| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $737M | $752M | $719M | -2.1% | 2.4% |
| Op. Income | $58M | $99M | $108M | -41.5% | -46.0% |
| Gross Margin | 22.5% | 25.2% | 24.4% | -2.7pp | -2.0pp |
| Net Margin | 9.1% | 8.8% | 10.4% | 0.3pp | -1.3pp |
| EPS (Diluted) | $1.03 | $1.02 | $1.16 | 1.0% | -11.2% |
| Free Cash Flow | $150M | $52M | $100M | 186.5% | 50.7% |
| Item | Amount |
|---|---|
| REVENUE | $737M |
| Cost of Revenue | $571M |
| GROSS PROFIT | $165M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $86M |
| Cost & Expenses | $678M |
| OPERATING INCOME | $58M |
| Interest Income | $400.0K |
| Interest Expense | $10M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $34M |
| EBIT | $58M |
| EBITDA | $92M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $737M |
| Cost of Revenue | $571M |
| GROSS PROFIT | $165M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $86M |
| Cost & Expenses | $678M |
| OPERATING INCOME | $58M |
| Interest Income | $400.0K |
| Interest Expense | $10M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $34M |
| EBIT | $58M |
| EBITDA | $92M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $69M |
| OPERATING CASH FLOW | $171M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $201.0K |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$99M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$107M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $0 |
| Net Receivables | $600M |
| Inventory | $517M |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $1.1B |
| Goodwill | $798M |
| Intangible Assets | $612M |
| Long-Term Investments | $32M |
| Tax Assets | $18M |
| Other Non-Current Assets | $166M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $240M |
| Short-Term Debt | $220M |
| Deferred Revenue | $28M |
| Other Current Liabilities | $81M |
| TOTAL CURRENT LIABILITIES | $707M |
| Long-Term Debt | $865M |
| Deferred Revenue NC | $337M |
| Deferred Tax Liabilities | $151M |
| Other Non-Current Liabilities | $169M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $207M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$611M |
| Accum. Other Comp. Income | -$103M |
| Other Equity | $9M |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $1.1B |
| Net Debt | $986M |
