| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.7B | $1.5B | -3.1% | 11.6% |
| Op. Income | $307M | $146M | $94M | 110.4% | 228.8% |
| Gross Margin | 7.9% | 11.6% | 10.9% | -3.7pp | -3.0pp |
| Net Margin | 15.1% | 3.7% | 1.6% | 11.4pp | 13.5pp |
| EPS (Diluted) | $1.80 | $0.46 | $0.23 | 294.9% | 670.0% |
| Free Cash Flow | -$20M | -$37M | $25M | 46.9% | -181.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $132M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $307M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $255M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $254M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $253M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $253M |
| D&A | $60M |
| EBIT | $300M |
| EBITDA | $373M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $132M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $307M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $255M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $254M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $253M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $253M |
| D&A | $60M |
| EBIT | $300M |
| EBITDA | $373M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $254M |
| Depreciation & Amortization | $60M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $48M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $231M |
| NET CASH FROM INVESTING | $158M |
| Net Debt Issuance | -$94M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$82M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $132M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $326M |
| Short-Term Investments | $28M |
| Net Receivables | $696M |
| Inventory | $815M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $1.8B |
| Goodwill | $488M |
| Intangible Assets | $80M |
| Long-Term Investments | $90M |
| Tax Assets | $186M |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $1.2B |
| Short-Term Debt | $50M |
| Deferred Revenue | $64M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $845M |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $4M |
| Additional Paid-In Capital | $491M |
| Retained Earnings | -$553M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$98M |
| Other Equity | $98M |
| TOTAL STOCKHOLDERS' EQUITY | -$58M |
| Minority Interest | $11M |
| TOTAL EQUITY | -$48M |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $2.5B |
| Net Debt | $2.1B |
