| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.2B | $3.5B | 1.2% | -4.8% |
| Op. Income | $164M | $184M | -$116M | -10.9% | 241.4% |
| Gross Margin | 39.8% | 38.5% | 38.7% | 1.3pp | 1.1pp |
| Net Margin | -11.4% | -0.5% | -9.5% | -10.8pp | -1.9pp |
| EPS (Diluted) | $-3.27 | $-0.15 | $-2.90 | -2080.0% | -12.8% |
| Free Cash Flow | $78M | -$184M | -$259M | 142.4% | 130.1% |
| 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 | $1.1B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $164M |
| Interest Income | $0 |
| Interest Expense | $259M |
| Other Income/Expenses | -$279M |
| INCOME BEFORE TAX | -$115M |
| Income Tax Expense | $231M |
| Net Income from Continuing Ops | -$346M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$373M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$373M |
| D&A | $122M |
| EBIT | $299M |
| EBITDA | $421M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$373M |
| Depreciation & Amortization | $152M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $203M |
| Other Non-Cash Items | $188M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $194M |
| Capital Expenditure | -$116M |
| Acquisitions (Net) | $238M |
| Purchases of Investments | -$46M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $96M |
| Net Debt Issuance | -$270M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $39M |
| NET CASH FROM FINANCING | -$231M |
| FREE CASH FLOW | $78M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $216M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $354M |
| Other Current Assets | $221M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $6.2B |
| Goodwill | $4.3B |
| Intangible Assets | $385M |
| Long-Term Investments | $283M |
| Tax Assets | $38M |
| Other Non-Current Assets | $933M |
| TOTAL NON-CURRENT ASSETS | $12.2B |
| TOTAL ASSETS | $15.6B |
| Account Payables | $718M |
| Short-Term Debt | $156M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $814M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $13.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $200M |
| Other Non-Current Liabilities | $894M |
| TOTAL NON-CURRENT LIABILITIES | $15.0B |
| TOTAL LIABILITIES | $17.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.2B |
| Minority Interest | $579M |
| TOTAL EQUITY | -$1.6B |
| TOTAL LIABILITIES & EQUITY | $15.6B |
| Total Debt | $14.0B |
| Net Debt | $13.8B |
