FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$6.6B	—	$4.7B	—	41.8%
Op. Income	$2.9B	—	$2.2B	—	31.6%
Gross Margin	48.5%	—	52.5%	—	-4.0pp
Net Margin	17.9%	—	32.0%	—	-14.1pp
EPS (Diluted)	$0.00	—	$0.00	—	NaN%

Revenue Flow

Item	Amount
REVENUE	$6.6B
Cost of Revenue	$3.4B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$279M
SG&A Expenses	$279M
Other Expenses	$0
Operating Expenses	$279M
Cost & Expenses	$3.7B
OPERATING INCOME	$2.9B
Interest Income	$0
Interest Expense	-$904M
Other Income/Expenses	-$2.0B
INCOME BEFORE TAX	$928M
Income Tax Expense	-$250M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	-$1.2B
EBIT	$24M
EBITDA	-$1.2B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$6.6B
Cost of Revenue	$3.4B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$279M
SG&A Expenses	$279M
Other Expenses	$0
Operating Expenses	$279M
Cost & Expenses	$3.7B
OPERATING INCOME	$2.9B
Interest Income	$0
Interest Expense	-$904M
Other Income/Expenses	-$2.0B
INCOME BEFORE TAX	$928M
Income Tax Expense	-$250M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	-$1.2B
EBIT	$24M
EBITDA	-$1.2B
EPS	$0
EPS Diluted	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$827M
Short-Term Investments	$0
Net Receivables	$2.0B
Inventory	$242M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$23.0B
Goodwill	$6.6B
Intangible Assets	$14.4B
Long-Term Investments	$0
Tax Assets	$112M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$44.1B
TOTAL ASSETS	$56.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$5.4B
TOTAL CURRENT LIABILITIES	$5.4B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.6B
Other Non-Current Liabilities	$24.1B
TOTAL NON-CURRENT LIABILITIES	$28.7B
TOTAL LIABILITIES	$34.1B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$22.2B
TOTAL STOCKHOLDERS' EQUITY	$22.2B
Minority Interest	$0
TOTAL EQUITY	$22.2B
TOTAL LIABILITIES & EQUITY	$56.3B
Total Debt	$0
Net Debt	-$827M