| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $944M | $980M | $1.5B | -3.7% | -36.3% |
| Op. Income | $54M | $48M | -$540M | 12.2% | 109.9% |
| Gross Margin | 32.8% | 33.0% | -20.0% | -0.2pp | 52.8pp |
| Net Margin | 4.4% | 3.8% | -35.8% | 0.6pp | 40.2pp |
| EPS (Diluted) | $0.27 | $0.24 | $-3.22 | 12.5% | 108.4% |
| Free Cash Flow | $193M | $175M | -$129M | 10.1% | 250.1% |
| Item | Amount |
|---|---|
| REVENUE | $944M |
| Cost of Revenue | $634M |
| GROSS PROFIT | $310M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $256M |
| Operating Expenses | $256M |
| Cost & Expenses | $891M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $62M |
| EBIT | $91M |
| EBITDA | $153M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $944M |
| Cost of Revenue | $634M |
| GROSS PROFIT | $310M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $256M |
| Operating Expenses | $256M |
| Cost & Expenses | $891M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $62M |
| EBIT | $91M |
| EBITDA | $153M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $62M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $133M |
| OPERATING CASH FLOW | $193M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$713M |
| Sales/Maturities of Investments | $728M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$77M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $106M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $193M |
| Net Change in Cash | $214M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $21.1B |
| Net Receivables | $0 |
| Inventory | $699M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $760M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $1.4B |
| Long-Term Investments | $22.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$17.1B |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $33.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $24.9B |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $28.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $274M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $33.3B |
| Total Debt | $3.8B |
| Net Debt | $3.7B |
