| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $714M | $657M | — | 8.7% | — |
| Op. Income | $155M | $122M | — | 26.5% | — |
| Gross Margin | 43.1% | 42.4% | — | 0.7pp | — |
| Net Margin | 16.9% | 14.4% | — | 2.5pp | — |
| EPS (Diluted) | $0.71 | $0.56 | — | 27.2% | — |
| Free Cash Flow | $138M | $79M | — | 76.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $714M |
| Cost of Revenue | $406M |
| GROSS PROFIT | $308M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | -$200.0K |
| Operating Expenses | $153M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $155M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $21M |
| EBIT | $158M |
| EBITDA | $179M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $714M |
| Cost of Revenue | $406M |
| GROSS PROFIT | $308M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | -$200.0K |
| Operating Expenses | $153M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $155M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $21M |
| EBIT | $158M |
| EBITDA | $179M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $121M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $149M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$127M |
| NET CASH FROM FINANCING | -$129M |
| FREE CASH FLOW | $138M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $0 |
| Short-Term Investments | $0 |
| Net Receivables | $525M |
| Inventory | $245M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $877M |
| PP&E (Net) | $142M |
| Goodwill | $1.1B |
| Intangible Assets | $280M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $435M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $295M |
| Short-Term Debt | $22M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $655M |
| Long-Term Debt | $220M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $278M |
| TOTAL NON-CURRENT LIABILITIES | $526M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $117M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $4M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $270M |
| Net Debt | $270M |
