| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $4.3B | $3.9B | -6.2% | 1.5% |
| Op. Income | $123M | $373M | $135M | -67.1% | -9.0% |
| Gross Margin | 9.0% | 11.0% | 9.6% | -2.0pp | -0.6pp |
| Net Margin | 0.7% | 5.9% | 0.7% | -5.1pp | 0.0pp |
| EPS (Diluted) | $0.12 | $0.99 | $0.11 | -87.9% | 9.1% |
| Free Cash Flow | $180M | -$322M | $206M | 156.1% | -12.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $360M |
| R&D Expenses | $0 |
| Selling & Marketing | $88M |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $149M |
| Operating Expenses | $237M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $123M |
| Interest Income | $0 |
| Interest Expense | $84M |
| Other Income/Expenses | -$84M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $148M |
| EBIT | $123M |
| EBITDA | $271M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $360M |
| R&D Expenses | $0 |
| Selling & Marketing | $88M |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $149M |
| Operating Expenses | $237M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $123M |
| Interest Income | $0 |
| Interest Expense | $84M |
| Other Income/Expenses | -$84M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $148M |
| EBIT | $123M |
| EBITDA | $271M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $148M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $75M |
| OPERATING CASH FLOW | $296M |
| Capital Expenditure | -$116M |
| Acquisitions (Net) | -$26M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$136M |
| Net Debt Issuance | -$189M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$211M |
| FREE CASH FLOW | $180M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $195M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $400M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $2.1B |
| Goodwill | $5.5B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $11.1B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $912M |
| Short-Term Debt | $56M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $7.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $10.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $993M |
| Treasury Stock | -$801M |
| Accum. Other Comp. Income | -$142M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $10M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $7.2B |
| Net Debt | $7.0B |
