| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.3B | $3.5B | -1.7% | -5.9% |
| Op. Income | $184M | $111M | $74M | 65.8% | 148.6% |
| Gross Margin | 38.5% | 38.6% | 37.7% | -0.1pp | 0.8pp |
| Net Margin | -0.5% | -5.1% | -9.4% | 4.5pp | 8.9pp |
| EPS (Diluted) | $-0.15 | $-1.47 | $-2.88 | 89.8% | 94.8% |
| Free Cash Flow | -$184M | $41M | $217M | -548.8% | -184.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $988M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $184M |
| Interest Income | $0 |
| Interest Expense | $259M |
| Other Income/Expenses | -$256M |
| INCOME BEFORE TAX | -$72M |
| Income Tax Expense | -$74M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $121M |
| EBIT | $216M |
| EBITDA | $337M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $151M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $75M |
| Change in Working Capital | -$283M |
| OPERATING CASH FLOW | -$74M |
| Capital Expenditure | -$110M |
| Acquisitions (Net) | $206M |
| Purchases of Investments | -$68M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $48M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | -$184M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $157M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $376M |
| Other Current Assets | $203M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $6.6B |
| Goodwill | $4.5B |
| Intangible Assets | $425M |
| Long-Term Investments | $82M |
| Tax Assets | $94M |
| Other Non-Current Assets | $865M |
| TOTAL NON-CURRENT ASSETS | $12.5B |
| TOTAL ASSETS | $15.9B |
| Account Payables | $845M |
| Short-Term Debt | $455M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $463M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $13.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $998M |
| TOTAL NON-CURRENT LIABILITIES | $14.8B |
| TOTAL LIABILITIES | $17.2B |
| 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 | $581M |
| TOTAL EQUITY | -$1.3B |
| TOTAL LIABILITIES & EQUITY | $15.9B |
| Total Debt | $14.2B |
| Net Debt | $14.1B |
