| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $2.9B | $3.5B | 8.0% | -12.1% |
| Op. Income | $436M | $303M | $430M | 43.9% | 1.4% |
| Gross Margin | 27.8% | 24.6% | 22.8% | 3.2pp | 5.0pp |
| Net Margin | 10.2% | 6.3% | 9.4% | 3.9pp | 0.8pp |
| EPS (Diluted) | $1.73 | $0.99 | $1.83 | 74.7% | -5.5% |
| Free Cash Flow | -$229M | -$113M | -$8M | -102.7% | -2762.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $868M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $346M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $436M |
| Interest Income | $0 |
| Interest Expense | $158M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $317M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $318M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $318M |
| D&A | $337M |
| EBIT | $436M |
| EBITDA | $773M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $868M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $346M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $436M |
| Interest Income | $0 |
| Interest Expense | $158M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $317M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $318M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $318M |
| D&A | $337M |
| EBIT | $436M |
| EBITDA | $773M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $319M |
| Depreciation & Amortization | $337M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $152M |
| Change in Working Capital | -$283M |
| OPERATING CASH FLOW | $534M |
| Capital Expenditure | -$763M |
| Acquisitions (Net) | -$174M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$107M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$173M |
| Other Financing Activities | $696M |
| NET CASH FROM FINANCING | $524M |
| FREE CASH FLOW | -$229M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $806M |
| Other Current Assets | $497M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $23.9B |
| Goodwill | $2.3B |
| Intangible Assets | $940M |
| Long-Term Investments | $2.1B |
| Tax Assets | $2.3B |
| Other Non-Current Assets | $3.9B |
| TOTAL NON-CURRENT ASSETS | $35.4B |
| TOTAL ASSETS | $38.3B |
| Account Payables | $1.0B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $715M |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $13.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.6B |
| TOTAL NON-CURRENT LIABILITIES | $23.6B |
| TOTAL LIABILITIES | $27.4B |
| Common Stock | $4.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$146M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.7B |
| Minority Interest | $164M |
| TOTAL EQUITY | $10.9B |
| TOTAL LIABILITIES & EQUITY | $38.3B |
| Total Debt | $15.9B |
| Net Debt | $15.8B |
