| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.1B | $2.3B | 15.8% | 7.6% |
| Op. Income | -$635M | -$178M | -$7.9B | -256.4% | 92.0% |
| Gross Margin | 33.1% | 35.3% | 35.9% | -2.2pp | -2.8pp |
| Net Margin | -25.5% | 4.2% | -312.3% | -29.8pp | 286.8pp |
| EPS (Diluted) | $-1.48 | $0.21 | $-15.10 | -804.8% | 90.2% |
| Free Cash Flow | $377M | $134M | $499M | 180.5% | -24.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $811M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $608M |
| SG&A Expenses | $608M |
| Other Expenses | $0 |
| Operating Expenses | $608M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | -$635M |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$291M |
| INCOME BEFORE TAX | -$745M |
| Income Tax Expense | -$291M |
| Net Income from Continuing Ops | -$454M |
| Net Income from Discontinued Ops | $15M |
| Other Adjustments | -$187M |
| NET INCOME | -$626M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$626M |
| D&A | $151M |
| EBIT | -$893M |
| EBITDA | -$524M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$626M |
| Depreciation & Amortization | $151M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$258M |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | $86M |
| OPERATING CASH FLOW | $433M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | $14M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | -$701M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$97M |
| Other Financing Activities | $261M |
| NET CASH FROM FINANCING | -$538M |
| FREE CASH FLOW | $377M |
| Net Change in Cash | -$159M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $465M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $1.9B |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.7B |
| Intangible Assets | $4.6B |
| Long-Term Investments | $0 |
| Tax Assets | $223M |
| Other Non-Current Assets | $333M |
| TOTAL NON-CURRENT ASSETS | $10.5B |
| TOTAL ASSETS | $16.0B |
| Account Payables | $1.1B |
| Short-Term Debt | $634M |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $759M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $11.8B |
| Common Stock | $447M |
| Additional Paid-In Capital | $8.5B |
| Retained Earnings | -$3.2B |
| Treasury Stock | -$589M |
| Accum. Other Comp. Income | -$1.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $31M |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $16.0B |
| Total Debt | $6.9B |
| Net Debt | $6.4B |
