| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.7B | $3.3B | -19.4% | -7.6% |
| Op. Income | $117M | $323M | $156M | -63.8% | -24.9% |
| Gross Margin | 33.3% | 32.8% | 34.2% | 0.5pp | -0.9pp |
| Net Margin | 1.8% | 44.2% | 19.5% | -42.4pp | -17.8pp |
| EPS (Diluted) | $0.11 | $3.38 | $1.31 | -96.7% | -91.6% |
| Free Cash Flow | -$497M | $877M | -$390M | -156.7% | -27.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $880M |
| SG&A Expenses | $880M |
| Other Expenses | $1M |
| Operating Expenses | $880M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $117M |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$51M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $150M |
| EBIT | $116M |
| EBITDA | $117M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $880M |
| SG&A Expenses | $880M |
| Other Expenses | $1M |
| Operating Expenses | $880M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $117M |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$51M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $150M |
| EBIT | $116M |
| EBITDA | $117M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $150M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$94M |
| Other Non-Cash Items | $200.0K |
| Change in Working Capital | -$521M |
| OPERATING CASH FLOW | -$402M |
| Capital Expenditure | -$95M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$105M |
| Net Debt Issuance | $602M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$113M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $475M |
| FREE CASH FLOW | -$497M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $459M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $2.6B |
| Other Current Assets | $2.7B |
| TOTAL CURRENT ASSETS | $8.5B |
| PP&E (Net) | $1.6B |
| Goodwill | $9.7B |
| Intangible Assets | $13.1B |
| Long-Term Investments | $0 |
| Tax Assets | $225M |
| Other Non-Current Assets | $393M |
| TOTAL NON-CURRENT ASSETS | $25.0B |
| TOTAL ASSETS | $33.5B |
| Account Payables | $1.4B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $231M |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $9.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.3B |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $14.4B |
| TOTAL LIABILITIES | $19.3B |
| Common Stock | $509M |
| Additional Paid-In Capital | $10.4B |
| Retained Earnings | $4.5B |
| Treasury Stock | -$580M |
| Accum. Other Comp. Income | -$712M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $36M |
| TOTAL EQUITY | $14.2B |
| TOTAL LIABILITIES & EQUITY | $33.5B |
| Total Debt | $11.2B |
| Net Debt | $10.7B |
