| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $792M | $824M | $802M | -3.8% | -1.2% |
| Op. Income | $98M | $88M | $86M | 11.5% | 13.9% |
| Gross Margin | 55.7% | 55.8% | 54.7% | -0.2pp | 1.0pp |
| Net Margin | 7.8% | 33.9% | 7.8% | -26.1pp | 0.0pp |
| EPS (Diluted) | $0.25 | $1.11 | $0.25 | -77.5% | 0.0% |
| Free Cash Flow | $139M | $108M | $133M | 28.9% | 4.4% |
| Item | Amount |
|---|---|
| REVENUE | $792M |
| Cost of Revenue | $351M |
| GROSS PROFIT | $441M |
| R&D Expenses | $118M |
| Selling & Marketing | $132M |
| General & Administrative | $73M |
| SG&A Expenses | $205M |
| Other Expenses | $20M |
| Operating Expenses | $343M |
| Cost & Expenses | $694M |
| OPERATING INCOME | $98M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $50M |
| EBIT | $100M |
| EBITDA | $150M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $792M |
| Cost of Revenue | $351M |
| GROSS PROFIT | $441M |
| R&D Expenses | $118M |
| Selling & Marketing | $132M |
| General & Administrative | $73M |
| SG&A Expenses | $205M |
| Other Expenses | $20M |
| Operating Expenses | $343M |
| Cost & Expenses | $694M |
| OPERATING INCOME | $98M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $50M |
| EBIT | $100M |
| EBITDA | $150M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$198M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $300.0K |
| NET CASH FROM INVESTING | -$214M |
| Net Debt Issuance | $137M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | $100M |
| FREE CASH FLOW | $139M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $217M |
| Short-Term Investments | $0 |
| Net Receivables | $547M |
| Inventory | $327M |
| Other Current Assets | $102M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $375M |
| Goodwill | $3.8B |
| Intangible Assets | $681M |
| Long-Term Investments | $0 |
| Tax Assets | $466M |
| Other Non-Current Assets | $208M |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $145M |
| Short-Term Debt | $281M |
| Deferred Revenue | $498M |
| Other Current Liabilities | $303M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $53M |
| Deferred Tax Liabilities | $310M |
| Other Non-Current Liabilities | $214M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$231M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $1M |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $2.1B |
| Net Debt | $1.9B |
