| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $1.9B | $3.5B | 35.4% | -25.2% |
| Op. Income | -$287M | -$518M | -$97M | 44.5% | -197.0% |
| Gross Margin | 13.9% | 28.8% | 29.3% | -15.0pp | -15.4pp |
| Net Margin | -7.2% | -25.2% | -3.0% | 18.1pp | -4.1pp |
| EPS (Diluted) | $-0.46 | $-1.20 | $-0.26 | 61.7% | -76.9% |
| Free Cash Flow | $477M | $225M | $424M | 111.9% | 12.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $364M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $214M |
| Other Expenses | $438M |
| Operating Expenses | $651M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | -$287M |
| Interest Income | $4M |
| Interest Expense | $14M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$298M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | -$310M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $122M |
| NET INCOME | -$188M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$188M |
| D&A | $30M |
| EBIT | -$284M |
| EBITDA | -$254M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$188M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $42M |
| Other Non-Cash Items | $312M |
| Change in Working Capital | $311M |
| OPERATING CASH FLOW | $504M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $728M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $702M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$39M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | $477M |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $134M |
| Inventory | $1.3B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $321M |
| Goodwill | $364M |
| Intangible Assets | $34M |
| Long-Term Investments | $0 |
| Tax Assets | $147M |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $917M |
| TOTAL ASSETS | $4.0B |
| Account Payables | $1.1B |
| Short-Term Debt | $349M |
| Deferred Revenue | $393M |
| Other Current Liabilities | $141M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $472M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $100.0K |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $527M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $28M |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $821M |
| Net Debt | -$804M |
