| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.8B | $4.3B | $4.6B | 11.1% | 4.1% |
| Op. Income | $1.3B | $1.2B | $1.4B | 10.3% | -8.8% |
| Gross Margin | 29.1% | 29.1% | 31.2% | 0.0pp | -2.1pp |
| Net Margin | 15.6% | 47.7% | 28.5% | -32.1pp | -12.9pp |
| EPS (Diluted) | $0.31 | $0.87 | $0.54 | -63.9% | -41.9% |
| Free Cash Flow | $1.2B | $1.5B | $1.6B | -18.9% | -27.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $75M |
| SG&A Expenses | $75M |
| Other Expenses | $37M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $169M |
| Other Income/Expenses | -$295M |
| INCOME BEFORE TAX | $997M |
| Income Tax Expense | $246M |
| Net Income from Continuing Ops | $751M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $751M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $751M |
| D&A | $1.0B |
| EBIT | $1.2B |
| EBITDA | $2.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $75M |
| SG&A Expenses | $75M |
| Other Expenses | $37M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $169M |
| Other Income/Expenses | -$295M |
| INCOME BEFORE TAX | $997M |
| Income Tax Expense | $246M |
| Net Income from Continuing Ops | $751M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $751M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $751M |
| D&A | $1.0B |
| EBIT | $1.2B |
| EBITDA | $2.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $751M |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $129M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$219M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$656M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$664M |
| Net Debt Issuance | -$911M |
| Common Stock Repurchased | -$124M |
| Common Dividends Paid | -$327M |
| Other Financing Activities | $22M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$162M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $414M |
| Net Receivables | $1.8B |
| Inventory | $841M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $53.0B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $958M |
| TOTAL NON-CURRENT ASSETS | $54.0B |
| TOTAL ASSETS | $57.4B |
| Account Payables | $484M |
| Short-Term Debt | $2.9B |
| Deferred Revenue | -$62M |
| Other Current Liabilities | $105M |
| TOTAL CURRENT LIABILITIES | $5.7B |
| Long-Term Debt | $13.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.6B |
| Other Non-Current Liabilities | $5.2B |
| TOTAL NON-CURRENT LIABILITIES | $26.2B |
| TOTAL LIABILITIES | $32.0B |
| Common Stock | $6.8B |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | $18.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $72M |
| Other Equity | -$6.8B |
| TOTAL STOCKHOLDERS' EQUITY | $25.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $25.4B |
| TOTAL LIABILITIES & EQUITY | $57.4B |
| Total Debt | $16.4B |
| Net Debt | $16.3B |
