| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $873M | $850M | — | 2.7% | — |
| Op. Income | -$67M | -$986M | — | 93.2% | — |
| Gross Margin | 8.5% | -7.1% | — | 15.5pp | — |
| Net Margin | -55.2% | -103.4% | — | 48.2pp | — |
| EPS (Diluted) | $-1.61 | $-2.86 | — | 43.7% | — |
| Free Cash Flow | $128M | $184M | — | -30.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $873M |
| Cost of Revenue | $799M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $173M |
| Other Expenses | -$32M |
| Operating Expenses | $141M |
| Cost & Expenses | $940M |
| OPERATING INCOME | -$67M |
| Interest Income | $0 |
| Interest Expense | $54M |
| Other Income/Expenses | -$522M |
| INCOME BEFORE TAX | -$590M |
| Income Tax Expense | -$107M |
| Net Income from Continuing Ops | -$482M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$482M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$482M |
| D&A | $192M |
| EBIT | -$535M |
| EBITDA | -$344M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$482M |
| Depreciation & Amortization | $192M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$111M |
| Other Non-Cash Items | $637M |
| Change in Working Capital | -$92M |
| OPERATING CASH FLOW | $148M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $100M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$297M |
| NET CASH FROM INVESTING | -$216M |
| Net Debt Issuance | $86M |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $68M |
| FREE CASH FLOW | $128M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $0 |
| Short-Term Investments | $0 |
| Net Receivables | $489M |
| Inventory | $0 |
| Other Current Assets | $434M |
| TOTAL CURRENT ASSETS | $923M |
| PP&E (Net) | $12.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $354M |
| TOTAL NON-CURRENT ASSETS | $14.3B |
| TOTAL ASSETS | $15.2B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $782M |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $8.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $837M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $15.2B |
| Total Debt | $6.6B |
| Net Debt | $6.6B |
