| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.1B | -11.7% | -1.3% |
| Op. Income | $151M | $188M | $159M | -19.7% | -5.0% |
| Gross Margin | 45.0% | 45.6% | 47.0% | -0.7pp | -2.0pp |
| Net Margin | 8.5% | 14.2% | 10.8% | -5.7pp | -2.3pp |
| EPS (Diluted) | $1.65 | $3.10 | $2.12 | -46.8% | -22.2% |
| Free Cash Flow | $95M | $248M | $27M | -61.7% | 251.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $579M |
| GROSS PROFIT | $473M |
| R&D Expenses | $105M |
| Selling & Marketing | $122M |
| General & Administrative | $74M |
| SG&A Expenses | $196M |
| Other Expenses | $21M |
| Operating Expenses | $322M |
| Cost & Expenses | $901M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $34M |
| EBIT | $156M |
| EBITDA | $190M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $579M |
| GROSS PROFIT | $473M |
| R&D Expenses | $105M |
| Selling & Marketing | $122M |
| General & Administrative | $74M |
| SG&A Expenses | $196M |
| Other Expenses | $21M |
| Operating Expenses | $322M |
| Cost & Expenses | $901M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $34M |
| EBIT | $156M |
| EBITDA | $190M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $108M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $121M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$98M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $536M |
| Inventory | $443M |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $359M |
| Goodwill | $2.6B |
| Intangible Assets | $258M |
| Long-Term Investments | $0 |
| Tax Assets | $129M |
| Other Non-Current Assets | $125M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $447M |
| Short-Term Debt | $230M |
| Deferred Revenue | $252M |
| Other Current Liabilities | $280M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $226M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $88M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $346M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$890M |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $1.5B |
| Net Debt | $1.5B |
