| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $935M | $934M | $850M | 0.1% | 10.0% |
| Op. Income | $55M | $82M | $76M | -32.9% | -27.6% |
| Gross Margin | 18.0% | 20.0% | 19.9% | -2.1pp | -1.9pp |
| Net Margin | 4.9% | 6.7% | 6.8% | -1.8pp | -1.9pp |
| EPS (Diluted) | $0.64 | $0.89 | $0.80 | -28.1% | -20.0% |
| Free Cash Flow | -$33M | -$154M | -$21M | 78.6% | -57.1% |
| Item | Amount |
|---|---|
| REVENUE | $935M |
| Cost of Revenue | $767M |
| GROSS PROFIT | $168M |
| R&D Expenses | $13M |
| Selling & Marketing | $52M |
| General & Administrative | $36M |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $113M |
| Cost & Expenses | $880M |
| OPERATING INCOME | $55M |
| Interest Income | $7M |
| Interest Expense | $6M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $9M |
| EBIT | $62M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $935M |
| Cost of Revenue | $767M |
| GROSS PROFIT | $168M |
| R&D Expenses | $13M |
| Selling & Marketing | $52M |
| General & Administrative | $36M |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $113M |
| Cost & Expenses | $880M |
| OPERATING INCOME | $55M |
| Interest Income | $7M |
| Interest Expense | $6M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $9M |
| EBIT | $62M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$96M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$24M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$30M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | -$64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $219M |
| Short-Term Investments | $76M |
| Net Receivables | $351M |
| Inventory | $736M |
| Other Current Assets | $745M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $149M |
| Goodwill | $289M |
| Intangible Assets | $18M |
| Long-Term Investments | $117M |
| Tax Assets | $0 |
| Other Non-Current Assets | $290M |
| TOTAL NON-CURRENT ASSETS | $863M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $40M |
| Short-Term Debt | $22M |
| Deferred Revenue | $67M |
| Other Current Liabilities | $67M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $380M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $67M |
| Other Non-Current Liabilities | $158M |
| TOTAL NON-CURRENT LIABILITIES | $660M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $667M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$229M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $439M |
| Minority Interest | $0 |
| TOTAL EQUITY | $439M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $474M |
| Net Debt | $255M |
