| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.7B | $5.7B | $5.5B | 0.1% | 3.7% |
| Op. Income | $358M | $269M | $388M | 33.3% | -7.6% |
| Gross Margin | 29.7% | 28.7% | 30.2% | 0.9pp | -0.5pp |
| Net Margin | 4.5% | 3.1% | 5.1% | 1.3pp | -0.6pp |
| EPS (Diluted) | $1.08 | $0.76 | $1.18 | 42.1% | -8.5% |
| Free Cash Flow | -$110M | -$66M | $54M | -65.7% | -302.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $5.4B |
| OPERATING INCOME | $358M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $317M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $160M |
| EBIT | $358M |
| EBITDA | $518M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $5.4B |
| OPERATING INCOME | $358M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $317M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $160M |
| EBIT | $358M |
| EBITDA | $518M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $256M |
| Depreciation & Amortization | $160M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $41M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$304M |
| OPERATING CASH FLOW | $171M |
| Capital Expenditure | -$280M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$200.0K |
| NET CASH FROM INVESTING | -$280M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | -$110M |
| Net Change in Cash | -$168M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $434M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $3.9B |
| Other Current Assets | $256M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $9.7B |
| Goodwill | $2.3B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $0 |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $98M |
| TOTAL NON-CURRENT ASSETS | $15.2B |
| TOTAL ASSETS | $19.7B |
| Account Payables | $1.5B |
| Short-Term Debt | $750M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $754M |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $283M |
| TOTAL NON-CURRENT LIABILITIES | $9.4B |
| TOTAL LIABILITIES | $13.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $19.7B |
| Total Debt | $10.1B |
| Net Debt | $9.7B |
