| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $2.1B | $1.5B | -29.8% | -3.2% |
| Op. Income | $218M | $359M | $255M | -39.3% | -14.5% |
| Gross Margin | 34.9% | 37.1% | 35.3% | -2.1pp | -0.4pp |
| Net Margin | 6.4% | 10.3% | 9.3% | -3.9pp | -2.9pp |
| EPS (Diluted) | $0.33 | $0.75 | $0.49 | -56.0% | -32.7% |
| Free Cash Flow | $76M | $136M | $258M | -44.1% | -70.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $940M |
| GROSS PROFIT | $505M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $287M |
| Operating Expenses | $287M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $218M |
| Interest Income | $2M |
| Interest Expense | $131M |
| Other Income/Expenses | -$104M |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $216M |
| EBIT | $245M |
| EBITDA | $461M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $940M |
| GROSS PROFIT | $505M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $287M |
| Operating Expenses | $287M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $218M |
| Interest Income | $2M |
| Interest Expense | $131M |
| Other Income/Expenses | -$104M |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $216M |
| EBIT | $245M |
| EBITDA | $461M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $93M |
| Depreciation & Amortization | $216M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $248M |
| OPERATING CASH FLOW | $568M |
| Capital Expenditure | -$492M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$243M |
| NET CASH FROM INVESTING | -$735M |
| Net Debt Issuance | $341M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$110M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $234M |
| FREE CASH FLOW | $76M |
| Net Change in Cash | $67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $312M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $552M |
| Other Current Assets | $80M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $18.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $64M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.8B |
| TOTAL NON-CURRENT ASSETS | $23.0B |
| TOTAL ASSETS | $25.3B |
| Account Payables | $636M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $568M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $11.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.7B |
| TOTAL NON-CURRENT LIABILITIES | $18.0B |
| TOTAL LIABILITIES | $20.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | -$182M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $37M |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $25.3B |
| Total Debt | $12.4B |
| Net Debt | $12.1B |
