| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $934M | 2.9% | 12.2% |
| Op. Income | $120M | $63M | $82M | 90.5% | 46.3% |
| Gross Margin | 20.9% | 16.4% | 20.0% | 4.5pp | 0.9pp |
| Net Margin | 8.7% | 4.7% | 6.7% | 4.0pp | 1.9pp |
| EPS (Diluted) | $1.31 | $0.68 | $0.89 | 92.6% | 47.2% |
| Free Cash Flow | -$288M | $671M | -$154M | -142.9% | -87.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $829M |
| GROSS PROFIT | $219M |
| R&D Expenses | $9M |
| Selling & Marketing | $46M |
| General & Administrative | $33M |
| SG&A Expenses | $79M |
| Other Expenses | $11M |
| Operating Expenses | $99M |
| Cost & Expenses | $928M |
| OPERATING INCOME | $120M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $19M |
| EBIT | $125M |
| EBITDA | $144M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $829M |
| GROSS PROFIT | $219M |
| R&D Expenses | $9M |
| Selling & Marketing | $46M |
| General & Administrative | $33M |
| SG&A Expenses | $79M |
| Other Expenses | $11M |
| Operating Expenses | $99M |
| Cost & Expenses | $928M |
| OPERATING INCOME | $120M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $19M |
| EBIT | $125M |
| EBITDA | $144M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$401M |
| OPERATING CASH FLOW | -$282M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$155M |
| Sales/Maturities of Investments | $67M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$94M |
| Net Debt Issuance | $228M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $185M |
| FREE CASH FLOW | -$288M |
| Net Change in Cash | -$191M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $521M |
| Short-Term Investments | $65M |
| Net Receivables | $389M |
| Inventory | $0 |
| Other Current Assets | $862M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $134M |
| Goodwill | $289M |
| Intangible Assets | $14M |
| Long-Term Investments | $130M |
| Tax Assets | $0 |
| Other Non-Current Assets | $306M |
| TOTAL NON-CURRENT ASSETS | $873M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $63M |
| Short-Term Debt | $256M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $228M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $364M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | $153M |
| TOTAL NON-CURRENT LIABILITIES | $624M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $703M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$172M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $533M |
| Minority Interest | $0 |
| TOTAL EQUITY | $533M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $681M |
| Net Debt | $160M |
