| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $719M | $588M | $607M | 22.3% | 18.6% |
| Op. Income | $108M | $73M | $91M | 47.5% | 18.7% |
| Gross Margin | 24.4% | 27.2% | 28.3% | -2.8pp | -3.9pp |
| Net Margin | 10.4% | 8.4% | 10.3% | 2.0pp | 0.1pp |
| EPS (Diluted) | $1.16 | $0.77 | $0.98 | 50.6% | 18.4% |
| Free Cash Flow | $100M | $74M | $96M | 34.2% | 3.3% |
| Item | Amount |
|---|---|
| REVENUE | $719M |
| Cost of Revenue | $544M |
| GROSS PROFIT | $176M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $612M |
| OPERATING INCOME | $108M |
| Interest Income | $498.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $44M |
| EBIT | $108M |
| EBITDA | $152M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $719M |
| Cost of Revenue | $544M |
| GROSS PROFIT | $176M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $612M |
| OPERATING INCOME | $108M |
| Interest Income | $498.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $44M |
| EBIT | $108M |
| EBITDA | $152M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $75M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $137M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $664.0K |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $118.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | -$108M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$115M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $0 |
| Net Receivables | $432M |
| Inventory | $550M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.1B |
| Goodwill | $813M |
| Intangible Assets | $701M |
| Long-Term Investments | $10M |
| Tax Assets | $17M |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $226M |
| Short-Term Debt | $154M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $93M |
| TOTAL CURRENT LIABILITIES | $591M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $235M |
| Deferred Tax Liabilities | $171M |
| Other Non-Current Liabilities | $163M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $186M |
| Retained Earnings | $2.0B |
| Treasury Stock | -$548M |
| Accum. Other Comp. Income | -$75M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.2B |
| Net Debt | $1.2B |
