| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $4.0B | — | -8.9% | — |
| Op. Income | -$249M | -$89M | — | -179.3% | — |
| Gross Margin | 9.0% | 10.8% | — | -1.8pp | — |
| Net Margin | -10.2% | -1.0% | — | -9.2pp | — |
| EPS (Diluted) | $-0.52 | $-0.06 | — | -800.0% | — |
| Free Cash Flow | -$480M | -$1.6B | — | 69.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $325M |
| R&D Expenses | $286M |
| Selling & Marketing | $164M |
| General & Administrative | $124M |
| SG&A Expenses | $288M |
| Other Expenses | $0 |
| Operating Expenses | $574M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | -$249M |
| Interest Income | $8M |
| Interest Expense | $22M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | -$299M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | -$371M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$370M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$370M |
| D&A | $609M |
| EBIT | -$276M |
| EBITDA | $332M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$366M |
| Depreciation & Amortization | $603M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $83M |
| Change in Working Capital | $684M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$1.5B |
| Acquisitions (Net) | $58M |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | $101M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | $431M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $416M |
| FREE CASH FLOW | -$480M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $12M |
| Net Receivables | $2.4B |
| Inventory | $1.7B |
| Other Current Assets | $767M |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $16.2B |
| Goodwill | $221M |
| Intangible Assets | $408M |
| Long-Term Investments | $135M |
| Tax Assets | $811M |
| Other Non-Current Assets | $228M |
| TOTAL NON-CURRENT ASSETS | $18.0B |
| TOTAL ASSETS | $24.0B |
| Account Payables | $1.9B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $746M |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $6.9B |
| Long-Term Debt | $6.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $657M |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $14.1B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $6.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$94M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.1B |
| Minority Interest | $814M |
| TOTAL EQUITY | $9.9B |
| TOTAL LIABILITIES & EQUITY | $24.0B |
| Total Debt | $7.8B |
| Net Debt | $6.1B |
