| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $742M | $708M | $614M | 4.8% | 20.9% |
| Op. Income | $64M | $63M | $57M | 2.2% | 13.4% |
| Gross Margin | 53.4% | 52.2% | 53.2% | 1.2pp | 0.2pp |
| Net Margin | 7.9% | -4.9% | 8.2% | 12.8pp | -0.3pp |
| EPS (Diluted) | $0.23 | $-0.14 | $0.20 | 264.3% | 15.0% |
| Free Cash Flow | $65M | $85M | $97M | -23.5% | -33.4% |
| Item | Amount |
|---|---|
| REVENUE | $742M |
| Cost of Revenue | $346M |
| GROSS PROFIT | $396M |
| R&D Expenses | $109M |
| Selling & Marketing | $122M |
| General & Administrative | $82M |
| SG&A Expenses | $204M |
| Other Expenses | $3M |
| Operating Expenses | $330M |
| Cost & Expenses | $676M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $49M |
| EBIT | $76M |
| EBITDA | $117M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $742M |
| Cost of Revenue | $346M |
| GROSS PROFIT | $396M |
| R&D Expenses | $109M |
| Selling & Marketing | $122M |
| General & Administrative | $82M |
| SG&A Expenses | $204M |
| Other Expenses | $3M |
| Operating Expenses | $330M |
| Cost & Expenses | $676M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $49M |
| EBIT | $76M |
| EBITDA | $117M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$100.0K |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$519M |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $203M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$354M |
| Net Debt Issuance | $208M |
| Common Stock Repurchased | -$53M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $180M |
| FREE CASH FLOW | $65M |
| Net Change in Cash | -$84M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $0 |
| Net Receivables | $509M |
| Inventory | $289M |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $184M |
| Goodwill | $2.7B |
| Intangible Assets | $466M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $172M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $157M |
| Short-Term Debt | $431M |
| Deferred Revenue | $324M |
| Other Current Liabilities | $216M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $692M |
| Deferred Revenue NC | $36M |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $249M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$101M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $200.0K |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $1.1B |
| Net Debt | $848M |
