| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.1B | 5.5% | 4.8% |
| Op. Income | $188M | $185M | $179M | 1.6% | 5.0% |
| Gross Margin | 45.6% | 47.3% | 47.4% | -1.7pp | -1.8pp |
| Net Margin | 14.2% | 12.0% | 10.1% | 2.1pp | 4.1pp |
| EPS (Diluted) | $3.10 | $2.50 | $2.11 | 24.0% | 46.9% |
| Free Cash Flow | $248M | $211M | $309M | 17.5% | -19.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $648M |
| GROSS PROFIT | $544M |
| R&D Expenses | $118M |
| Selling & Marketing | $130M |
| General & Administrative | $79M |
| SG&A Expenses | $209M |
| Other Expenses | $29M |
| Operating Expenses | $356M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $188M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $36M |
| EBIT | $183M |
| EBITDA | $219M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $648M |
| GROSS PROFIT | $544M |
| R&D Expenses | $118M |
| Selling & Marketing | $130M |
| General & Administrative | $79M |
| SG&A Expenses | $209M |
| Other Expenses | $29M |
| Operating Expenses | $356M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $188M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $36M |
| EBIT | $183M |
| EBITDA | $219M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $169M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $97M |
| OPERATING CASH FLOW | $265M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$244M |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $26M |
| NET CASH FROM FINANCING | -$245M |
| FREE CASH FLOW | $248M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $645M |
| Inventory | $474M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $366M |
| Goodwill | $2.6B |
| Intangible Assets | $275M |
| Long-Term Investments | $45M |
| Tax Assets | $127M |
| Other Non-Current Assets | $81M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $552M |
| Short-Term Debt | $197M |
| Deferred Revenue | $238M |
| Other Current Liabilities | $191M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $221M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $339M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$689M |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $1.4B |
| Net Debt | $1.4B |
