| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.0B | 4.1% | 10.8% |
| Op. Income | $179M | $162M | $133M | 10.5% | 34.6% |
| Gross Margin | 47.4% | 46.2% | 45.7% | 1.2pp | 1.7pp |
| Net Margin | 10.1% | 11.6% | 0.4% | -1.5pp | 9.7pp |
| EPS (Diluted) | $2.11 | $2.34 | $0.07 | -9.8% | 2914.3% |
| Free Cash Flow | $309M | $179M | $254M | 72.6% | 21.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $598M |
| GROSS PROFIT | $539M |
| R&D Expenses | $121M |
| Selling & Marketing | $122M |
| General & Administrative | $89M |
| SG&A Expenses | $211M |
| Other Expenses | $28M |
| Operating Expenses | $360M |
| Cost & Expenses | $958M |
| OPERATING INCOME | $179M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $44M |
| EBIT | $187M |
| EBITDA | $231M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $598M |
| GROSS PROFIT | $539M |
| R&D Expenses | $121M |
| Selling & Marketing | $122M |
| General & Administrative | $89M |
| SG&A Expenses | $211M |
| Other Expenses | $28M |
| Operating Expenses | $360M |
| Cost & Expenses | $958M |
| OPERATING INCOME | $179M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $44M |
| EBIT | $187M |
| EBITDA | $231M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $115M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $159M |
| OPERATING CASH FLOW | $325M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$72M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $70M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$311M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$310M |
| FREE CASH FLOW | $309M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $0 |
| Net Receivables | $544M |
| Inventory | $520M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $249M |
| Goodwill | $2.5B |
| Intangible Assets | $232M |
| Long-Term Investments | $28M |
| Tax Assets | $114M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $552M |
| Short-Term Debt | $157M |
| Deferred Revenue | $210M |
| Other Current Liabilities | $140M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $172M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $89M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $294M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$613M |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |