| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $4.0B | $4.0B | 0.3% | 1.0% |
| Op. Income | $189M | $123M | $187M | 53.7% | 1.2% |
| Gross Margin | 10.4% | 9.0% | 11.2% | 1.4pp | -0.8pp |
| Net Margin | 2.1% | 0.7% | 1.8% | 1.3pp | 0.2pp |
| EPS (Diluted) | $0.33 | $0.12 | $0.29 | 175.0% | 13.8% |
| Free Cash Flow | $9M | $180M | -$67M | -94.9% | 113.6% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $416M |
| R&D Expenses | $0 |
| Selling & Marketing | $78M |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $149M |
| Operating Expenses | $227M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $189M |
| Interest Income | $0 |
| Interest Expense | $82M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $149M |
| EBIT | $189M |
| EBITDA | $338M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $416M |
| R&D Expenses | $0 |
| Selling & Marketing | $78M |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $149M |
| Operating Expenses | $227M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $189M |
| Interest Income | $0 |
| Interest Expense | $82M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $149M |
| EBIT | $189M |
| EBITDA | $338M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $149M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$141M |
| OPERATING CASH FLOW | $119M |
| Capital Expenditure | -$110M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | $31M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $220M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $393M |
| 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 | $1.4B |
| TOTAL NON-CURRENT ASSETS | $11.1B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $820M |
| Short-Term Debt | $54M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $7.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8.3B |
| TOTAL LIABILITIES | $10.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$803M |
| Accum. Other Comp. Income | -$171M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $10M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $7.3B |
| Net Debt | $7.0B |
