| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.6B | 7.0% | -3.3% |
| Op. Income | $351M | $218M | $294M | 61.0% | 19.4% |
| Gross Margin | 41.1% | 34.9% | 35.5% | 6.2pp | 5.7pp |
| Net Margin | 13.4% | 6.4% | 10.6% | 7.0pp | 2.8pp |
| EPS (Diluted) | $0.73 | $0.33 | $0.59 | 121.2% | 23.7% |
| Free Cash Flow | -$387M | $76M | -$551M | -609.2% | 29.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $910M |
| GROSS PROFIT | $636M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $285M |
| Operating Expenses | $285M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $351M |
| Interest Income | $2M |
| Interest Expense | $133M |
| Other Income/Expenses | -$102M |
| INCOME BEFORE TAX | $249M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $207M |
| D&A | $215M |
| EBIT | $382M |
| EBITDA | $597M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $910M |
| GROSS PROFIT | $636M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $285M |
| Operating Expenses | $285M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $351M |
| Interest Income | $2M |
| Interest Expense | $133M |
| Other Income/Expenses | -$102M |
| INCOME BEFORE TAX | $249M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $207M |
| D&A | $215M |
| EBIT | $382M |
| EBITDA | $597M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $207M |
| Depreciation & Amortization | $215M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $29M |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | -$221M |
| OPERATING CASH FLOW | $210M |
| Capital Expenditure | -$597M |
| Acquisitions (Net) | $96M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$301M |
| NET CASH FROM INVESTING | -$802M |
| Net Debt Issuance | $796M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$108M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $691M |
| FREE CASH FLOW | -$387M |
| Net Change in Cash | $98M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $403M |
| Short-Term Investments | $0 |
| Net Receivables | $897M |
| Inventory | $699M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $18.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $68M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.1B |
| TOTAL NON-CURRENT ASSETS | $23.7B |
| TOTAL ASSETS | $26.0B |
| Account Payables | $607M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $376M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $12.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.7B |
| TOTAL NON-CURRENT LIABILITIES | $18.9B |
| TOTAL LIABILITIES | $21.0B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | -$83M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $37M |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $26.0B |
| Total Debt | $13.2B |
| Net Debt | $12.8B |
