| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.5B | 3.5% | 3.7% |
| Op. Income | $119M | $138M | $94M | -13.4% | 26.2% |
| Gross Margin | 32.0% | 32.1% | 31.7% | -0.1pp | 0.4pp |
| Net Margin | -3.2% | -0.4% | -1.8% | -2.8pp | -1.4pp |
| EPS (Diluted) | $-0.98 | $-0.18 | $-0.19 | -444.4% | -415.8% |
| Free Cash Flow | -$20M | $63M | -$35M | -131.8% | 42.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $491M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $372M |
| SG&A Expenses | $372M |
| Other Expenses | $0 |
| Operating Expenses | $372M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $119M |
| Interest Income | $0 |
| Interest Expense | $115M |
| Other Income/Expenses | -$170M |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$317M |
| D&A | $103M |
| EBIT | $65M |
| EBITDA | $168M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $103M |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | -$39M |
| Other Non-Cash Items | $79M |
| Change in Working Capital | -$152M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$1.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.6B |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $728M |
| Other Current Assets | $135M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $577M |
| Goodwill | $2.8B |
| Intangible Assets | $4.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $228M |
| TOTAL NON-CURRENT ASSETS | $8.0B |
| TOTAL ASSETS | $10.0B |
| Account Payables | $578M |
| Short-Term Debt | $196M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $337M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $871M |
| Other Non-Current Liabilities | $423M |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $7.6B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$296M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $10.0B |
| Total Debt | $5.3B |
| Net Debt | $5.2B |
