| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $855M | $802M | $786M | 6.6% | 8.8% |
| Op. Income | $110M | $86M | $90M | 27.1% | 22.6% |
| Gross Margin | 53.9% | 54.7% | 53.8% | -0.8pp | 0.1pp |
| Net Margin | 11.1% | 7.8% | 8.2% | 3.3pp | 2.9pp |
| EPS (Diluted) | $0.37 | $0.25 | $0.25 | 48.0% | 48.0% |
| Free Cash Flow | $154M | $133M | $167M | 15.6% | -7.9% |
| Item | Amount |
|---|---|
| REVENUE | $855M |
| Cost of Revenue | $394M |
| GROSS PROFIT | $461M |
| R&D Expenses | $120M |
| Selling & Marketing | $129M |
| General & Administrative | $80M |
| SG&A Expenses | $209M |
| Other Expenses | $14M |
| Operating Expenses | $348M |
| Cost & Expenses | $742M |
| OPERATING INCOME | $110M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $95M |
| D&A | $54M |
| EBIT | $136M |
| EBITDA | $190M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $855M |
| Cost of Revenue | $394M |
| GROSS PROFIT | $461M |
| R&D Expenses | $120M |
| Selling & Marketing | $129M |
| General & Administrative | $80M |
| SG&A Expenses | $209M |
| Other Expenses | $14M |
| Operating Expenses | $348M |
| Cost & Expenses | $742M |
| OPERATING INCOME | $110M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $95M |
| D&A | $54M |
| EBIT | $136M |
| EBITDA | $190M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $95M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $178M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | -$300.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$154M |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$200.0K |
| NET CASH FROM FINANCING | -$185M |
| FREE CASH FLOW | $154M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $200M |
| Short-Term Investments | $0 |
| Net Receivables | $547M |
| Inventory | $288M |
| Other Current Assets | $87M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $348M |
| Goodwill | $3.5B |
| Intangible Assets | $655M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $211M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $148M |
| Short-Term Debt | $229M |
| Deferred Revenue | $408M |
| Other Current Liabilities | $275M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $79M |
| Other Non-Current Liabilities | $230M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $300.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$180M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $1M |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $1.9B |
| Net Debt | $1.7B |
