| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $547M | $534M | $494M | 2.4% | 10.8% |
| Op. Income | $191M | $104M | $118M | 83.7% | 61.6% |
| Gross Margin | 36.2% | 36.9% | 39.2% | -0.7pp | -3.0pp |
| Net Margin | 19.2% | 10.5% | 13.2% | 8.7pp | 6.0pp |
| EPS (Diluted) | $0.52 | $0.27 | $0.32 | 92.6% | 62.5% |
| Free Cash Flow | -$312M | $71M | $91M | -539.4% | -442.5% |
| Item | Amount |
|---|---|
| REVENUE | $547M |
| Cost of Revenue | $349M |
| GROSS PROFIT | $198M |
| R&D Expenses | $13M |
| Selling & Marketing | $61M |
| General & Administrative | -$37M |
| SG&A Expenses | $24M |
| Other Expenses | $76M |
| Operating Expenses | $83M |
| Cost & Expenses | $432M |
| OPERATING INCOME | $191M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $12M |
| EBIT | $194M |
| EBITDA | $203M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $547M |
| Cost of Revenue | $349M |
| GROSS PROFIT | $198M |
| R&D Expenses | $13M |
| Selling & Marketing | $61M |
| General & Administrative | -$37M |
| SG&A Expenses | $24M |
| Other Expenses | $76M |
| Operating Expenses | $83M |
| Cost & Expenses | $432M |
| OPERATING INCOME | $191M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $12M |
| EBIT | $194M |
| EBITDA | $203M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$339M |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | -$287M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $392M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $382M |
| FREE CASH FLOW | -$312M |
| Net Change in Cash | $69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $201M |
| Short-Term Investments | $0 |
| Net Receivables | $385M |
| Inventory | $175M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $790M |
| PP&E (Net) | $391M |
| Goodwill | $330M |
| Intangible Assets | $5M |
| Long-Term Investments | $30M |
| Tax Assets | $281M |
| Other Non-Current Assets | $88M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $192M |
| Short-Term Debt | $90M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $163M |
| TOTAL CURRENT LIABILITIES | $478M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $462M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $5M |
| Retained Earnings | -$167M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$117M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$117M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $1.2B |
| Net Debt | $981M |
