| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.2B | $2.9B | 0.8% | 13.8% |
| Op. Income | $367M | $424M | $324M | -13.4% | 13.3% |
| Gross Margin | 23.0% | 24.3% | 23.9% | -1.4pp | -0.9pp |
| Net Margin | 8.8% | 8.3% | 4.5% | 0.5pp | 4.3pp |
| EPS (Diluted) | $1.60 | $1.50 | $0.73 | 6.7% | 119.2% |
| Free Cash Flow | -$111M | -$169M | -$386M | 34.3% | 71.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $751M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $400M |
| Operating Expenses | $408M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $367M |
| Interest Income | $0 |
| Interest Expense | $129M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | -$66M |
| Net Income from Continuing Ops | $280M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $287M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $287M |
| D&A | $51M |
| EBIT | $367M |
| EBITDA | $418M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $751M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $400M |
| Operating Expenses | $408M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $367M |
| Interest Income | $0 |
| Interest Expense | $129M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | -$66M |
| Net Income from Continuing Ops | $280M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $287M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $287M |
| D&A | $51M |
| EBIT | $367M |
| EBITDA | $418M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $287M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | -$68M |
| Other Non-Cash Items | $260M |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | $567M |
| Capital Expenditure | -$678M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$82M |
| NET CASH FROM INVESTING | -$760M |
| Net Debt Issuance | $388M |
| Common Stock Repurchased | $33M |
| Common Dividends Paid | -$148M |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | $196M |
| FREE CASH FLOW | -$111M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $779M |
| Other Current Assets | $478M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $20.7B |
| Goodwill | $2.3B |
| Intangible Assets | $867M |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.5B |
| TOTAL NON-CURRENT ASSETS | $30.7B |
| TOTAL ASSETS | $33.8B |
| Account Payables | $1.2B |
| Short-Term Debt | $725M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $800M |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $12.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.8B |
| TOTAL NON-CURRENT LIABILITIES | $21.0B |
| TOTAL LIABILITIES | $23.8B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.5B |
| Minority Interest | $478M |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $33.8B |
| Total Debt | $12.9B |
| Net Debt | $12.8B |
