| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.7B | $9.0B | $10.2B | -3.6% | -14.1% |
| Op. Income | $1.1B | $1.2B | $1.3B | -4.5% | -14.7% |
| Gross Margin | 16.7% | 16.6% | 16.3% | 0.0pp | 0.4pp |
| Net Margin | 11.0% | 11.1% | 11.0% | -0.0pp | 0.1pp |
| EPS (Diluted) | $2.85 | $2.70 | $2.85 | 5.6% | 0.0% |
| Free Cash Flow | $1.1B | $564M | $959M | 101.1% | 18.2% |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $7.3B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $303M |
| Other Expenses | $0 |
| Operating Expenses | $329M |
| Cost & Expenses | $7.6B |
| OPERATING INCOME | $1.1B |
| Interest Income | $5M |
| Interest Expense | $86M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $136M |
| Net Income from Continuing Ops | $969M |
| Net Income from Discontinued Ops | -$4M |
| Other Adjustments | $0 |
| NET INCOME | $963M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $961M |
| D&A | $327M |
| EBIT | $1.2B |
| EBITDA | $1.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $7.3B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $303M |
| Other Expenses | $0 |
| Operating Expenses | $329M |
| Cost & Expenses | $7.6B |
| OPERATING INCOME | $1.1B |
| Interest Income | $5M |
| Interest Expense | $86M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $136M |
| Net Income from Continuing Ops | $969M |
| Net Income from Discontinued Ops | -$4M |
| Other Adjustments | $0 |
| NET INCOME | $963M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $961M |
| D&A | $327M |
| EBIT | $1.2B |
| EBITDA | $1.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $965M |
| Depreciation & Amortization | $327M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $79M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $473M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$742M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$754M |
| Net Debt Issuance | $1.7B |
| Common Stock Repurchased | -$3.2B |
| Common Dividends Paid | -$351M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$796M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $476M |
| Short-Term Investments | $53M |
| Net Receivables | $3.5B |
| Inventory | $4.4B |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $9.6B |
| PP&E (Net) | $15.2B |
| Goodwill | $1.8B |
| Intangible Assets | $841M |
| Long-Term Investments | $2.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $497M |
| TOTAL NON-CURRENT ASSETS | $20.5B |
| TOTAL ASSETS | $30.1B |
| Account Payables | $2.7B |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.4B |
| Long-Term Debt | $9.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.0B |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $14.7B |
| TOTAL LIABILITIES | $22.1B |
| Common Stock | $22M |
| Additional Paid-In Capital | $7.0B |
| Retained Earnings | $8.4B |
| Treasury Stock | -$5.9B |
| Accum. Other Comp. Income | -$1.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.9B |
| Minority Interest | $134M |
| TOTAL EQUITY | $8.0B |
| TOTAL LIABILITIES & EQUITY | $30.1B |
| Total Debt | $13.3B |
| Net Debt | $12.9B |
