| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.5B | 4.5% | 3.1% |
| Op. Income | $650M | $635M | $639M | 2.4% | 1.8% |
| Gross Margin | 57.3% | 59.8% | 58.8% | -2.6pp | -1.5pp |
| Net Margin | 32.1% | 31.2% | 27.2% | 0.9pp | 4.9pp |
| EPS (Diluted) | $0.70 | $0.65 | $0.56 | 7.9% | 24.7% |
| Free Cash Flow | $390M | $262M | $339M | 48.5% | 14.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $646M |
| GROSS PROFIT | $866M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $98M |
| Other Expenses | $117M |
| Operating Expenses | $215M |
| Cost & Expenses | $862M |
| OPERATING INCOME | $650M |
| Interest Income | $0 |
| Interest Expense | $82M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $655M |
| Income Tax Expense | $170M |
| Net Income from Continuing Ops | $485M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $485M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $485M |
| D&A | $130M |
| EBIT | $741M |
| EBITDA | $871M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $646M |
| GROSS PROFIT | $866M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $98M |
| Other Expenses | $117M |
| Operating Expenses | $215M |
| Cost & Expenses | $862M |
| OPERATING INCOME | $650M |
| Interest Income | $0 |
| Interest Expense | $82M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $655M |
| Income Tax Expense | $170M |
| Net Income from Continuing Ops | $485M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $485M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $485M |
| D&A | $130M |
| EBIT | $741M |
| EBITDA | $871M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $485M |
| Depreciation & Amortization | $130M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $48M |
| Other Non-Cash Items | -$51M |
| Change in Working Capital | $143M |
| OPERATING CASH FLOW | $755M |
| Capital Expenditure | -$365M |
| Acquisitions (Net) | -$127M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$488M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$124M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | -$59M |
| NET CASH FROM FINANCING | -$273M |
| FREE CASH FLOW | $390M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $0 |
| Net Receivables | $588M |
| Inventory | $133M |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $884M |
| PP&E (Net) | $14.3B |
| Goodwill | $142M |
| Intangible Assets | $9M |
| Long-Term Investments | $249M |
| Tax Assets | $144M |
| Other Non-Current Assets | $801M |
| TOTAL NON-CURRENT ASSETS | $15.6B |
| TOTAL ASSETS | $16.5B |
| Account Payables | $1.2B |
| Short-Term Debt | $488M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $2.7B |
| Other Non-Current Liabilities | $757M |
| TOTAL NON-CURRENT LIABILITIES | $9.6B |
| TOTAL LIABILITIES | $11.3B |
| Common Stock | $1.5B |
| Additional Paid-In Capital | $35M |
| Retained Earnings | $5.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $16.5B |
| Total Debt | $6.7B |
| Net Debt | $6.6B |
