| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $4.3B | $4.3B | 0.9% | 1.1% |
| Op. Income | $1.1B | $1.1B | $1.1B | 1.2% | 2.3% |
| Gross Margin | 51.2% | 51.6% | 50.5% | -0.4pp | 0.7pp |
| Net Margin | 15.2% | 13.6% | 14.5% | 1.7pp | 0.8pp |
| EPS (Diluted) | $0.70 | $0.62 | $0.66 | 12.9% | 6.7% |
| Free Cash Flow | $913M | $823M | $741M | 10.9% | 23.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$1.1B |
| Other Expenses | $2.2B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $1.1B |
| Interest Income | $1M |
| Interest Expense | $218M |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | $901M |
| Income Tax Expense | $233M |
| Net Income from Continuing Ops | $668M |
| Net Income from Discontinued Ops | $6M |
| Other Adjustments | $0 |
| NET INCOME | $661M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $634M |
| D&A | $787M |
| EBIT | $1.1B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$1.1B |
| Other Expenses | $2.2B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $1.1B |
| Interest Income | $1M |
| Interest Expense | $218M |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | $901M |
| Income Tax Expense | $233M |
| Net Income from Continuing Ops | $668M |
| Net Income from Discontinued Ops | $6M |
| Other Adjustments | $0 |
| NET INCOME | $661M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $634M |
| D&A | $787M |
| EBIT | $1.1B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $661M |
| Depreciation & Amortization | $787M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $233M |
| Other Non-Cash Items | -$67M |
| Change in Working Capital | $36M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$740M |
| Acquisitions (Net) | -$730.8K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$738M |
| Net Debt Issuance | -$542M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$521M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $913M |
| Net Change in Cash | -$94M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $706M |
| Short-Term Investments | $0 |
| Net Receivables | $2.9B |
| Inventory | $353M |
| Other Current Assets | $454M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $20.0B |
| Goodwill | $7.8B |
| Intangible Assets | $9.8B |
| Long-Term Investments | $516M |
| Tax Assets | $102M |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $39.7B |
| TOTAL ASSETS | $44.3B |
| Account Payables | $2.7B |
| Short-Term Debt | $3.5B |
| Deferred Revenue | $498M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.6B |
| Long-Term Debt | $16.4B |
| Deferred Revenue NC | $151M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.6B |
| TOTAL NON-CURRENT LIABILITIES | $21.2B |
| TOTAL LIABILITIES | $28.8B |
| Common Stock | $14.9B |
| Additional Paid-In Capital | $853M |
| Retained Earnings | -$3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $103M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.3B |
| Minority Interest | $246M |
| TOTAL EQUITY | $15.5B |
| TOTAL LIABILITIES & EQUITY | $44.3B |
| Total Debt | $19.9B |
| Net Debt | $19.2B |
