| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.8B | $3.8B | -3.8% | -3.4% |
| Op. Income | $121M | $56M | $70M | 116.7% | 72.4% |
| Gross Margin | 9.2% | 7.2% | 7.3% | 2.0pp | 1.9pp |
| Net Margin | 1.9% | 0.9% | 1.2% | 1.0pp | 0.7pp |
| EPS (Diluted) | $2.18 | $1.01 | $1.38 | 115.8% | 58.0% |
| Free Cash Flow | $60M | $21M | $14M | 187.9% | 313.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $338M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $181M |
| Operating Expenses | $218M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $121M |
| Interest Income | $800.0K |
| Interest Expense | $15M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $38M |
| EBIT | $107M |
| EBITDA | $145M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $338M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $181M |
| Operating Expenses | $218M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $121M |
| Interest Income | $800.0K |
| Interest Expense | $15M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $38M |
| EBIT | $107M |
| EBITDA | $145M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $127M |
| Capital Expenditure | -$67M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $800.0K |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | $131M |
| Common Stock Repurchased | -$109M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | $69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $248M |
| Short-Term Investments | $0 |
| Net Receivables | $164M |
| Inventory | $234M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $665M |
| PP&E (Net) | $1.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $169M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $496M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $517M |
| Long-Term Debt | $966M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $199M |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $536M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $779M |
| Minority Interest | $0 |
| TOTAL EQUITY | $779M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $988M |
| Net Debt | $740M |
