| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.9B | $6.7B | $6.8B | 3.9% | 2.5% |
| Op. Income | $99M | $155M | $179M | -36.0% | -44.6% |
| Gross Margin | 5.2% | 6.0% | 6.6% | -0.9pp | -1.4pp |
| Net Margin | -0.7% | 1.3% | 1.8% | -2.0pp | -2.4pp |
| EPS (Diluted) | $-0.09 | $0.16 | $0.22 | -156.3% | -140.9% |
| Free Cash Flow | -$850M | -$1.2B | -$1.1B | 30.7% | 23.1% |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $357M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $238M |
| Other Expenses | $20M |
| Operating Expenses | $258M |
| Cost & Expenses | $6.8B |
| OPERATING INCOME | $99M |
| Interest Income | $4M |
| Interest Expense | $39M |
| Other Income/Expenses | -$131M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $238M |
| EBIT | $7M |
| EBITDA | $245M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $238M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | -$814M |
| OPERATING CASH FLOW | -$621M |
| Capital Expenditure | -$229M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.0B |
| NET CASH FROM INVESTING | $769M |
| Net Debt Issuance | $36M |
| Common Stock Repurchased | -$64M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$850M |
| Net Change in Cash | $126M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $3.2B |
| Inventory | $3.9B |
| Other Current Assets | $930M |
| TOTAL CURRENT ASSETS | $9.5B |
| PP&E (Net) | $2.2B |
| Goodwill | $1.1B |
| Intangible Assets | $350M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $841M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $14.0B |
| Account Payables | $5.5B |
| Short-Term Debt | $43M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $7.5B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $487M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $10.9B |
| Common Stock | $6.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.9B |
| Treasury Stock | -$388M |
| Accum. Other Comp. Income | -$160M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $14.0B |
| Total Debt | $2.9B |
| Net Debt | $1.4B |
