| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.1B | 3.0% | 3.5% |
| Op. Income | $185M | $160M | $162M | 15.6% | 14.2% |
| Gross Margin | 47.3% | 47.4% | 46.2% | -0.1pp | 1.1pp |
| Net Margin | 12.0% | 11.3% | 11.6% | 0.7pp | 0.4pp |
| EPS (Diluted) | $2.50 | $2.26 | $2.34 | 10.6% | 6.8% |
| Free Cash Flow | $211M | $138M | $179M | 52.9% | 17.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $595M |
| GROSS PROFIT | $535M |
| R&D Expenses | $110M |
| Selling & Marketing | $124M |
| General & Administrative | $78M |
| SG&A Expenses | $202M |
| Other Expenses | $38M |
| Operating Expenses | $350M |
| Cost & Expenses | $945M |
| OPERATING INCOME | $185M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $44M |
| EBIT | $187M |
| EBITDA | $231M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $595M |
| GROSS PROFIT | $535M |
| R&D Expenses | $110M |
| Selling & Marketing | $124M |
| General & Administrative | $78M |
| SG&A Expenses | $202M |
| Other Expenses | $38M |
| Operating Expenses | $350M |
| Cost & Expenses | $945M |
| OPERATING INCOME | $185M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $44M |
| EBIT | $187M |
| EBITDA | $231M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $136M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $225M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $11M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$199M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$214M |
| FREE CASH FLOW | $211M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $0 |
| Net Receivables | $664M |
| Inventory | $468M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $366M |
| Goodwill | $2.6B |
| Intangible Assets | $290M |
| Long-Term Investments | $0 |
| Tax Assets | $83M |
| Other Non-Current Assets | $120M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $502M |
| Short-Term Debt | $205M |
| Deferred Revenue | $230M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $202M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $86M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $324M |
| Retained Earnings | $2.1B |
| Treasury Stock | -$663M |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $1.6B |
| Net Debt | $1.6B |
