| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.8B | $3.8B | -6.3% | -6.4% |
| Op. Income | $533M | $341M | $497M | 56.3% | 7.2% |
| Gross Margin | 27.2% | 19.9% | 23.9% | 7.3pp | 3.3pp |
| Net Margin | 11.4% | 5.1% | 9.6% | 6.3pp | 1.8pp |
| EPS (Diluted) | $2.19 | $1.06 | $2.00 | 106.6% | 9.5% |
| Free Cash Flow | $84M | -$301M | $311M | 127.9% | -73.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $956M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $346M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $533M |
| Interest Income | $0 |
| Interest Expense | $148M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $462M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $408M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $400M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $400M |
| D&A | $311M |
| EBIT | $614M |
| EBITDA | $925M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $956M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $346M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $533M |
| Interest Income | $0 |
| Interest Expense | $148M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $462M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $408M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $400M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $400M |
| D&A | $311M |
| EBIT | $614M |
| EBITDA | $925M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $401M |
| Depreciation & Amortization | $311M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $49M |
| Other Non-Cash Items | -$231M |
| Change in Working Capital | $258M |
| OPERATING CASH FLOW | $752M |
| Capital Expenditure | -$668M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$80M |
| NET CASH FROM INVESTING | -$748M |
| Net Debt Issuance | $644M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$172M |
| Other Financing Activities | -$491M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $604M |
| Other Current Assets | $497M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $22.0B |
| Goodwill | $2.3B |
| Intangible Assets | $846M |
| Long-Term Investments | $2.0B |
| Tax Assets | $2.0B |
| Other Non-Current Assets | $4.4B |
| TOTAL NON-CURRENT ASSETS | $33.6B |
| TOTAL ASSETS | $36.4B |
| Account Payables | $981M |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $829M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $12.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.9B |
| TOTAL NON-CURRENT LIABILITIES | $21.8B |
| TOTAL LIABILITIES | $25.4B |
| Common Stock | $4.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$143M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.5B |
| Minority Interest | $475M |
| TOTAL EQUITY | $11.0B |
| TOTAL LIABILITIES & EQUITY | $36.4B |
| Total Debt | $14.5B |
| Net Debt | $14.5B |
