| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $4.3B | $4.0B | -12.3% | -6.7% |
| Op. Income | -$98M | $254M | $123M | -138.4% | -179.5% |
| Gross Margin | 8.7% | 11.4% | 9.0% | -2.7pp | -0.3pp |
| Net Margin | -5.4% | 3.4% | 0.7% | -8.8pp | -6.2pp |
| EPS (Diluted) | $-0.80 | $0.57 | $0.12 | -240.4% | -766.7% |
| Free Cash Flow | $103M | -$405M | $180M | 125.5% | -42.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $324M |
| R&D Expenses | $0 |
| Selling & Marketing | $75M |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $347M |
| Operating Expenses | $422M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | -$98M |
| Interest Income | $0 |
| Interest Expense | $100M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | -$197M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$202M |
| D&A | $148M |
| EBIT | -$98M |
| EBITDA | $50M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$202M |
| Depreciation & Amortization | $148M |
| Stock-Based Compensation | -$10M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $247M |
| Change in Working Capital | $47M |
| OPERATING CASH FLOW | $218M |
| Capital Expenditure | -$114M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | $867M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$58M |
| NET CASH FROM FINANCING | $834M |
| FREE CASH FLOW | $103M |
| Net Change in Cash | $938M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $404M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $2.7B |
| Goodwill | $5.3B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $11.2B |
| TOTAL ASSETS | $14.8B |
| Account Payables | $793M |
| Short-Term Debt | $103M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $7.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9.4B |
| TOTAL LIABILITIES | $11.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $993M |
| Treasury Stock | -$907M |
| Accum. Other Comp. Income | -$304M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $10M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $14.8B |
| Total Debt | $8.4B |
| Net Debt | $7.2B |
