| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $4.3B | — | -14.5% | — |
| Op. Income | $331M | $534M | — | -38.0% | — |
| Gross Margin | 20.9% | 22.4% | — | -1.5pp | — |
| Net Margin | 3.7% | 30.1% | — | -26.4pp | — |
| EPS (Diluted) | $0.11 | $1.06 | — | -89.7% | — |
| Free Cash Flow | $396M | $749M | — | -47.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $775M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $53M |
| SG&A Expenses | $53M |
| Other Expenses | $718M |
| Operating Expenses | $775M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $331M |
| Interest Income | $2M |
| Interest Expense | $68M |
| Other Income/Expenses | -$156M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $408M |
| EBIT | $271M |
| EBITDA | $679M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $775M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $53M |
| SG&A Expenses | $53M |
| Other Expenses | $718M |
| Operating Expenses | $775M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $331M |
| Interest Income | $2M |
| Interest Expense | $68M |
| Other Income/Expenses | -$156M |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $408M |
| EBIT | $271M |
| EBITDA | $679M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $137M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $34M |
| Other Non-Cash Items | $508M |
| Change in Working Capital | -$69M |
| OPERATING CASH FLOW | $609M |
| Capital Expenditure | -$213M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | -$251M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$73M |
| FREE CASH FLOW | $396M |
| Net Change in Cash | $273M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $319M |
| Short-Term Investments | $0 |
| Net Receivables | $954M |
| Inventory | $1.1B |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $22.0B |
| Goodwill | $1.7B |
| Intangible Assets | $76M |
| Long-Term Investments | $51M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $23.8B |
| TOTAL ASSETS | $26.1B |
| Account Payables | $1.4B |
| Short-Term Debt | $484M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.1B |
| TOTAL NON-CURRENT LIABILITIES | $10.0B |
| TOTAL LIABILITIES | $12.1B |
| Common Stock | $8.1B |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $652M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.1B |
| TOTAL LIABILITIES & EQUITY | $26.1B |
| Total Debt | $6.5B |
| Net Debt | $6.2B |
