| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $978M | $2.0B | $2.2B | -49.9% | -55.9% |
| Op. Income | $123M | $226M | $207M | -45.6% | -40.6% |
| Gross Margin | 35.3% | 33.5% | 29.2% | 1.7pp | 6.0pp |
| Net Margin | -0.8% | 4.3% | 4.2% | -5.1pp | -5.1pp |
| EPS (Diluted) | $-0.03 | $0.28 | $0.31 | -110.7% | -109.7% |
| Free Cash Flow | $140M | $226M | $97M | -38.1% | 44.3% |
| Item | Amount |
|---|---|
| REVENUE | $978M |
| Cost of Revenue | $633M |
| GROSS PROFIT | $345M |
| R&D Expenses | $17M |
| Selling & Marketing | $104M |
| General & Administrative | $90M |
| SG&A Expenses | $194M |
| Other Expenses | $11M |
| Operating Expenses | $222M |
| Cost & Expenses | $855M |
| OPERATING INCOME | $123M |
| Interest Income | $0 |
| Interest Expense | $77M |
| Other Income/Expenses | -$232M |
| INCOME BEFORE TAX | -$109M |
| Income Tax Expense | -$33M |
| Net Income from Continuing Ops | -$76M |
| Net Income from Discontinued Ops | $68M |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $97M |
| EBIT | -$32M |
| EBITDA | $65M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $97M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$36M |
| Other Non-Cash Items | $169M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $250M |
| Capital Expenditure | -$110M |
| Acquisitions (Net) | $485M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $375M |
| Net Debt Issuance | -$545M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$105M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$650M |
| FREE CASH FLOW | $140M |
| Net Change in Cash | -$171M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $574M |
| Inventory | $863M |
| Other Current Assets | $499M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $2.5B |
| Goodwill | $4.0B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $77M |
| Tax Assets | $2M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $11.2B |
| TOTAL ASSETS | $13.1B |
| Account Payables | $814M |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $711M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $7.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $924M |
| Other Non-Current Liabilities | $624M |
| TOTAL NON-CURRENT LIABILITIES | $8.7B |
| TOTAL LIABILITIES | $12.0B |
| Common Stock | $12M |
| Additional Paid-In Capital | $372M |
| Retained Earnings | $2.0B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$198M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $9M |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $13.1B |
| Total Debt | $8.5B |
| Net Debt | $8.4B |
