| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $4.0B | $3.9B | -1.5% | 1.0% |
| Op. Income | $206M | $189M | $282M | 9.2% | -27.0% |
| Gross Margin | 11.3% | 10.4% | 13.5% | 1.0pp | -2.2pp |
| Net Margin | 2.2% | 2.1% | 4.5% | 0.1pp | -2.3pp |
| EPS (Diluted) | $0.34 | $0.33 | $0.69 | 3.0% | -50.7% |
| Free Cash Flow | $620M | $9M | -$1.6B | 6673.5% | 139.6% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $448M |
| R&D Expenses | $0 |
| Selling & Marketing | $97M |
| General & Administrative | $0 |
| SG&A Expenses | $97M |
| Other Expenses | $145M |
| Operating Expenses | $242M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $206M |
| Interest Income | $0 |
| Interest Expense | $86M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $145M |
| EBIT | $224M |
| EBITDA | $369M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $448M |
| R&D Expenses | $0 |
| Selling & Marketing | $97M |
| General & Administrative | $0 |
| SG&A Expenses | $97M |
| Other Expenses | $145M |
| Operating Expenses | $242M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $206M |
| Interest Income | $0 |
| Interest Expense | $86M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $145M |
| EBIT | $224M |
| EBITDA | $369M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $85M |
| Depreciation & Amortization | $145M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | -$27M |
| Change in Working Capital | $547M |
| OPERATING CASH FLOW | $776M |
| Capital Expenditure | -$156M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$160M |
| Net Debt Issuance | -$313M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$262M |
| NET CASH FROM FINANCING | -$584M |
| FREE CASH FLOW | $620M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $247M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $411M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $2.2B |
| Goodwill | $5.5B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $264M |
| Tax Assets | $0 |
| Other Non-Current Assets | $909M |
| TOTAL NON-CURRENT ASSETS | $11.1B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $1000M |
| Short-Term Debt | $70M |
| Deferred Revenue | $346M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $6.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $520M |
| Other Non-Current Liabilities | $569M |
| TOTAL NON-CURRENT LIABILITIES | $7.7B |
| TOTAL LIABILITIES | $10.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$809M |
| Accum. Other Comp. Income | -$217M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $10M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $6.7B |
| Net Debt | $6.4B |
