| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $5.0B | $4.4B | -9.3% | 4.1% |
| Op. Income | $268M | $305M | $242M | -12.2% | 10.6% |
| Gross Margin | 14.9% | 15.2% | 15.6% | -0.2pp | -0.7pp |
| Net Margin | 4.2% | 4.4% | 3.4% | -0.2pp | 0.8pp |
| EPS (Diluted) | $1.09 | $1.24 | $0.81 | -12.1% | 34.6% |
| Free Cash Flow | -$68M | -$211M | -$347M | 67.6% | 80.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $677M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $410M |
| Other Expenses | $0 |
| Operating Expenses | $410M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $268M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $248M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $45M |
| EBIT | $267M |
| EBITDA | $312M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $677M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $410M |
| Other Expenses | $0 |
| Operating Expenses | $410M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $268M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $248M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $45M |
| EBIT | $267M |
| EBITDA | $312M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $190M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $60M |
| Change in Working Capital | -$297M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$72M |
| Acquisitions (Net) | $72M |
| Purchases of Investments | -$164.0K |
| Sales/Maturities of Investments | $200.0K |
| Other Investing Activities | -$72M |
| NET CASH FROM INVESTING | -$72M |
| Net Debt Issuance | $287M |
| Common Stock Repurchased | -$252M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | -$68M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $111M |
| Inventory | $2.4B |
| Other Current Assets | $487M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $2.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $58M |
| Other Non-Current Assets | $12.5B |
| TOTAL NON-CURRENT ASSETS | $15.3B |
| TOTAL ASSETS | $18.4B |
| Account Payables | $558M |
| Short-Term Debt | $385M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $13.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $243M |
| TOTAL NON-CURRENT LIABILITIES | $13.7B |
| TOTAL LIABILITIES | $15.0B |
| Common Stock | $86M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $18.4B |
| Total Debt | $13.9B |
| Net Debt | $13.8B |
