| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.8B | $2.3B | -6.9% | 11.0% |
| Op. Income | $789M | $1.1B | $753M | -25.6% | 4.9% |
| Gross Margin | 34.9% | 41.0% | 36.6% | -6.2pp | -1.8pp |
| Net Margin | 22.2% | 30.0% | 23.2% | -7.8pp | -1.0pp |
| EPS (Diluted) | $0.79 | $1.14 | $0.73 | -30.8% | 8.0% |
| Free Cash Flow | $215M | $477M | $241M | -55.0% | -10.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $903M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$58M |
| SG&A Expenses | -$58M |
| Other Expenses | $172M |
| Operating Expenses | $114M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $789M |
| Interest Income | $0 |
| Interest Expense | $96M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $753M |
| Income Tax Expense | $179M |
| Net Income from Continuing Ops | $574M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $574M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $574M |
| D&A | $322M |
| EBIT | $849M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $903M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$58M |
| SG&A Expenses | -$58M |
| Other Expenses | $172M |
| Operating Expenses | $114M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $789M |
| Interest Income | $0 |
| Interest Expense | $96M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $753M |
| Income Tax Expense | $179M |
| Net Income from Continuing Ops | $574M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $574M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $574M |
| D&A | $322M |
| EBIT | $849M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $574M |
| Depreciation & Amortization | $322M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $73M |
| Other Non-Cash Items | $139M |
| Change in Working Capital | -$379M |
| OPERATING CASH FLOW | $729M |
| Capital Expenditure | -$514M |
| Acquisitions (Net) | -$122M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$642M |
| Net Debt Issuance | $574M |
| Common Stock Repurchased | -$314M |
| Common Dividends Paid | -$284M |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | $215M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $248M |
| Short-Term Investments | $0 |
| Net Receivables | $913M |
| Inventory | $479M |
| Other Current Assets | $573M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $28.2B |
| Goodwill | $0 |
| Intangible Assets | $258M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $439M |
| TOTAL NON-CURRENT ASSETS | $28.9B |
| TOTAL ASSETS | $31.1B |
| Account Payables | $1.5B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $146M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.6B |
| TOTAL NON-CURRENT LIABILITIES | $15.4B |
| TOTAL LIABILITIES | $18.3B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $279M |
| Retained Earnings | $12.1B |
| Treasury Stock | -$102M |
| Accum. Other Comp. Income | -$2.3B |
| Other Equity | $102M |
| TOTAL STOCKHOLDERS' EQUITY | $12.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.8B |
| TOTAL LIABILITIES & EQUITY | $31.1B |
| Total Debt | $10.1B |
| Net Debt | $9.9B |
