| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.4B | -4.5% | -6.4% |
| Op. Income | $219M | $185M | $107M | 18.4% | 104.7% |
| Gross Margin | 36.7% | 32.6% | 24.7% | 4.1pp | 12.0pp |
| Net Margin | 13.2% | 10.6% | 5.2% | 2.6pp | 8.0pp |
| EPS (Diluted) | $0.78 | $0.63 | $0.28 | 23.8% | 178.6% |
| Free Cash Flow | $188M | $309M | $485M | -39.2% | -61.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $824M |
| GROSS PROFIT | $477M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $116M |
| SG&A Expenses | $116M |
| Other Expenses | $142M |
| Operating Expenses | $258M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $219M |
| Interest Income | $1.1B |
| Interest Expense | $774M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $0 |
| EBIT | $219M |
| EBITDA | $219M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $824M |
| GROSS PROFIT | $477M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $116M |
| SG&A Expenses | $116M |
| Other Expenses | $142M |
| Operating Expenses | $258M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $219M |
| Interest Income | $1.1B |
| Interest Expense | $774M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $0 |
| EBIT | $219M |
| EBITDA | $219M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $172M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $188M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $1.1B |
| NET CASH FROM INVESTING | $1.1B |
| Net Debt Issuance | -$2.7B |
| Common Stock Repurchased | -$77M |
| Common Dividends Paid | -$35M |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $188M |
| Net Change in Cash | -$479M |
