| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $932M | $1.0B | $735M | -8.6% | 26.7% |
| Op. Income | $186M | $258M | $104M | -28.0% | 77.9% |
| Gross Margin | 42.7% | 46.6% | 37.9% | -3.9pp | 4.9pp |
| Net Margin | 14.5% | 18.9% | 9.6% | -4.4pp | 4.8pp |
| EPS (Diluted) | $1.69 | $2.52 | $0.90 | -32.8% | 87.8% |
| Free Cash Flow | $163M | $270M | $114M | -39.7% | 43.3% |
| Item | Amount |
|---|---|
| REVENUE | $932M |
| Cost of Revenue | $534M |
| GROSS PROFIT | $398M |
| R&D Expenses | $0 |
| Selling & Marketing | $114M |
| General & Administrative | $32M |
| SG&A Expenses | $145M |
| Other Expenses | $2M |
| Operating Expenses | $212M |
| Cost & Expenses | $746M |
| OPERATING INCOME | $186M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $10M |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $36M |
| EBIT | $183M |
| EBITDA | $224M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $932M |
| Cost of Revenue | $534M |
| GROSS PROFIT | $398M |
| R&D Expenses | $0 |
| Selling & Marketing | $114M |
| General & Administrative | $32M |
| SG&A Expenses | $145M |
| Other Expenses | $2M |
| Operating Expenses | $212M |
| Cost & Expenses | $746M |
| OPERATING INCOME | $186M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $10M |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $36M |
| EBIT | $183M |
| EBITDA | $224M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $135M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $43M |
| Other Non-Cash Items | -$24M |
| Change in Working Capital | $61M |
| OPERATING CASH FLOW | $226M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$170M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$173M |
| FREE CASH FLOW | $163M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $206M |
| Short-Term Investments | -$47M |
| Net Receivables | $220M |
| Inventory | $399M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $790M |
| PP&E (Net) | $1.1B |
| Goodwill | $423M |
| Intangible Assets | $293M |
| Long-Term Investments | $40M |
| Tax Assets | $15M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $281M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $333M |
| Long-Term Debt | $372M |
| Deferred Revenue NC | $139M |
| Deferred Tax Liabilities | $172M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $693M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $285M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $73M |
| Other Equity | $494M |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $372M |
| Net Debt | $166M |
