| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $3.3B | -0.2% | -5.1% |
| Op. Income | $436M | $285M | $164M | 53.0% | 165.9% |
| Gross Margin | 39.7% | 39.6% | 39.8% | 0.1pp | -0.1pp |
| Net Margin | 10.0% | 3.6% | -11.4% | 6.4pp | 21.3pp |
| EPS (Diluted) | $2.57 | $0.97 | $-3.27 | 164.9% | 178.6% |
| Free Cash Flow | -$47M | $267M | $78M | -117.6% | -160.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $723M |
| Operating Expenses | $802M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $436M |
| Interest Income | $0 |
| Interest Expense | $252M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $352M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $311M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $311M |
| D&A | $11M |
| EBIT | $282M |
| EBITDA | $293M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $723M |
| Operating Expenses | $802M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $436M |
| Interest Income | $0 |
| Interest Expense | $252M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $352M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $311M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $311M |
| D&A | $11M |
| EBIT | $282M |
| EBITDA | $293M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $311M |
| Depreciation & Amortization | $134M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $36M |
| Other Non-Cash Items | -$131M |
| Change in Working Capital | -$274M |
| OPERATING CASH FLOW | $76M |
| Capital Expenditure | -$123M |
| Acquisitions (Net) | $319M |
| Purchases of Investments | -$124M |
| Sales/Maturities of Investments | $114M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $186M |
| Net Debt Issuance | -$377M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$32M |
| NET CASH FROM FINANCING | -$409M |
| FREE CASH FLOW | -$47M |
| Net Change in Cash | -$147M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $335M |
| Other Current Assets | $202M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $6.0B |
| Goodwill | $4.2B |
| Intangible Assets | $305M |
| Long-Term Investments | $190M |
| Tax Assets | $59M |
| Other Non-Current Assets | $759M |
| TOTAL NON-CURRENT ASSETS | $11.5B |
| TOTAL ASSETS | $16.0B |
| Account Payables | $683M |
| Short-Term Debt | $265M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $11.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $14.2B |
| TOTAL LIABILITIES | $17.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.6B |
| Minority Interest | $571M |
| TOTAL EQUITY | -$1.1B |
| TOTAL LIABILITIES & EQUITY | $16.0B |
| Total Debt | $12.9B |
| Net Debt | $11.2B |
