| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.4B | $15.8B | $14.1B | -2.2% | 9.3% |
| Op. Income | $259M | $562M | $207M | -54.0% | 25.1% |
| Gross Margin | 29.3% | 29.0% | 28.3% | 0.2pp | 0.9pp |
| Net Margin | 0.8% | 1.8% | 0.4% | -1.0pp | 0.4pp |
| EPS (Diluted) | $0.20 | $0.49 | $0.09 | -59.2% | 122.2% |
| Free Cash Flow | -$105M | $328M | -$65M | -132.0% | -60.9% |
| Item | Amount |
|---|---|
| REVENUE | $15.4B |
| Cost of Revenue | $10.9B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.3B |
| Other Expenses | -$59M |
| Operating Expenses | $4.3B |
| Cost & Expenses | $15.2B |
| OPERATING INCOME | $259M |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | -$105M |
| INCOME BEFORE TAX | $153M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $498M |
| EBIT | $269M |
| EBITDA | $767M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $15.4B |
| Cost of Revenue | $10.9B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.3B |
| Other Expenses | -$59M |
| Operating Expenses | $4.3B |
| Cost & Expenses | $15.2B |
| OPERATING INCOME | $259M |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | -$105M |
| INCOME BEFORE TAX | $153M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $498M |
| EBIT | $269M |
| EBITDA | $767M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $124M |
| Depreciation & Amortization | $498M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | -$62M |
| Change in Working Capital | -$279M |
| OPERATING CASH FLOW | $275M |
| Capital Expenditure | -$380M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $123M |
| NET CASH FROM INVESTING | -$257M |
| Net Debt Issuance | -$270M |
| Common Stock Repurchased | -$185M |
| Common Dividends Paid | -$47M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$563M |
| FREE CASH FLOW | -$105M |
| Net Change in Cash | -$545M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $11M |
| Net Receivables | $550M |
| Inventory | $4.6B |
| Other Current Assets | $359M |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $14.8B |
| Goodwill | $1.2B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $89M |
| Tax Assets | $0 |
| Other Non-Current Assets | $697M |
| TOTAL NON-CURRENT ASSETS | $18.9B |
| TOTAL ASSETS | $26.3B |
| Account Payables | $3.4B |
| Short-Term Debt | $798M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $6.6B |
| Long-Term Debt | $9.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $567M |
| Other Non-Current Liabilities | $2.5B |
| TOTAL NON-CURRENT LIABILITIES | $18.3B |
| TOTAL LIABILITIES | $24.9B |
| Common Stock | $6M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$106M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $26.3B |
| Total Debt | $16.1B |
| Net Debt | $14.2B |
