| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.8B | $14.0B | $13.6B | -1.3% | 1.8% |
| Op. Income | $174M | $131M | -$101M | 32.7% | 272.5% |
| Gross Margin | 27.8% | 27.2% | 26.7% | 0.6pp | 1.2pp |
| Net Margin | 0.3% | -0.2% | 1.6% | 0.6pp | -1.3pp |
| EPS (Diluted) | $0.08 | $-0.06 | $0.37 | 233.3% | -78.4% |
| Free Cash Flow | -$408M | -$2M | -$472M | -20295.0% | 13.6% |
| Item | Amount |
|---|---|
| REVENUE | $13.8B |
| Cost of Revenue | $10.0B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.7B |
| Other Expenses | $12M |
| Operating Expenses | $3.7B |
| Cost & Expenses | $13.7B |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $213M |
| Other Income/Expenses | -$194M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$65M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $402M |
| EBIT | $193M |
| EBITDA | $595M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $402M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$69M |
| Other Non-Cash Items | -$140M |
| Change in Working Capital | -$371M |
| OPERATING CASH FLOW | -$122M |
| Capital Expenditure | -$286M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$272M |
| Net Debt Issuance | -$741M |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | -$789M |
| FREE CASH FLOW | -$408M |
| Net Change in Cash | -$1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $486M |
| Short-Term Investments | $23M |
| Net Receivables | $567M |
| Inventory | $4.6B |
| Other Current Assets | $397M |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $10.1B |
| Goodwill | $1.2B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $89M |
| Tax Assets | $0 |
| Other Non-Current Assets | $560M |
| TOTAL NON-CURRENT ASSETS | $14.9B |
| TOTAL ASSETS | $21.0B |
| Account Payables | $3.1B |
| Short-Term Debt | $413M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $988M |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $9.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $595M |
| Other Non-Current Liabilities | $2.9B |
| TOTAL NON-CURRENT LIABILITIES | $14.1B |
| TOTAL LIABILITIES | $19.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$568M |
| Treasury Stock | -$26M |
| Accum. Other Comp. Income | $192M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $21.0B |
| Total Debt | $11.0B |
| Net Debt | $10.5B |
