| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.6B | $15.1B | $11.1B | -23.1% | 5.2% |
| Op. Income | $1.7B | $1.9B | $1.1B | -7.2% | 50.1% |
| Gross Margin | 14.3% | 10.7% | 10.4% | 3.6pp | 3.8pp |
| Net Margin | 9.9% | -4.2% | 6.9% | 14.2pp | 3.0pp |
| EPS (Diluted) | $4.02 | $-2.25 | $2.61 | 278.7% | 54.0% |
| Free Cash Flow | $416M | $1.0B | $1.5B | -58.6% | -72.2% |
| Item | Amount |
|---|---|
| REVENUE | $11.6B |
| Cost of Revenue | $10.0B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$67M |
| Operating Expenses | -$67M |
| Cost & Expenses | $9.9B |
| OPERATING INCOME | $1.7B |
| Interest Income | $0 |
| Interest Expense | $155M |
| Other Income/Expenses | -$365M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $203M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $279M |
| EBIT | $1.5B |
| EBITDA | $1.8B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $11.6B |
| Cost of Revenue | $10.0B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$67M |
| Operating Expenses | -$67M |
| Cost & Expenses | $9.9B |
| OPERATING INCOME | $1.7B |
| Interest Income | $0 |
| Interest Expense | $155M |
| Other Income/Expenses | -$365M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $203M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $279M |
| EBIT | $1.5B |
| EBITDA | $1.8B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $279M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $266M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | $632M |
| Capital Expenditure | -$216M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $130M |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$586M |
| Other Financing Activities | -$128M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $416M |
| Net Change in Cash | -$468M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $0 |
| Net Receivables | $11.8B |
| Inventory | $3.2B |
| Other Current Assets | $449M |
| TOTAL CURRENT ASSETS | $17.8B |
| PP&E (Net) | $5.7B |
| Goodwill | $10.8B |
| Intangible Assets | $3.7B |
| Long-Term Investments | $0 |
| Tax Assets | $3.1B |
| Other Non-Current Assets | $5.4B |
| TOTAL NON-CURRENT ASSETS | $28.8B |
| TOTAL ASSETS | $46.6B |
| Account Payables | $2.7B |
| Short-Term Debt | $750M |
| Deferred Revenue | $6.5B |
| Other Current Liabilities | $2.2B |
| TOTAL CURRENT LIABILITIES | $14.0B |
| Long-Term Debt | $13.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19.3B |
| TOTAL NON-CURRENT LIABILITIES | $32.8B |
| TOTAL LIABILITIES | $46.7B |
| Common Stock | $284M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $14.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14.6B |
| Other Equity | $71M |
| TOTAL STOCKHOLDERS' EQUITY | -$111M |
| Minority Interest | $71M |
| TOTAL EQUITY | -$40M |
| TOTAL LIABILITIES & EQUITY | $46.6B |
| Total Debt | $14.2B |
| Net Debt | $11.8B |
