| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $824M | $784M | $786M | 5.1% | 4.9% |
| Op. Income | $88M | $92M | $90M | -3.8% | -1.6% |
| Gross Margin | 55.8% | 53.8% | 55.4% | 2.0pp | 0.4pp |
| Net Margin | 33.9% | 10.0% | 11.0% | 23.9pp | 22.9pp |
| EPS (Diluted) | $1.11 | $0.31 | $0.34 | 258.1% | 226.5% |
| Free Cash Flow | $108M | $121M | $87M | -11.1% | 23.3% |
| Item | Amount |
|---|---|
| REVENUE | $824M |
| Cost of Revenue | $364M |
| GROSS PROFIT | $460M |
| R&D Expenses | $120M |
| Selling & Marketing | $128M |
| General & Administrative | $91M |
| SG&A Expenses | $219M |
| Other Expenses | $33M |
| Operating Expenses | $372M |
| Cost & Expenses | $736M |
| OPERATING INCOME | $88M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | -$204M |
| Net Income from Continuing Ops | $279M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $49M |
| EBIT | $96M |
| EBITDA | $144M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $824M |
| Cost of Revenue | $364M |
| GROSS PROFIT | $460M |
| R&D Expenses | $120M |
| Selling & Marketing | $128M |
| General & Administrative | $91M |
| SG&A Expenses | $219M |
| Other Expenses | $33M |
| Operating Expenses | $372M |
| Cost & Expenses | $736M |
| OPERATING INCOME | $88M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | -$204M |
| Net Income from Continuing Ops | $279M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $49M |
| EBIT | $96M |
| EBITDA | $144M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $279M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | -$225M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $122M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$192M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$207M |
| Net Debt Issuance | $88M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $85M |
| FREE CASH FLOW | $108M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $0 |
| Net Receivables | $608M |
| Inventory | $312M |
| Other Current Assets | $102M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $382M |
| Goodwill | $3.7B |
| Intangible Assets | $679M |
| Long-Term Investments | $0 |
| Tax Assets | $476M |
| Other Non-Current Assets | $212M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $159M |
| Short-Term Debt | $219M |
| Deferred Revenue | $490M |
| Other Current Liabilities | $322M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $52M |
| Deferred Tax Liabilities | $318M |
| Other Non-Current Liabilities | $222M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$177M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $1M |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
