| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.5B | $1.2B | -11.9% | 6.3% |
| Op. Income | $397M | $639M | $395M | -37.9% | 0.6% |
| Gross Margin | 47.3% | 58.8% | 50.5% | -11.5pp | -3.2pp |
| Net Margin | 24.6% | 27.2% | 20.9% | -2.6pp | 3.6pp |
| EPS (Diluted) | $0.45 | $0.56 | $0.35 | -19.5% | 29.2% |
| Free Cash Flow | $138M | $339M | $114M | -59.3% | 21.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $680M |
| GROSS PROFIT | $611M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $214M |
| Operating Expenses | $214M |
| Cost & Expenses | $894M |
| OPERATING INCOME | $397M |
| Interest Income | $0 |
| Interest Expense | $83M |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $419M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $317M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $317M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $317M |
| D&A | $117M |
| EBIT | $502M |
| EBITDA | $619M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $680M |
| GROSS PROFIT | $611M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $214M |
| Operating Expenses | $214M |
| Cost & Expenses | $894M |
| OPERATING INCOME | $397M |
| Interest Income | $0 |
| Interest Expense | $83M |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $419M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $317M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $317M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $317M |
| D&A | $117M |
| EBIT | $502M |
| EBITDA | $619M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $317M |
| Depreciation & Amortization | $117M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $28M |
| Other Non-Cash Items | -$64M |
| Change in Working Capital | -$96M |
| OPERATING CASH FLOW | $302M |
| Capital Expenditure | -$164M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$160M |
| Net Debt Issuance | $286M |
| Common Stock Repurchased | -$151M |
| Common Dividends Paid | -$67M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $72M |
| FREE CASH FLOW | $138M |
| Net Change in Cash | $213M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $257M |
| Short-Term Investments | $0 |
| Net Receivables | $544M |
| Inventory | $133M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $13.7B |
| Goodwill | $0 |
| Intangible Assets | $145M |
| Long-Term Investments | $147M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $15.0B |
| TOTAL ASSETS | $16.0B |
| Account Payables | $959M |
| Short-Term Debt | $362M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $6.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.6B |
| Other Non-Current Liabilities | $959M |
| TOTAL NON-CURRENT LIABILITIES | $9.7B |
| TOTAL LIABILITIES | $11.0B |
| Common Stock | $1.5B |
| Additional Paid-In Capital | $34M |
| Retained Earnings | $5.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $16.0B |
| Total Debt | $6.5B |
| Net Debt | $6.3B |
