ARRIS revenue was $6.74 b in FY, 2018 which is a 1.9% year over year increase from the previous period.

ARRIS revenue breakdown by business segment: 69.2% from Customer Premises Equipment and 30.8% from Network & Cloud

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Revenue | 6.8b | 6.6b | 6.7b |

| 42% | (3%) | 2% |

## Cost of goods sold | 5.1b | 4.9b | 4.8b |

## Gross profit | 1.7b | 1.7b | 1.9b |

| 25% | 25% | 28% |

## R&D expense | 584.9m | 539.1m | 644.0m |

## General and administrative expense | 454.2m | 475.4m | 667.1m |

## Operating expense total | 1.6b | 1.5b | 1.7b |

## Depreciation and amortization | 397.5m | 375.4m | 383.6m |

## EBIT | 110.7m | 123.0m | 178.9m |

| 2% | 2% | 3% |

## Interest expense | 79.8m | 87.1m | 95.1m |

## Interest income | 4.4m | 8.0m | 8.3m |

## Pre tax profit | 24.1m | 21.2m | 82.9m |

## Income tax expense | 15.1m | (44.9m) | (24.3m) |

## Net Income | 9.0m | 66.1m | 107.3m |

- Source: SEC Filings FY 2016

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 1.6b | 1.7b | 1.7b | 1.5b | 1.7b | 1.7b | 1.6b | 1.7b | 1.7b |

## Cost of goods sold | 1.2b | 1.3b | 1.3b | 1.1b | 1.3b | 1.3b | 1.1b | 1.2b | 1.2b |

## Gross profit | 384.0m | 444.7m | 442.9m | 337.3m | 403.4m | 431.2m | 475.7m | 498.8m | 465.2m |

| 24% | 26% | 26% | 23% | 24% | 25% | 30% | 29% | 28% |

## R&D expense | 161.1m | 152.6m | 138.8m | 133.0m | 133.1m | 131.6m | 169.8m | 167.2m | 156.1m |

## General and administrative expense | 120.0m | 105.7m | 112.9m | 104.6m | 113.9m | 114.4m | 161.2m | 173.4m | 162.7m |

## Operating expense total | 470.5m | 411.3m | 351.5m | 341.3m | 347.7m | 347.0m | 462.8m | 453.9m | 412.2m |

## Depreciation and amortization | 98.5m | 109.9m | 89.0m | 91.0m | 90.2m | 114.7m | 90.5m | 88.3m | |

## EBIT | (86.5m) | 33.4m | 91.3m | (4.1m) | 55.6m | 84.2m | 12.9m | 44.9m | 53.0m |

| (5%) | 2% | 5% | 0% | 3% | 5% | 1% | 3% | 3% |

## Interest expense | 19.6m | 19.1m | 20.1m | 19.7m | 23.3m | 20.2m | 22.5m | 23.6m | 24.0m |

## Interest income | 783.0k | 1.2m | 804.0k | 1.9m | 1.8m | 2.3m | 1.5m | 1.8m | 1.8m |

## Pre tax profit | (119.2m) | 13.7m | 54.5m | (31.0m) | 20.2m | 72.5m | (13.5m) | 24.9m | 30.2m |

## Income tax expense | 86.0m | (68.8m) | 8.9m | 10.0m | (8.3m) | (14.3m) | 3.5m | (9.9m) | (15.7m) |

## Net Income | (205.2m) | 82.5m | 45.7m | (41.0m) | 28.5m | 86.8m | (17.0m) | 34.8m | 45.8m |

- Source: SEC Filings FY 2016

usd | Y, 2012 | Y, 2013 | Y, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|---|

