FY 2018 Earnings

Reported February 28, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$4.7B	—	$3.5B	—	31.6%
Op. Income	$2.2B	—	$574M	—	286.9%
Gross Margin	52.5%	—	57.3%	—	-4.8pp
Net Margin	32.0%	—	24.1%	—	7.9pp
EPS (Diluted)	$0.00	—	$0.00	—	NaN%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$223M
SG&A Expenses	$223M
Other Expenses	$0
Operating Expenses	$223M
Cost & Expenses	$2.4B
OPERATING INCOME	$2.2B
Interest Income	$0
Interest Expense	-$555M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$1.2B
Income Tax Expense	-$318M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	-$801M
EBIT	$615M
EBITDA	-$186M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$223M
SG&A Expenses	$223M
Other Expenses	$0
Operating Expenses	$223M
Cost & Expenses	$2.4B
OPERATING INCOME	$2.2B
Interest Income	$0
Interest Expense	-$555M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$1.2B
Income Tax Expense	-$318M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	-$801M
EBIT	$615M
EBITDA	-$186M
EPS	$0
EPS Diluted	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$540M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$141M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$12.8B
Goodwill	$3.9B
Intangible Assets	$11.6B
Long-Term Investments	$0
Tax Assets	$75M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$28.4B
TOTAL ASSETS	$36.6B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.4B
Other Non-Current Liabilities	$16.1B
TOTAL NON-CURRENT LIABILITIES	$19.5B
TOTAL LIABILITIES	$21.9B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$14.7B
TOTAL STOCKHOLDERS' EQUITY	$14.7B
Minority Interest	$0
TOTAL EQUITY	$14.7B
TOTAL LIABILITIES & EQUITY	$36.6B
Total Debt	$0
Net Debt	-$540M