| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.3B | — | 5.8% | — |
| Op. Income | $1.0B | $1.1B | — | -5.4% | — |
| Gross Margin | 119.6% | 50.5% | — | 69.1pp | — |
| Net Margin | 10.3% | 14.5% | — | -4.1pp | — |
| EPS (Diluted) | $0.50 | $0.66 | — | -24.4% | — |
| Free Cash Flow | $594M | $741M | — | -19.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | -$890M |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $77M |
| Selling & Marketing | $0 |
| General & Administrative | $48M |
| SG&A Expenses | $48M |
| Other Expenses | $5.4B |
| Operating Expenses | $5.4B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $1.0B |
| Interest Income | $0 |
| Interest Expense | $202M |
| Other Income/Expenses | -$360M |
| INCOME BEFORE TAX | $647M |
| Income Tax Expense | $178M |
| Net Income from Continuing Ops | $469M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $470M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $443M |
| D&A | $742M |
| EBIT | $850M |
| EBITDA | $1.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | -$890M |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $77M |
| Selling & Marketing | $0 |
| General & Administrative | $48M |
| SG&A Expenses | $48M |
| Other Expenses | $5.4B |
| Operating Expenses | $5.4B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $1.0B |
| Interest Income | $0 |
| Interest Expense | $202M |
| Other Income/Expenses | -$360M |
| INCOME BEFORE TAX | $647M |
| Income Tax Expense | $178M |
| Net Income from Continuing Ops | $469M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $470M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $443M |
| D&A | $742M |
| EBIT | $850M |
| EBITDA | $1.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $469M |
| Depreciation & Amortization | $742M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $178M |
| Other Non-Cash Items | -$248M |
| Change in Working Capital | $166M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$713M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | -$689M |
| Net Debt Issuance | -$344M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$495M |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | -$911M |
| FREE CASH FLOW | $594M |
| Net Change in Cash | -$293M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $311M |
| Short-Term Investments | $0 |
| Net Receivables | $2.9B |
| Inventory | $316M |
| Other Current Assets | $511M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $18.2B |
| Goodwill | $7.8B |
| Intangible Assets | $9.6B |
| Long-Term Investments | $664M |
| Tax Assets | $82M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $37.5B |
| TOTAL ASSETS | $41.7B |
| Account Payables | $1.9B |
| Short-Term Debt | $748M |
| Deferred Revenue | $514M |
| Other Current Liabilities | $2.8B |
| TOTAL CURRENT LIABILITIES | $7.6B |
| Long-Term Debt | $14.4B |
| Deferred Revenue NC | $143M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.4B |
| TOTAL NON-CURRENT LIABILITIES | $19.0B |
| TOTAL LIABILITIES | $26.6B |
| Common Stock | $14.6B |
| Additional Paid-In Capital | $855M |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $66M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.9B |
| Minority Interest | $238M |
| TOTAL EQUITY | $15.1B |
| TOTAL LIABILITIES & EQUITY | $41.7B |
| Total Debt | $17.8B |
| Net Debt | $17.5B |
