| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.4B | $9.8B | $8.5B | -4.2% | 10.7% |
| Op. Income | $378M | $154M | $361M | 145.5% | 4.6% |
| Gross Margin | 13.9% | 15.4% | 14.8% | -1.5pp | -0.9pp |
| Net Margin | 1.2% | -0.3% | -1.1% | 1.5pp | 2.2pp |
| EPS (Diluted) | $0.04 | $-0.01 | $-0.03 | 540.0% | 229.4% |
| Free Cash Flow | $275M | $518M | $204M | -46.9% | 34.8% |
| Item | Amount |
|---|---|
| REVENUE | $9.4B |
| Cost of Revenue | $8.1B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $553M |
| General & Administrative | $324M |
| SG&A Expenses | $878M |
| Other Expenses | $56M |
| Operating Expenses | $933M |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $378M |
| Interest Income | $0 |
| Interest Expense | $156M |
| Other Income/Expenses | -$112M |
| INCOME BEFORE TAX | $266M |
| Income Tax Expense | $156M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $241M |
| EBIT | $398M |
| EBITDA | $639M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $9.4B |
| Cost of Revenue | $8.1B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $553M |
| General & Administrative | $324M |
| SG&A Expenses | $878M |
| Other Expenses | $56M |
| Operating Expenses | $933M |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $378M |
| Interest Income | $0 |
| Interest Expense | $156M |
| Other Income/Expenses | -$112M |
| INCOME BEFORE TAX | $266M |
| Income Tax Expense | $156M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $241M |
| EBIT | $398M |
| EBITDA | $639M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $247M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $206M |
| Change in Working Capital | -$98M |
| OPERATING CASH FLOW | $478M |
| Capital Expenditure | -$203M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $41M |
| NET CASH FROM INVESTING | -$162M |
| Net Debt Issuance | -$688M |
| Common Stock Repurchased | -$99M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$64M |
| NET CASH FROM FINANCING | -$851M |
| FREE CASH FLOW | $275M |
| Net Change in Cash | -$630M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $2.9B |
| Other Current Assets | $758M |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $7.2B |
| Goodwill | $4.7B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $17M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $15.4B |
| TOTAL ASSETS | $22.8B |
| Account Payables | $2.4B |
| Short-Term Debt | $764M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $313M |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $10.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $12.9B |
| TOTAL LIABILITIES | $17.2B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $42M |
| Retained Earnings | $497M |
| Treasury Stock | -$124M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $458M |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $22.8B |
| Total Debt | $11.4B |
| Net Debt | $9.6B |
