| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $3.8B | 0.9% | -16.1% |
| Op. Income | $415M | $436M | $341M | -4.8% | 21.7% |
| Gross Margin | 28.0% | 27.8% | 19.9% | 0.2pp | 8.1pp |
| Net Margin | 8.5% | 10.2% | 5.1% | -1.7pp | 3.4pp |
| EPS (Diluted) | $1.40 | $1.73 | $1.06 | -19.1% | 32.1% |
| Free Cash Flow | -$89M | -$229M | -$301M | 61.1% | 70.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $883M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $468M |
| Operating Expenses | $468M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $415M |
| Interest Income | $0 |
| Interest Expense | $167M |
| Other Income/Expenses | -$117M |
| INCOME BEFORE TAX | $298M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $268M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $267M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $267M |
| D&A | $237M |
| EBIT | $429M |
| EBITDA | $666M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $883M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $468M |
| Operating Expenses | $468M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $415M |
| Interest Income | $0 |
| Interest Expense | $167M |
| Other Income/Expenses | -$117M |
| INCOME BEFORE TAX | $298M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $268M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $267M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $267M |
| D&A | $237M |
| EBIT | $429M |
| EBITDA | $666M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $267M |
| Depreciation & Amortization | $355M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $44M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $749M |
| Capital Expenditure | -$838M |
| Acquisitions (Net) | -$2.0B |
| Purchases of Investments | -$216M |
| Sales/Maturities of Investments | $194M |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | -$2.9B |
| Net Debt Issuance | $356M |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$174M |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | $2.1B |
| FREE CASH FLOW | -$89M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $93M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $759M |
| Other Current Assets | $347M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $25.5B |
| Goodwill | $2.5B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $4.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.4B |
| TOTAL NON-CURRENT ASSETS | $38.8B |
| TOTAL ASSETS | $41.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $379M |
| Other Current Liabilities | $994M |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $15.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.5B |
| Other Non-Current Liabilities | $7.5B |
| TOTAL NON-CURRENT LIABILITIES | $26.0B |
| TOTAL LIABILITIES | $30.0B |
| Common Stock | $5.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$148M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.7B |
| Minority Interest | $164M |
| TOTAL EQUITY | $11.8B |
| TOTAL LIABILITIES & EQUITY | $41.9B |
| Total Debt | $17.6B |
| Net Debt | $17.5B |
