| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.0B | $2.9B | -2.8% | 0.0% |
| Op. Income | $205M | $264M | $222M | -22.3% | -7.4% |
| Gross Margin | 73.1% | 73.4% | 73.2% | -0.2pp | -0.1pp |
| Net Margin | 33.2% | 30.3% | -27.0% | 3.0pp | 60.3pp |
| EPS (Diluted) | $-0.57 | $0.80 | $-0.69 | -171.3% | 17.4% |
| Free Cash Flow | $592M | $1.7B | $1.1B | -64.7% | -44.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $788M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $474M |
| Other Expenses | $1.5B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $205M |
| Interest Income | $0 |
| Interest Expense | $364M |
| Other Income/Expenses | -$323M |
| INCOME BEFORE TAX | -$118M |
| Income Tax Expense | $281M |
| Net Income from Continuing Ops | -$399M |
| Net Income from Discontinued Ops | $1.4B |
| Other Adjustments | $0 |
| NET INCOME | $974M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$451M |
| D&A | $929M |
| EBIT | $298M |
| EBITDA | $1.2B |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | $974M |
| Depreciation & Amortization | $943M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$909M |
| Change in Working Capital | -$116M |
| OPERATING CASH FLOW | $935M |
| Capital Expenditure | -$344M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.9B |
| NET CASH FROM INVESTING | $1.6B |
| Net Debt Issuance | -$1.9B |
| Common Stock Repurchased | -$396M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$135M |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | $592M |
| Net Change in Cash | $82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $949M |
| Short-Term Investments | $354M |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $762M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $14.0B |
| Goodwill | $14.0B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $6.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $14.9B |
| TOTAL NON-CURRENT ASSETS | $50.1B |
| TOTAL ASSETS | $53.7B |
| Account Payables | $811M |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.1B |
| TOTAL CURRENT LIABILITIES | $10.0B |
| Long-Term Debt | $26.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.5B |
| TOTAL NON-CURRENT LIABILITIES | $38.9B |
| TOTAL LIABILITIES | $48.9B |
| Common Stock | $8M |
| Additional Paid-In Capital | $9.6B |
| Retained Earnings | -$5.2B |
| Treasury Stock | -$100.0K |
| Accum. Other Comp. Income | $973M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | -$592M |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $53.7B |
| Total Debt | $31.2B |
| Net Debt | $30.2B |
