| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $490M | $289M | $420M | 69.5% | 16.8% |
| Op. Income | $162M | $81M | $149M | 100.5% | 8.2% |
| Gross Margin | 37.9% | 34.8% | 40.6% | 3.0pp | -2.7pp |
| Net Margin | 20.9% | 13.1% | 47.3% | 7.8pp | -26.4pp |
| EPS (Diluted) | $1.18 | $0.44 | $2.30 | 168.2% | -48.7% |
| Free Cash Flow | -$73M | -$84M | -$45M | 12.8% | -62.4% |
| Item | Amount |
|---|---|
| REVENUE | $490M |
| Cost of Revenue | $305M |
| GROSS PROFIT | $186M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $24M |
| Operating Expenses | $24M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $162M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $64M |
| EBIT | $152M |
| EBITDA | $216M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $490M |
| Cost of Revenue | $305M |
| GROSS PROFIT | $186M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $24M |
| Operating Expenses | $24M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $162M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $64M |
| EBIT | $152M |
| EBITDA | $216M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $64M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$134M |
| OPERATING CASH FLOW | $104M |
| Capital Expenditure | -$178M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$180M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | -$73M |
| Net Change in Cash | -$121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $0 |
| Net Receivables | $299M |
| Inventory | $74M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $523M |
| PP&E (Net) | $5.1B |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $130M |
| Tax Assets | $0 |
| Other Non-Current Assets | $445M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $128M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $234M |
| TOTAL CURRENT LIABILITIES | $419M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $114M |
| Deferred Tax Liabilities | $598M |
| Other Non-Current Liabilities | $877M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $86M |
| Additional Paid-In Capital | $817M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $2.1B |
| Net Debt | $2.0B |
