| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $2.1B | 1.6% | -28.9% |
| Op. Income | $309M | $304M | $574M | 1.6% | -46.2% |
| Gross Margin | 42.0% | 42.4% | 35.7% | -0.4pp | 6.3pp |
| Net Margin | 6.7% | -7.5% | 13.9% | 14.2pp | -7.2pp |
| EPS (Diluted) | $2.73 | $-2.13 | $5.25 | 228.2% | -48.0% |
| Free Cash Flow | -$336M | $414M | $679M | -181.2% | -149.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $847M |
| GROSS PROFIT | $614M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $282M |
| Operating Expenses | $305M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $309M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$142M |
| INCOME BEFORE TAX | $167M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | -$33M |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $43M |
| EBIT | $167M |
| EBITDA | $210M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $847M |
| GROSS PROFIT | $614M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $282M |
| Operating Expenses | $305M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $309M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$142M |
| INCOME BEFORE TAX | $167M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | -$33M |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $43M |
| EBIT | $167M |
| EBITDA | $210M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $98M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $500.0K |
| Deferred Income Tax | $900.0K |
| Other Non-Cash Items | $419M |
| Change in Working Capital | -$874M |
| OPERATING CASH FLOW | -$313M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $40M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$814M |
| NET CASH FROM INVESTING | -$790M |
| Net Debt Issuance | $405M |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$383M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$336M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.9B |
| Short-Term Investments | $0 |
| Net Receivables | $18.7B |
| Inventory | $218M |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $24.1B |
| PP&E (Net) | $547M |
| Goodwill | $955M |
| Intangible Assets | $153M |
| Long-Term Investments | $0 |
| Tax Assets | $45M |
| Other Non-Current Assets | $682M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $26.5B |
| Account Payables | $301M |
| Short-Term Debt | $3.1B |
| Deferred Revenue | $808M |
| Other Current Liabilities | $7.3B |
| TOTAL CURRENT LIABILITIES | $11.9B |
| Long-Term Debt | $7.0B |
| Deferred Revenue NC | $114M |
| Deferred Tax Liabilities | $80M |
| Other Non-Current Liabilities | $5.5B |
| TOTAL NON-CURRENT LIABILITIES | $13.0B |
| TOTAL LIABILITIES | $24.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $5.2B |
| Treasury Stock | -$6.7B |
| Accum. Other Comp. Income | -$100M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $26.5B |
| Total Debt | $10.4B |
| Net Debt | $6.6B |
