| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.7B | — | -3.4% | — |
| Op. Income | $37M | $212M | — | -82.5% | — |
| Gross Margin | 38.0% | 38.6% | — | -0.6pp | — |
| Net Margin | -3.1% | -0.7% | — | -2.4pp | — |
| EPS (Diluted) | $-0.97 | $-0.22 | — | -340.9% | — |
| Free Cash Flow | -$139M | -$72M | — | -93.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $85M |
| Other Expenses | $1.2B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $235M |
| Other Income/Expenses | -$166M |
| INCOME BEFORE TAX | -$129M |
| Income Tax Expense | -$38M |
| Net Income from Continuing Ops | -$91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$110M |
| D&A | $143M |
| EBIT | $212M |
| EBITDA | $355M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$110M |
| Depreciation & Amortization | $177M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $400.0K |
| Other Non-Cash Items | $145M |
| Change in Working Capital | -$224M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$127M |
| Acquisitions (Net) | $76M |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | -$647M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $509M |
| NET CASH FROM FINANCING | -$138M |
| FREE CASH FLOW | -$139M |
| Net Change in Cash | -$216M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $208M |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $432M |
| Other Current Assets | $273M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $6.7B |
| Goodwill | $4.7B |
| Intangible Assets | $471M |
| Long-Term Investments | $83M |
| Tax Assets | $101M |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $13.1B |
| TOTAL ASSETS | $16.8B |
| Account Payables | $839M |
| Short-Term Debt | $41M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $590M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $13.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $15.0B |
| TOTAL LIABILITIES | $17.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$879M |
| Minority Interest | $590M |
| TOTAL EQUITY | -$289M |
| TOTAL LIABILITIES & EQUITY | $16.8B |
| Total Debt | $13.7B |
| Net Debt | $13.5B |
