| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $716M | $577M | $715M | 24.1% | 0.2% |
| Op. Income | $236M | $173M | $245M | 36.5% | -3.3% |
| Gross Margin | 58.2% | 58.2% | 59.9% | 0.0pp | -1.6pp |
| Net Margin | 28.0% | 23.9% | 25.9% | 4.1pp | 2.1pp |
| EPS (Diluted) | $3.12 | $2.07 | $2.46 | 50.7% | 26.8% |
| Free Cash Flow | $138M | $103M | $150M | 33.8% | -7.6% |
| Item | Amount |
|---|---|
| REVENUE | $716M |
| Cost of Revenue | $299M |
| GROSS PROFIT | $417M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $141M |
| Other Expenses | $3M |
| Operating Expenses | $181M |
| Cost & Expenses | $480M |
| OPERATING INCOME | $236M |
| Interest Income | $4M |
| Interest Expense | $14M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $224M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $25M |
| EBIT | $239M |
| EBITDA | $264M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $716M |
| Cost of Revenue | $299M |
| GROSS PROFIT | $417M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $141M |
| Other Expenses | $3M |
| Operating Expenses | $181M |
| Cost & Expenses | $480M |
| OPERATING INCOME | $236M |
| Interest Income | $4M |
| Interest Expense | $14M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $224M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $201M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $201M |
| D&A | $25M |
| EBIT | $239M |
| EBITDA | $264M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $201M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | $192M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | $325M |
| Common Stock Repurchased | -$560M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $23M |
| NET CASH FROM FINANCING | -$211M |
| FREE CASH FLOW | $138M |
| Net Change in Cash | -$69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $336M |
| Short-Term Investments | $1M |
| Net Receivables | $588M |
| Inventory | $321M |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $511M |
| Goodwill | $356M |
| Intangible Assets | $240M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $138M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $49M |
| Short-Term Debt | $100M |
| Deferred Revenue | $176M |
| Other Current Liabilities | $181M |
| TOTAL CURRENT LIABILITIES | $591M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $534M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $6.6B |
| Treasury Stock | -$8.6B |
| Accum. Other Comp. Income | -$119M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$216M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$216M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.8B |
| Net Debt | $1.4B |
