| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | — | -1.4% | — |
| Op. Income | $99M | $132M | — | -24.9% | — |
| Gross Margin | 29.4% | 32.0% | — | -2.7pp | — |
| Net Margin | -3.6% | 2.3% | — | -5.9pp | — |
| EPS (Diluted) | $0.30 | $-0.07 | — | 526.2% | — |
| Free Cash Flow | $65M | $99M | — | -34.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $433M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $334M |
| Other Expenses | $0 |
| Operating Expenses | $334M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $99M |
| Interest Income | $0 |
| Interest Expense | $135M |
| Other Income/Expenses | -$146M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | -$142M |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $101M |
| EBIT | $89M |
| EBITDA | $190M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$53M |
| Depreciation & Amortization | $101M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $70M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | -$54M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $65M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $185M |
| Short-Term Investments | $0 |
| Net Receivables | $931M |
| Inventory | $671M |
| Other Current Assets | $113M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $599M |
| Goodwill | $2.8B |
| Intangible Assets | $4.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $8.0B |
| TOTAL ASSETS | $9.9B |
| Account Payables | $557M |
| Short-Term Debt | $142M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $320M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $6.8B |
| Deferred Revenue NC | $3.9B |
| Deferred Tax Liabilities | $908M |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $11.9B |
| TOTAL LIABILITIES | $13.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$238M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$67M |
| Other Equity | -$2.7B |
| TOTAL STOCKHOLDERS' EQUITY | -$3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3.1B |
| TOTAL LIABILITIES & EQUITY | $9.9B |
| Total Debt | $6.9B |
| Net Debt | $6.7B |
