142.5% | 71.9% |
| Item | Amount |
|---|---|
| REVENUE | $934M |
| Cost of Revenue | $747M |
| GROSS PROFIT | $187M |
| R&D Expenses | $12M |
| Selling & Marketing | $46M |
| General & Administrative | $36M |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $105M |
| Cost & Expenses | $852M |
| OPERATING INCOME | $82M |
| Interest Income | $6M |
| Interest Expense | $5M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $18M |
| EBIT | $88M |
| EBITDA | $106M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $934M |
| Cost of Revenue | $747M |
| GROSS PROFIT | $187M |
| R&D Expenses | $12M |
| Selling & Marketing | $46M |
| General & Administrative | $36M |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $105M |
| Cost & Expenses | $852M |
| OPERATING INCOME | $82M |
| Interest Income | $6M |
| Interest Expense | $5M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $18M |
| EBIT | $88M |
| EBITDA | $106M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $63M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$232M |
| OPERATING CASH FLOW | -$142M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $17M |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $31M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | -$154M |
| Net Change in Cash | -$200M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $251M |
| Short-Term Investments | $56M |
| Net Receivables | $326M |
| Inventory | $780M |
| Other Current Assets | $803M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $141M |
| Goodwill | $289M |
| Intangible Assets | $19M |
| Long-Term Investments | $133M |
| Tax Assets | $0 |
| Other Non-Current Assets | $269M |
| TOTAL NON-CURRENT ASSETS | $851M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $55M |
| Short-Term Debt | $22M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $385M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $65M |
| Other Non-Current Liabilities | $167M |
| TOTAL NON-CURRENT LIABILITIES | $671M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $651M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$245M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $406M |
| Minority Interest | $0 |
| TOTAL EQUITY | $406M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $477M |
| Net Debt | $226M |
