| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.4B | 0.1% | 4.3% |
| Op. Income | $635M | $601M | $577M | 5.7% | 10.0% |
| Gross Margin | 59.8% | 55.8% | 57.3% | 4.0pp | 2.5pp |
| Net Margin | 31.2% | 36.6% | 32.8% | -5.4pp | -1.5pp |
| EPS (Diluted) | $0.65 | $0.75 | $0.64 | -13.6% | 2.3% |
| Free Cash Flow | $262M | $191M | $178M | 37.0% | 47.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $581M |
| GROSS PROFIT | $865M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $230M |
| Operating Expenses | $230M |
| Cost & Expenses | $811M |
| OPERATING INCOME | $635M |
| Interest Income | $0 |
| Interest Expense | $80M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $606M |
| Income Tax Expense | $154M |
| Net Income from Continuing Ops | $452M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $452M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $452M |
| D&A | $135M |
| EBIT | $686M |
| EBITDA | $821M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $581M |
| GROSS PROFIT | $865M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $230M |
| Operating Expenses | $230M |
| Cost & Expenses | $811M |
| OPERATING INCOME | $635M |
| Interest Income | $0 |
| Interest Expense | $80M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $606M |
| Income Tax Expense | $154M |
| Net Income from Continuing Ops | $452M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $452M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $452M |
| D&A | $135M |
| EBIT | $686M |
| EBITDA | $821M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $452M |
| Depreciation & Amortization | $135M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $70M |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $601M |
| Capital Expenditure | -$339M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$337M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$365M |
| Common Dividends Paid | -$85M |
| Other Financing Activities | $258M |
| NET CASH FROM FINANCING | -$192M |
| FREE CASH FLOW | $262M |
| Net Change in Cash | $73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $0 |
| Net Receivables | $563M |
| Inventory | $137M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $867M |
| PP&E (Net) | $14.1B |
| Goodwill | $0 |
| Intangible Assets | $143M |
| Long-Term Investments | $157M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $15.6B |
| TOTAL ASSETS | $16.5B |
| Account Payables | $981M |
| Short-Term Debt | $547M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $6.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.7B |
| Other Non-Current Liabilities | $726M |
| TOTAL NON-CURRENT LIABILITIES | $9.7B |
| TOTAL LIABILITIES | $11.2B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $33M |
| Retained Earnings | $5.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $16.5B |
| Total Debt | $6.8B |
| Net Debt | $6.7B |