## Cash | 131.7m | 442.4m | 565.8m | 863.6m | 980.1m | 487.6m | 729.9m |

## Accounts Receivable | 651.9m | 1.4b | 1.2b | 1.2b | |||

## Prepaid Expenses | 26.6m | 27.0m | |||||

## Inventories | 401.6m | 551.5m | 825.2m | 740.2m | |||

## Current Assets | 2.1b | 3.3b | 2.9b | 3.1b | |||

## PP&E | 372.5m | 287.7m | |||||

## Goodwill | 1.0b | 2.0b | 2.3b | 2.2b | |||

## Total Assets | 4.5b | 7.8b | 7.6b | 7.3b | |||

## Accounts Payable | 514.9m | 1.0b | 1.2b | 1.3b | |||

## Short-term debt | 1.7b | 2.1b | |||||

## Current Liabilities | 1.0b | 1.8b | 1.9b | 2.0b | |||

## Long-term debt | 2.1b | 4.1b | |||||

## Total Debt | 3.8b | 6.2b | |||||

## Total Liabilities | 4.5b | 4.4b | 4.3b | ||||

## Common Stock | 2.6m | ||||||

## Additional Paid-in Capital | 1.8b | 3.3b | 3.4b | 3.5b | |||

## Retained Earnings | 358.8m | (132.0m) | (225.9m) | (466.2m) | |||

## Total Equity | 1.8b | 3.2b | 3.2b | 3.0b | |||

## Debt to Equity Ratio | 1.2 x | 2.1 x | |||||

## Debt to Assets Ratio | 0.5 x | 0.8 x | |||||

## Financial Leverage | 2.5 x | 2.4 x | 2.4 x | 2.4 x |

- Source: SEC Filings FY 2016

- Source: SEC Filings FY 2016

USD | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|

## Net Income | 84.5m | 9.0m | 66.1m | 107.3m |

## Depreciation and Amortization | 303.4m | 495.1m | 470.6m | 474.8m |

## Accounts Receivable | (55.1m) | (258.7m) | 175.9m | (22.1m) |

## Inventories | (6.7m) | 282.6m | (224.6m) | 81.8m |

## Accounts Payable | 50.0m | 24.9m | ||

## Cash From Operating Activities | 343.9m | 362.5m | 533.8m | 649.0m |

## Purchases of PP&E | (49.9m) | (66.8m) | (78.1m) | (63.6m) |

## Cash From Investing Activities | (45.9m) | (524.5m) | (747.7m) | 43.6m |

## Long-term Borrowings | (244.8m) | (88.4m) | ||

## Cash From Financing Activities | (134.0k) | 290.7m | (277.5m) | (442.8m) |

## Net Change in Cash | (492.5m) | 242.3m | ||

## Interest Paid | 80.8m | 90.1m | ||

## Income Taxes Paid | 34.1m | 34.3m |

- Source: SEC Filings FY 2016

USD | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
---|---|---|---|---|---|---|---|---|---|---|

## Net Income | (756.0k) | (205.2m) | (122.7m) | (77.1m) | (41.0m) | (12.6m) | 74.3m | (17.0m) | 17.8m | 63.6m |

## Depreciation and Amortization | 123.6m | 257.4m | 370.6m | 116.6m | 231.0m | 345.3m | 139.5m | 253.1m | 364.7m | |

## Accounts Receivable | 130.5m | 49.0m | (1.9m) | 292.3m | 368.0m | 305.2m | 209.4m | 20.9m | 85.6m | |

## Inventories | 166.2m | 181.7m | 231.1m | (3.2m) | (106.8m) | (222.7m) | (24.4m) | 19.4m | 104.6m | |

## Accounts Payable | (535.7m) | (327.6m) | (247.9m) | (144.6m) | 36.9m | 132.4m | (228.2m) | (104.5m) | (149.8m) | |

## Cash From Operating Activities | (756.0k) | (222.5m) | 38.2m | 327.2m | 250.0m | 495.8m | 611.6m | 95.9m | 199.3m | 420.2m |

## Purchases of PP&E | (9.1m) | (23.8m) | (40.6m) | (21.9m) | (42.9m) | (62.4m) | (15.2m) | (28.6m) | (45.6m) | |

## Cash From Investing Activities | (350.3m) | (383.5m) | (447.1m) | 15.0m | 45.6m | 19.1m | (20.5m) | (24.7m) | (14.7m) | |

## Long-term Borrowings | (252.8m) | (275.3m) | (297.9m) | (22.6m) | (75.6m) | (99.6m) | (22.1m) | (44.2m) | (66.3m) | |

## Cash From Financing Activities | 756.0k | 368.5m | 352.7m | 288.3m | (119.4m) | (175.6m) | (231.9m) | (59.8m) | (158.1m) | (406.3m) |

## Net Change in Cash | (204.4m) | 7.4m | 168.4m | 146.1m | 365.9m | 399.7m | 19.4m | 13.8m | (4.8m) |

- Source: SEC Filings FY 2016