| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $867M | — | $897M | — | -3.3% |
| Op. Income | $521M | — | $240M | — | 117.1% |
| Gross Margin | 67.6% | — | 66.2% | — | 1.4pp |
| Net Margin | -9.0% | — | -3.0% | — | -6.0pp |
| EPS (Diluted) | $-0.29 | — | $-0.15 | — | -93.3% |
| Free Cash Flow | $251M | — | $480M | — | -47.6% |
| Item | Amount |
|---|---|
| REVENUE | $867M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $586M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $0 |
| Operating Expenses | $65M |
| Cost & Expenses | $346M |
| OPERATING INCOME | $521M |
| Interest Income | $0 |
| Interest Expense | $233M |
| Other Income/Expenses | -$667M |
| INCOME BEFORE TAX | -$146M |
| Income Tax Expense | -$27M |
| Net Income from Continuing Ops | -$119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$92M |
| D&A | $369M |
| EBIT | $152M |
| EBITDA | $521M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$78M |
| Depreciation & Amortization | $368M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $224M |
| Change in Working Capital | -$98M |
| OPERATING CASH FLOW | $399M |
| Capital Expenditure | -$147M |
| Acquisitions (Net) | -$27M |
| Purchases of Investments | -$131M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$245M |
| Net Debt Issuance | $304M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$200M |
| Other Financing Activities | -$204M |
| NET CASH FROM FINANCING | -$139M |
| FREE CASH FLOW | $251M |
| Net Change in Cash | $320M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $482M |
| Short-Term Investments | $60M |
| Net Receivables | $741M |
| Inventory | $0 |
| Other Current Assets | $706M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $38.9B |
| Goodwill | $871M |
| Intangible Assets | $235M |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $742M |
| TOTAL NON-CURRENT ASSETS | $42.0B |
| TOTAL ASSETS | $44.1B |
| Account Payables | $345M |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $402M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $15.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.1B |
| TOTAL NON-CURRENT LIABILITIES | $22.9B |
| TOTAL LIABILITIES | $26.3B |
| Common Stock | $3.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.5B |
| Minority Interest | $9.3B |
| TOTAL EQUITY | $17.8B |
| TOTAL LIABILITIES & EQUITY | $44.1B |
| Total Debt | $18.1B |
| Net Debt | $17.7B |
