| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $784M | $855M | $795M | -8.3% | -1.4% |
| Op. Income | $92M | $110M | $77M | -16.4% | 18.5% |
| Gross Margin | 53.8% | 53.9% | 53.7% | -0.1pp | 0.1pp |
| Net Margin | 10.0% | 11.1% | 9.3% | -1.1pp | 0.7pp |
| EPS (Diluted) | $0.31 | $0.37 | $0.29 | -16.2% | 6.9% |
| Free Cash Flow | $121M | $154M | $100M | -21.2% | 21.3% |
| Item | Amount |
|---|---|
| REVENUE | $784M |
| Cost of Revenue | $362M |
| GROSS PROFIT | $422M |
| R&D Expenses | $112M |
| Selling & Marketing | $120M |
| General & Administrative | $77M |
| SG&A Expenses | $197M |
| Other Expenses | -$400.0K |
| Operating Expenses | $327M |
| Cost & Expenses | $689M |
| OPERATING INCOME | $92M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $800.0K |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $50M |
| EBIT | $99M |
| EBITDA | $149M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $784M |
| Cost of Revenue | $362M |
| GROSS PROFIT | $422M |
| R&D Expenses | $112M |
| Selling & Marketing | $120M |
| General & Administrative | $77M |
| SG&A Expenses | $197M |
| Other Expenses | -$400.0K |
| Operating Expenses | $327M |
| Cost & Expenses | $689M |
| OPERATING INCOME | $92M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $800.0K |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $50M |
| EBIT | $99M |
| EBITDA | $149M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $78M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$300.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $137M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$33M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $400.0K |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | -$121M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$98M |
| FREE CASH FLOW | $121M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $185M |
| Short-Term Investments | $0 |
| Net Receivables | $516M |
| Inventory | $290M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $363M |
| Goodwill | $3.5B |
| Intangible Assets | $627M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $218M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $157M |
| Short-Term Debt | $236M |
| Deferred Revenue | $375M |
| Other Current Liabilities | $276M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $76M |
| Other Non-Current Liabilities | $214M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$207M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $1M |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $1.9B |
| Net Debt | $1.7B |
