| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.5B | $3.3B | 5.6% | 14.6% |
| Op. Income | $341M | $430M | $367M | -20.7% | -7.1% |
| Gross Margin | 19.9% | 22.8% | 23.0% | -2.9pp | -3.0pp |
| Net Margin | 5.1% | 9.4% | 8.8% | -4.3pp | -3.7pp |
| EPS (Diluted) | $1.06 | $1.83 | $1.60 | -42.1% | -33.8% |
| Free Cash Flow | -$301M | -$8M | -$111M | -3662.5% | -171.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $747M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $415M |
| Operating Expenses | $430M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $341M |
| Interest Income | $0 |
| Interest Expense | $144M |
| Other Income/Expenses | -$159M |
| INCOME BEFORE TAX | $173M |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | $196M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $191M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $11M |
| EBIT | $320M |
| EBITDA | $352M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $747M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $415M |
| Operating Expenses | $430M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $341M |
| Interest Income | $0 |
| Interest Expense | $144M |
| Other Income/Expenses | -$159M |
| INCOME BEFORE TAX | $173M |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | $196M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $191M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $11M |
| EBIT | $320M |
| EBITDA | $352M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $191M |
| Depreciation & Amortization | -$16M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$126M |
| Other Non-Cash Items | $424M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $633M |
| Capital Expenditure | -$934M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$77M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$161M |
| Other Financing Activities | $519M |
| NET CASH FROM FINANCING | $350M |
| FREE CASH FLOW | -$301M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $811M |
| Other Current Assets | $589M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $21.6B |
| Goodwill | $2.3B |
| Intangible Assets | $849M |
| Long-Term Investments | $2.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $33.0B |
| TOTAL ASSETS | $36.3B |
| Account Payables | $1.3B |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $874M |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $12.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.0B |
| TOTAL NON-CURRENT LIABILITIES | $21.1B |
| TOTAL LIABILITIES | $25.6B |
| Common Stock | $4.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.2B |
| Minority Interest | $480M |
| TOTAL EQUITY | $10.7B |
| TOTAL LIABILITIES & EQUITY | $36.3B |
| Total Debt | $14.2B |
| Net Debt | $14.2B |
