Q1 2016 Earnings

Reported May 20, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2016	Q4 2015	Q1 2015	QoQ Change	YoY Change
Revenue	$1.8B	—	—	—	—
Op. Income	$87M	—	—	—	—
Gross Margin	24.3%	—	—	—	—
Net Margin	3.9%	—	—	—	—
EPS (Diluted)	$0.12	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$431M
R&D Expenses	$48M
Selling & Marketing	$88M
General & Administrative	$56M
SG&A Expenses	$301M
Other Expenses	-$5M
Operating Expenses	$344M
Cost & Expenses	$1.7B
OPERATING INCOME	$87M
Interest Income	$4M
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$84M
Income Tax Expense	$19M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$21M
EBIT	$87M
EBITDA	$108M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$431M
R&D Expenses	$48M
Selling & Marketing	$88M
General & Administrative	$56M
SG&A Expenses	$301M
Other Expenses	-$5M
Operating Expenses	$344M
Cost & Expenses	$1.7B
OPERATING INCOME	$87M
Interest Income	$4M
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$84M
Income Tax Expense	$19M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$21M
EBIT	$87M
EBITDA	$108M
EPS	$0
EPS Diluted	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$521M
Short-Term Investments	$103M
Net Receivables	$98M
Inventory	$413M
Other Current Assets	$252M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$625M
Goodwill	$50M
Intangible Assets	$125M
Long-Term Investments	$145M
Tax Assets	$0
Other Non-Current Assets	$294M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.6B
Account Payables	$752M
Short-Term Debt	$437.8K
Deferred Revenue	$270M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$591M
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$23M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$620M
TOTAL LIABILITIES	$2.0B
Common Stock	$11.1K
Additional Paid-In Capital	$428M
Retained Earnings	$305M
Treasury Stock	-$123M
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$595M
Minority Interest	$15M
TOTAL EQUITY	$609M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$591M
Net Debt	$70M