| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.5B | — | -19.0% | — |
| Op. Income | $307M | $570M | — | -46.1% | — |
| Gross Margin | 50.4% | 55.3% | — | -5.0pp | — |
| Net Margin | 4.1% | 44.5% | — | -40.4pp | — |
| EPS (Diluted) | $0.15 | $2.14 | — | -93.0% | — |
| Free Cash Flow | $127M | -$713M | — | 117.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $607M |
| GROSS PROFIT | $616M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $269M |
| Other Expenses | $40M |
| Operating Expenses | $309M |
| Cost & Expenses | $916M |
| OPERATING INCOME | $307M |
| Interest Income | $0 |
| Interest Expense | $366M |
| Other Income/Expenses | -$294M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | -$36M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $7.0K |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $40M |
| EBIT | $380M |
| EBITDA | $420M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $607M |
| GROSS PROFIT | $616M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $269M |
| Other Expenses | $40M |
| Operating Expenses | $309M |
| Cost & Expenses | $916M |
| OPERATING INCOME | $307M |
| Interest Income | $0 |
| Interest Expense | $366M |
| Other Income/Expenses | -$294M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | -$36M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $7.0K |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $40M |
| EBIT | $380M |
| EBITDA | $420M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$32M |
| Other Non-Cash Items | -$36M |
| Change in Working Capital | $159M |
| OPERATING CASH FLOW | $189M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | $713M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | $277.0K |
| NET CASH FROM FINANCING | $668M |
| FREE CASH FLOW | $127M |
| Net Change in Cash | $743M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.0B |
| Short-Term Investments | $17.2B |
| Net Receivables | $8.2B |
| Inventory | $0 |
| Other Current Assets | $658M |
| TOTAL CURRENT ASSETS | $32.0B |
| PP&E (Net) | $0 |
| Goodwill | $1.7B |
| Intangible Assets | $187M |
| Long-Term Investments | $12.4B |
| Tax Assets | $510M |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $17.2B |
| TOTAL ASSETS | $49.3B |
| Account Payables | $7.4B |
| Short-Term Debt | $8.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.3B |
| TOTAL CURRENT LIABILITIES | $26.4B |
| Long-Term Debt | $10.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $12.8B |
| TOTAL LIABILITIES | $39.2B |
| Common Stock | $300M |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | $6.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$266M |
| Other Equity | -$125M |
| TOTAL STOCKHOLDERS' EQUITY | $10.0B |
| Minority Interest | $54M |
| TOTAL EQUITY | $10.1B |
| TOTAL LIABILITIES & EQUITY | $49.3B |
| Total Debt | $18.9B |
| Net Debt | $12.9B |
