| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.4B | $3.6B | -2.2% | -7.3% |
| Op. Income | $111M | $189M | $37M | -41.3% | 200.0% |
| Gross Margin | 38.6% | 37.8% | 38.0% | 0.8pp | 0.6pp |
| Net Margin | -5.1% | -3.5% | -3.1% | -1.6pp | -2.0pp |
| EPS (Diluted) | $-1.47 | $-1.04 | $-0.97 | -41.3% | -51.5% |
| Free Cash Flow | $41M | $12M | -$139M | 241.7% | 129.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $81M |
| Other Expenses | $1.1B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $265M |
| Other Income/Expenses | -$260M |
| INCOME BEFORE TAX | -$149M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$167M |
| D&A | $121M |
| EBIT | $152M |
| EBITDA | $273M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$167M |
| Depreciation & Amortization | $153M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $100.0K |
| Other Non-Cash Items | $126M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$87M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$166M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $207M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $378M |
| Other Current Assets | $366M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $6.5B |
| Goodwill | $4.5B |
| Intangible Assets | $420M |
| Long-Term Investments | $80M |
| Tax Assets | $57M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $12.6B |
| TOTAL ASSETS | $16.1B |
| Account Payables | $812M |
| Short-Term Debt | $339M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $803M |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $13.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $987M |
| TOTAL NON-CURRENT LIABILITIES | $14.9B |
| TOTAL LIABILITIES | $17.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$3.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.8B |
| Minority Interest | $577M |
| TOTAL EQUITY | -$1.3B |
| TOTAL LIABILITIES & EQUITY | $16.1B |
| Total Debt | $14.2B |
| Net Debt | $14.0B |
