| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.5B | $3.2B | -17.8% | -8.6% |
| Op. Income | $303M | $533M | $321M | -43.2% | -5.6% |
| Gross Margin | 24.6% | 27.2% | 22.1% | -2.6pp | 2.5pp |
| Net Margin | 6.3% | 11.4% | 7.4% | -5.1pp | -1.1pp |
| EPS (Diluted) | $0.99 | $2.19 | $1.29 | -54.8% | -23.3% |
| Free Cash Flow | -$113M | $84M | -$35M | -234.5% | -222.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $710M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $359M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $303M |
| Interest Income | $0 |
| Interest Expense | $151M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $320M |
| EBIT | $303M |
| EBITDA | $623M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $710M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $359M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $303M |
| Interest Income | $0 |
| Interest Expense | $151M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $320M |
| EBIT | $303M |
| EBITDA | $623M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $182M |
| Depreciation & Amortization | $320M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $90M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $615M |
| Capital Expenditure | -$728M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$38M |
| NET CASH FROM INVESTING | -$766M |
| Net Debt Issuance | $794M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$173M |
| Other Financing Activities | -$469M |
| NET CASH FROM FINANCING | $152M |
| FREE CASH FLOW | -$113M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $765M |
| Other Current Assets | $463M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $22.4B |
| Goodwill | $2.3B |
| Intangible Assets | $837M |
| Long-Term Investments | $2.0B |
| Tax Assets | $2.1B |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $34.1B |
| TOTAL ASSETS | $36.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $927M |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $13.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.0B |
| TOTAL NON-CURRENT LIABILITIES | $22.6B |
| TOTAL LIABILITIES | $26.3B |
| Common Stock | $4.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$146M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.4B |
| Minority Interest | $173M |
| TOTAL EQUITY | $10.6B |
| TOTAL LIABILITIES & EQUITY | $36.9B |
| Total Debt | $15.2B |
| Net Debt | $15.1B |
