| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.6B | $11.6B | $11.0B | -0.7% | 5.4% |
| Op. Income | $685M | $1.0B | $1.3B | -31.8% | -45.5% |
| Gross Margin | 22.0% | 24.8% | 27.5% | -2.7pp | -5.5pp |
| Net Margin | 3.2% | 4.8% | 6.0% | -1.6pp | -2.8pp |
| EPS (Diluted) | $0.74 | $1.22 | $1.28 | -39.3% | -42.2% |
| Free Cash Flow | -$1.1B | $142M | -$1.0B | -862.0% | -8.2% |
| Item | Amount |
|---|---|
| REVENUE | $11.6B |
| Cost of Revenue | $9.0B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $395M |
| General & Administrative | $0 |
| SG&A Expenses | $395M |
| Other Expenses | $1.5B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $10.9B |
| OPERATING INCOME | $685M |
| Interest Income | $29M |
| Interest Expense | $262M |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | $496M |
| Income Tax Expense | $124M |
| Net Income from Continuing Ops | $372M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $372M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $372M |
| D&A | $72M |
| EBIT | $758M |
| EBITDA | $830M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.6B |
| Cost of Revenue | $9.0B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $395M |
| General & Administrative | $0 |
| SG&A Expenses | $395M |
| Other Expenses | $1.5B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $10.9B |
| OPERATING INCOME | $685M |
| Interest Income | $29M |
| Interest Expense | $262M |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | $496M |
| Income Tax Expense | $124M |
| Net Income from Continuing Ops | $372M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $372M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $372M |
| D&A | $72M |
| EBIT | $758M |
| EBITDA | $830M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $372M |
| Depreciation & Amortization | $544M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$964M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | -$77M |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | $602M |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$548M |
| Net Debt Issuance | $681M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$46M |
| Other Financing Activities | $680M |
| NET CASH FROM FINANCING | $634M |
| FREE CASH FLOW | -$1.1B |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $303M |
| Short-Term Investments | $4.6B |
| Net Receivables | $2.2B |
| Inventory | $1.6B |
| Other Current Assets | $154M |
| TOTAL CURRENT ASSETS | $9.5B |
| PP&E (Net) | $34.2B |
| Goodwill | $4.1B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $43.1B |
| TOTAL ASSETS | $52.6B |
| Account Payables | $1.9B |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $8.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16.3B |
| Long-Term Debt | $22.3B |
| Deferred Revenue NC | $5.3B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.3B |
| TOTAL NON-CURRENT LIABILITIES | $36.9B |
| TOTAL LIABILITIES | $53.2B |
| Common Stock | $5M |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | -$316M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$568M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$568M |
| TOTAL LIABILITIES & EQUITY | $52.6B |
| Total Debt | $24.8B |
| Net Debt | $24.5B |
