| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | — | $2.6B | — | -8.8% |
| Op. Income | $326M | — | $421M | — | -22.6% |
| Gross Margin | 24.1% | — | 25.6% | — | -1.6pp |
| Net Margin | 8.8% | — | 11.1% | — | -2.3pp |
| EPS (Diluted) | $1.49 | — | $2.00 | — | -25.5% |
| Free Cash Flow | -$111M | — | -$163M | — | 31.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $571M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $0 |
| Operating Expenses | $245M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $326M |
| Interest Income | $1M |
| Interest Expense | $57M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $264M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $155M |
| EBIT | $320M |
| EBITDA | $475M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $571M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $0 |
| Operating Expenses | $245M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $326M |
| Interest Income | $1M |
| Interest Expense | $57M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $264M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $155M |
| EBIT | $320M |
| EBITDA | $475M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $209M |
| Depreciation & Amortization | $155M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$113M |
| Change in Working Capital | -$260M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$106M |
| Acquisitions (Net) | -$19M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | $320M |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | -$87M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $102M |
| FREE CASH FLOW | -$111M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $195M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $1.7B |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $5.8B |
| Goodwill | $4.5B |
| Intangible Assets | $2.1B |
| Long-Term Investments | -$892M |
| Tax Assets | $892M |
| Other Non-Current Assets | $408M |
| TOTAL NON-CURRENT ASSETS | $12.8B |
| TOTAL ASSETS | $16.4B |
| Account Payables | $857M |
| Short-Term Debt | $862M |
| Deferred Revenue | $182M |
| Other Current Liabilities | $461M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $892M |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $8.1B |
| TOTAL LIABILITIES | $10.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $7.7B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | -$194M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $76M |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $16.4B |
| Total Debt | $6.5B |
| Net Debt | $6.3B |
