| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.4B | $2.5B | -1.6% | -8.7% |
| Op. Income | $359M | $368M | $411M | -2.4% | -12.7% |
| Gross Margin | 25.1% | 25.0% | 25.4% | 0.0pp | -0.4pp |
| Net Margin | 11.5% | 11.0% | 16.2% | 0.5pp | -4.7pp |
| EPS (Diluted) | $1.93 | $1.85 | $2.89 | 4.3% | -33.2% |
| Free Cash Flow | $306M | $330M | $258M | -7.3% | 18.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $581M |
| R&D Expenses | $59M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $0 |
| Operating Expenses | $222M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $359M |
| Interest Income | $1M |
| Interest Expense | $55M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $313M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $267M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $151M |
| EBIT | $366M |
| EBITDA | $517M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $581M |
| R&D Expenses | $59M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $0 |
| Operating Expenses | $222M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $359M |
| Interest Income | $1M |
| Interest Expense | $55M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $313M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $267M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $151M |
| EBIT | $366M |
| EBITDA | $517M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $267M |
| Depreciation & Amortization | $151M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $416M |
| Capital Expenditure | -$110M |
| Acquisitions (Net) | -$29M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$141M |
| Net Debt Issuance | -$90M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$85M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$250M |
| FREE CASH FLOW | $306M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $207M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $1.7B |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $5.7B |
| Goodwill | $4.5B |
| Intangible Assets | $2.0B |
| Long-Term Investments | -$887M |
| Tax Assets | $887M |
| Other Non-Current Assets | $460M |
| TOTAL NON-CURRENT ASSETS | $12.7B |
| TOTAL ASSETS | $16.1B |
| Account Payables | $716M |
| Short-Term Debt | $642M |
| Deferred Revenue | $257M |
| Other Current Liabilities | $504M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $887M |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $8.0B |
| TOTAL LIABILITIES | $10.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $8.0B |
| Treasury Stock | -$3.9B |
| Accum. Other Comp. Income | -$203M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $77M |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $16.1B |
| Total Debt | $6.2B |
| Net Debt | $6.0B |
