| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $743M | $714M | $727M | 4.0% | 2.3% |
| Op. Income | $163M | $155M | $150M | 5.1% | 8.8% |
| Gross Margin | 43.8% | 43.1% | 42.6% | 0.7pp | 1.2pp |
| Net Margin | 17.0% | 16.9% | 15.8% | 0.0pp | 1.2pp |
| EPS (Diluted) | $0.74 | $0.71 | $0.68 | 4.2% | 9.6% |
| Free Cash Flow | $212M | $138M | $199M | 53.2% | 6.3% |
| Item | Amount |
|---|---|
| REVENUE | $743M |
| Cost of Revenue | $418M |
| GROSS PROFIT | $326M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $163M |
| Cost & Expenses | $581M |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $34M |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $22M |
| EBIT | $163M |
| EBITDA | $185M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $743M |
| Cost of Revenue | $418M |
| GROSS PROFIT | $326M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $163M |
| Cost & Expenses | $581M |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $34M |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $22M |
| EBIT | $163M |
| EBITDA | $185M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $126M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $100.0K |
| Change in Working Capital | $71M |
| OPERATING CASH FLOW | $223M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$190M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$213M |
| FREE CASH FLOW | $212M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $0 |
| Short-Term Investments | $0 |
| Net Receivables | $503M |
| Inventory | $224M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $825M |
| PP&E (Net) | $140M |
| Goodwill | $1.2B |
| Intangible Assets | $274M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $432M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $319M |
| Short-Term Debt | $17M |
| Deferred Revenue | $87M |
| Other Current Liabilities | $157M |
| TOTAL CURRENT LIABILITIES | $668M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $63M |
| Deferred Tax Liabilities | $138M |
| Other Non-Current Liabilities | $94M |
| TOTAL NON-CURRENT LIABILITIES | $345M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $149M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $5M |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $79M |
| Net Debt | $79M |
