| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.7B | $3.3B | -4.6% | 7.1% |
| Op. Income | $527M | $331M | -$1.7B | 59.2% | 131.1% |
| Gross Margin | 17.6% | 20.9% | 7.2% | -3.4pp | 10.4pp |
| Net Margin | 2.3% | 3.7% | -30.0% | -1.4pp | 32.4pp |
| EPS (Diluted) | $0.07 | $0.11 | $-0.80 | -38.7% | 108.4% |
| Free Cash Flow | $307M | $396M | $145M | -22.5% | 112.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $620M |
| R&D Expenses | $12M |
| Selling & Marketing | -$7M |
| General & Administrative | $89M |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $527M |
| Interest Income | $2M |
| Interest Expense | $68M |
| Other Income/Expenses | -$466M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | -$22M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $358M |
| EBIT | $73M |
| EBITDA | $431M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $620M |
| R&D Expenses | $12M |
| Selling & Marketing | -$7M |
| General & Administrative | $89M |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $527M |
| Interest Income | $2M |
| Interest Expense | $68M |
| Other Income/Expenses | -$466M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | -$22M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $358M |
| EBIT | $73M |
| EBITDA | $431M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $414M |
| Change in Working Capital | $45M |
| OPERATING CASH FLOW | $541M |
| Capital Expenditure | -$234M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$108M |
| NET CASH FROM INVESTING | -$341M |
| Net Debt Issuance | -$327M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$56M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$384M |
| FREE CASH FLOW | $307M |
| Net Change in Cash | -$183M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $136M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $1.1B |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $21.9B |
| Goodwill | $1.7B |
| Intangible Assets | $74M |
| Long-Term Investments | $38M |
| Tax Assets | $0 |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $23.7B |
| TOTAL ASSETS | $26.1B |
| Account Payables | $697M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $129M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $4.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.1B |
| TOTAL NON-CURRENT LIABILITIES | $10.2B |
| TOTAL LIABILITIES | $12.1B |
| Common Stock | $8.1B |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $604M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.0B |
| TOTAL LIABILITIES & EQUITY | $26.1B |
| Total Debt | $6.3B |
| Net Debt | $6.2B |
