| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $4.3B | $4.5B | 5.6% | 1.0% |
| Op. Income | $1.7B | $1.1B | $1.0B | 58.2% | 71.1% |
| Gross Margin | 43.1% | 51.2% | 119.6% | -8.1pp | -76.5pp |
| Net Margin | 11.3% | 15.2% | 10.3% | -3.9pp | 1.0pp |
| EPS (Diluted) | $0.54 | $0.70 | $0.50 | -22.9% | 8.8% |
| Free Cash Flow | $685M | $913M | $594M | -24.9% | 15.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $80M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $172M |
| Operating Expenses | $252M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $1.7B |
| Interest Income | $0 |
| Interest Expense | $221M |
| Other Income/Expenses | -$1.0B |
| INCOME BEFORE TAX | $704M |
| Income Tax Expense | $179M |
| Net Income from Continuing Ops | $525M |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | $0 |
| NET INCOME | $519M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $487M |
| D&A | $799M |
| EBIT | $1.0B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $80M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $172M |
| Operating Expenses | $252M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $1.7B |
| Interest Income | $0 |
| Interest Expense | $221M |
| Other Income/Expenses | -$1.0B |
| INCOME BEFORE TAX | $704M |
| Income Tax Expense | $179M |
| Net Income from Continuing Ops | $525M |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | $0 |
| NET INCOME | $519M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $487M |
| D&A | $799M |
| EBIT | $1.0B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $519M |
| Depreciation & Amortization | $799M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $178M |
| Other Non-Cash Items | -$167M |
| Change in Working Capital | $200M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$843M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$849M |
| Net Debt Issuance | -$767M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$523M |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $685M |
| Net Change in Cash | -$600M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $241M |
| Other Current Assets | $107M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $15.6B |
| Goodwill | $6.0B |
| Intangible Assets | $7.5B |
| Long-Term Investments | $1.0B |
| Tax Assets | $55M |
| Other Non-Current Assets | $818M |
| TOTAL NON-CURRENT ASSETS | $31.0B |
| TOTAL ASSETS | $33.9B |
| Account Payables | $2.2B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $385M |
| Other Current Liabilities | $187M |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $10.5B |
| Deferred Revenue NC | $117M |
| Deferred Tax Liabilities | $2.0B |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $16.3B |
| TOTAL LIABILITIES | $21.8B |
| Common Stock | $11.5B |
| Additional Paid-In Capital | $664M |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.9B |
| Minority Interest | $188M |
| TOTAL EQUITY | $12.1B |
| TOTAL LIABILITIES & EQUITY | $33.9B |
| Total Debt | $14.8B |
| Net Debt | $14.7B |
