| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.1B | $6.9B | $6.4B | -11.4% | -4.4% |
| Op. Income | $132M | $99M | $79M | 33.2% | 66.8% |
| Gross Margin | 6.2% | 5.2% | 5.4% | 1.0pp | 0.8pp |
| Net Margin | -1.0% | -0.7% | -0.3% | -0.4pp | -0.7pp |
| EPS (Diluted) | $-0.12 | $-0.09 | $-0.04 | -33.3% | -223.5% |
| Free Cash Flow | -$776M | -$850M | $193M | 8.7% | -501.0% |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $5.8B |
| GROSS PROFIT | $380M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $230M |
| Other Expenses | $17M |
| Operating Expenses | $248M |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $132M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$169M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | -$64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$64M |
| D&A | $258M |
| EBIT | -$28M |
| EBITDA | $230M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$64M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $76M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $371M |
| Change in Working Capital | -$953M |
| OPERATING CASH FLOW | -$642M |
| Capital Expenditure | -$134M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $915M |
| NET CASH FROM INVESTING | $782M |
| Net Debt Issuance | $106M |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $51M |
| FREE CASH FLOW | -$776M |
| Net Change in Cash | $193M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $3.7B |
| Other Current Assets | $855M |
| TOTAL CURRENT ASSETS | $9.1B |
| PP&E (Net) | $2.3B |
| Goodwill | $1.1B |
| Intangible Assets | $331M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $656M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $13.5B |
| Account Payables | $5.1B |
| Short-Term Debt | $633M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $7.6B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $508M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $10.5B |
| Common Stock | $6.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$3.0B |
| Treasury Stock | -$388M |
| Accum. Other Comp. Income | -$151M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $3.1B |
| Net Debt | $1.4B |
