| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $988M | $987M | $817M | 0.1% | 21.0% |
| Op. Income | $28M | $81M | -$114M | -64.8% | 124.9% |
| Gross Margin | 9.7% | 15.7% | -6.8% | -6.0pp | 16.5pp |
| Net Margin | 3.2% | 7.0% | -10.0% | -3.8pp | 13.2pp |
| EPS (Diluted) | $0.57 | $1.25 | $-1.48 | -54.4% | 138.5% |
| Free Cash Flow | $98M | $137M | $51M | -28.6% | 92.1% |
| Item | Amount |
|---|---|
| REVENUE | $988M |
| Cost of Revenue | $892M |
| GROSS PROFIT | $96M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $67M |
| Operating Expenses | $67M |
| Cost & Expenses | $960M |
| OPERATING INCOME | $28M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $17M |
| EBIT | $33M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $988M |
| Cost of Revenue | $892M |
| GROSS PROFIT | $96M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $67M |
| Operating Expenses | $67M |
| Cost & Expenses | $960M |
| OPERATING INCOME | $28M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $17M |
| EBIT | $33M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $35.0K |
| Deferred Income Tax | -$25M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $106M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$503M |
| Sales/Maturities of Investments | $418M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$35M |
| Other Financing Activities | $110.0K |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | $98M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $294M |
| Short-Term Investments | $494M |
| Net Receivables | $690M |
| Inventory | -$1.6B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $214M |
| Goodwill | $43M |
| Intangible Assets | $11M |
| Long-Term Investments | $4.3B |
| Tax Assets | $28M |
| Other Non-Current Assets | -$28M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $143M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | -$28M |
| TOTAL CURRENT LIABILITIES | $143M |
| Long-Term Debt | $372M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $448M |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $99M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $420M |
| Net Debt | $126M |
