| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.9B | $10.2B | $9.1B | -12.6% | -2.8% |
| Op. Income | $794M | $1.3B | $1.3B | -39.7% | -40.8% |
| Gross Margin | 12.9% | 16.3% | 17.6% | -3.4pp | -4.7pp |
| Net Margin | 7.8% | 11.0% | 20.7% | -3.2pp | -12.9pp |
| EPS (Diluted) | $1.81 | $2.85 | $4.79 | -36.5% | -62.2% |
| Free Cash Flow | $599M | $959M | $1.1B | -37.5% | -44.6% |
| Item | Amount |
|---|---|
| REVENUE | $8.9B |
| Cost of Revenue | $7.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $326M |
| Other Expenses | $0 |
| Operating Expenses | $354M |
| Cost & Expenses | $8.1B |
| OPERATING INCOME | $794M |
| Interest Income | $5M |
| Interest Expense | $88M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $796M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $697M |
| Net Income from Discontinued Ops | -$5M |
| Other Adjustments | $0 |
| NET INCOME | $692M |
| Net Income Deductions | $5M |
| BOTTOM LINE NET INCOME | $683M |
| D&A | $333M |
| EBIT | $884M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.9B |
| Cost of Revenue | $7.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $326M |
| Other Expenses | $0 |
| Operating Expenses | $354M |
| Cost & Expenses | $8.1B |
| OPERATING INCOME | $794M |
| Interest Income | $5M |
| Interest Expense | $88M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $796M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $697M |
| Net Income from Discontinued Ops | -$5M |
| Other Adjustments | $0 |
| NET INCOME | $692M |
| Net Income Deductions | $5M |
| BOTTOM LINE NET INCOME | $683M |
| D&A | $333M |
| EBIT | $884M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $692M |
| Depreciation & Amortization | $333M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $149M |
| Other Non-Cash Items | -$49M |
| Change in Working Capital | $166M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$698M |
| Acquisitions (Net) | $37M |
| Purchases of Investments | -$228M |
| Sales/Maturities of Investments | $282M |
| Other Investing Activities | -$51M |
| NET CASH FROM INVESTING | -$658M |
| Net Debt Issuance | $670M |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$378M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$766M |
| FREE CASH FLOW | $599M |
| Net Change in Cash | -$131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $332M |
| Short-Term Investments | $892M |
| Net Receivables | $4.4B |
| Inventory | $4.5B |
| Other Current Assets | $246M |
| TOTAL CURRENT ASSETS | $10.6B |
| PP&E (Net) | $12.5B |
| Goodwill | $1.8B |
| Intangible Assets | $965M |
| Long-Term Investments | $2.1B |
| Tax Assets | $31M |
| Other Non-Current Assets | $322M |
| TOTAL NON-CURRENT ASSETS | $17.7B |
| TOTAL ASSETS | $28.3B |
| Account Payables | $2.6B |
| Short-Term Debt | $890M |
| Deferred Revenue | $128M |
| Other Current Liabilities | $283M |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.0B |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $12.4B |
| TOTAL LIABILITIES | $17.9B |
| Common Stock | $22M |
| Additional Paid-In Capital | $7.0B |
| Retained Earnings | $6.8B |
| Treasury Stock | -$2.2B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.3B |
| Minority Interest | $139M |
| TOTAL EQUITY | $10.4B |
| TOTAL LIABILITIES & EQUITY | $28.3B |
| Total Debt | $9.4B |
| Net Debt | $9.1B |
