| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $5.6B | $4.4B | -17.7% | 4.8% |
| Op. Income | $877M | $1.6B | $1.1B | -44.9% | -20.3% |
| Gross Margin | 53.8% | 61.8% | 58.7% | -8.0pp | -4.9pp |
| Net Margin | 21.3% | 15.8% | 9.6% | 5.5pp | 11.6pp |
| EPS (Diluted) | $0.50 | $0.45 | $0.22 | 11.1% | 127.3% |
| Free Cash Flow | $568M | $620M | -$210M | -8.4% | 370.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.6B |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $877M |
| Interest Income | $13M |
| Interest Expense | $188M |
| Other Income/Expenses | $159M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $192M |
| Net Income from Continuing Ops | $844M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $975M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $975M |
| D&A | $1.0B |
| EBIT | $1.2B |
| EBITDA | $2.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.6B |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $877M |
| Interest Income | $13M |
| Interest Expense | $188M |
| Other Income/Expenses | $159M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $192M |
| Net Income from Continuing Ops | $844M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $975M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $975M |
| D&A | $1.0B |
| EBIT | $1.2B |
| EBITDA | $2.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $975M |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $133M |
| Other Non-Cash Items | -$643M |
| Change in Working Capital | $406M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | -$237M |
| Purchases of Investments | -$3.8B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $275M |
| NET CASH FROM INVESTING | -$3.7B |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$611M |
| Other Financing Activities | $730M |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | $568M |
| Net Change in Cash | -$450M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $600M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $1.3B |
| Other Current Assets | $2.7B |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $82.0B |
| Goodwill | $4.2B |
| Intangible Assets | $552M |
| Long-Term Investments | $14.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.1B |
| TOTAL NON-CURRENT ASSETS | $110.3B |
| TOTAL ASSETS | $117.7B |
| Account Payables | $3.6B |
| Short-Term Debt | $5.0B |
| Deferred Revenue | $499M |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $13.9B |
| Long-Term Debt | $37.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8.4B |
| Other Non-Current Liabilities | $16.6B |
| TOTAL NON-CURRENT LIABILITIES | $62.5B |
| TOTAL LIABILITIES | $76.3B |
| Common Stock | $5M |
| Additional Paid-In Capital | $12.0B |
| Retained Earnings | $25.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$169M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $37.0B |
| Minority Interest | $4.4B |
| TOTAL EQUITY | $41.4B |
| TOTAL LIABILITIES & EQUITY | $117.7B |
| Total Debt | $42.6B |
| Net Debt | $42.0B |
