| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $490M | $512M | $493M | -4.3% | -0.5% |
| Op. Income | $50M | $58M | $61M | -14.3% | -17.9% |
| Gross Margin | 32.3% | 31.6% | 34.4% | 0.8pp | -2.1pp |
| Net Margin | 9.6% | 10.7% | 11.2% | -1.1pp | -1.6pp |
| EPS (Diluted) | $0.24 | $0.27 | $0.27 | -11.1% | -11.1% |
| Free Cash Flow | -$124M | $80M | $30M | -255.8% | -518.9% |
| Item | Amount |
|---|---|
| REVENUE | $490M |
| Cost of Revenue | $332M |
| GROSS PROFIT | $158M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $102M |
| Operating Expenses | $109M |
| Cost & Expenses | $440M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $36M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $82M |
| EBIT | $77M |
| EBITDA | $159M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $490M |
| Cost of Revenue | $332M |
| GROSS PROFIT | $158M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $102M |
| Operating Expenses | $109M |
| Cost & Expenses | $440M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $36M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $82M |
| EBIT | $77M |
| EBITDA | $159M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $82M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$500.0K |
| Other Non-Cash Items | $900.0K |
| Change in Working Capital | -$104M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$153M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$154M |
| Net Debt Issuance | $116M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$76M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | -$124M |
| Net Change in Cash | -$94M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $0 |
| Short-Term Investments | $0 |
| Net Receivables | $258M |
| Inventory | $161M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $454M |
| PP&E (Net) | $8.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $287M |
| TOTAL NON-CURRENT ASSETS | $10.3B |
| TOTAL ASSETS | $10.8B |
| Account Payables | $194M |
| Short-Term Debt | $366M |
| Deferred Revenue | $84M |
| Other Current Liabilities | $106M |
| TOTAL CURRENT LIABILITIES | $884M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $6.8B |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $10.8B |
| Total Debt | $3.3B |
| Net Debt | $3.3B |
