| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | — | $6.9B | — | -5.4% |
| Op. Income | $250M | — | -$41M | — | 705.3% |
| Gross Margin | 6.6% | — | 2.1% | — | 4.5pp |
| Net Margin | 3.8% | — | 2.4% | — | 1.4pp |
| EPS (Diluted) | $0.00 | — | $0.00 | — | NaN% |
| Free Cash Flow | -$104M | -$200M | -$572M | 48.0% | 81.9% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $6.1B |
| GROSS PROFIT | $427M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $177M |
| Other Expenses | $0 |
| Operating Expenses | $178M |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $250M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $248M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $249M |
| D&A | $115M |
| EBIT | $303M |
| EBITDA | $418M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $6.1B |
| GROSS PROFIT | $427M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $177M |
| Other Expenses | $0 |
| Operating Expenses | $178M |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $250M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $248M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $249M |
| D&A | $115M |
| EBIT | $303M |
| EBITDA | $418M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $248M |
| Depreciation & Amortization | $115M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $79M |
| Change in Working Capital | -$479M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$73M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $124M |
| NET CASH FROM INVESTING | $57M |
| Net Debt Issuance | $248M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$115M |
| NET CASH FROM FINANCING | $90M |
| FREE CASH FLOW | -$104M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $367M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $3.6B |
| Other Current Assets | $497M |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $5.0B |
| Goodwill | $139M |
| Intangible Assets | $28M |
| Long-Term Investments | $3.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $645M |
| TOTAL NON-CURRENT ASSETS | $9.5B |
| TOTAL ASSETS | $16.9B |
| Account Payables | $1.6B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $869M |
| Other Current Liabilities | $216M |
| TOTAL CURRENT LIABILITIES | $6.3B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $221M |
| Other Non-Current Liabilities | $310M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $3.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$189M |
| Other Equity | $746M |
| TOTAL STOCKHOLDERS' EQUITY | $8.4B |
| Minority Interest | $8M |
| TOTAL EQUITY | $8.4B |
| TOTAL LIABILITIES & EQUITY | $16.9B |
| Total Debt | $4.6B |
| Net Debt | $4.2B |
