| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.5B | $1.8B | 16.1% | -1.9% |
| Op. Income | $311M | $351M | $250M | -11.4% | 24.4% |
| Gross Margin | 36.8% | 41.1% | 31.4% | -4.4pp | 5.3pp |
| Net Margin | 9.3% | 13.4% | 5.9% | -4.1pp | 3.4pp |
| EPS (Diluted) | $0.58 | $0.73 | $0.38 | -20.5% | 52.6% |
| Free Cash Flow | -$139M | -$387M | -$364M | 64.1% | 61.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $660M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $349M |
| Operating Expenses | $349M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $311M |
| Interest Income | $2M |
| Interest Expense | $134M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $263M |
| EBIT | $339M |
| EBITDA | $602M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $660M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $349M |
| Operating Expenses | $349M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $311M |
| Interest Income | $2M |
| Interest Expense | $134M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $263M |
| EBIT | $339M |
| EBITDA | $602M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $167M |
| Depreciation & Amortization | $263M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $61M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$107M |
| OPERATING CASH FLOW | $395M |
| Capital Expenditure | -$534M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$71M |
| NET CASH FROM INVESTING | -$604M |
| Net Debt Issuance | $40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$110M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$67M |
| FREE CASH FLOW | -$139M |
| Net Change in Cash | -$275M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $605M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $19.0B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $71M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.5B |
| TOTAL NON-CURRENT ASSETS | $24.5B |
| TOTAL ASSETS | $26.8B |
| Account Payables | $635M |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $299M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $12.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $19.1B |
| TOTAL LIABILITIES | $21.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | -$25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$73M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $37M |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $26.8B |
| Total Debt | $13.3B |
| Net Debt | $13.2B |
