| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $755M | $514M | $699M | 47.1% | 8.1% |
| Op. Income | $274M | $110M | $227M | 149.4% | 20.7% |
| Gross Margin | 51.8% | 41.9% | 47.4% | 9.9pp | 4.5pp |
| Net Margin | 33.2% | 19.5% | 29.4% | 13.7pp | 3.9pp |
| EPS (Diluted) | $1.25 | $0.50 | $1.02 | 150.0% | 22.5% |
| Free Cash Flow | $127M | -$62M | $218M | 306.2% | -41.5% |
| Item | Amount |
|---|---|
| REVENUE | $755M |
| Cost of Revenue | $364M |
| GROSS PROFIT | $392M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $116M |
| Operating Expenses | $117M |
| Cost & Expenses | $481M |
| OPERATING INCOME | $274M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $251M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $251M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $251M |
| D&A | $94M |
| EBIT | $312M |
| EBITDA | $406M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $755M |
| Cost of Revenue | $364M |
| GROSS PROFIT | $392M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $116M |
| Operating Expenses | $117M |
| Cost & Expenses | $481M |
| OPERATING INCOME | $274M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $251M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $251M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $251M |
| D&A | $94M |
| EBIT | $312M |
| EBITDA | $406M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $251M |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $27M |
| Other Non-Cash Items | -$46M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | $289M |
| Capital Expenditure | -$162M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$165M |
| Net Debt Issuance | -$38M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$73M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$111M |
| FREE CASH FLOW | $127M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $376M |
| Inventory | $137M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $549M |
| PP&E (Net) | $9.0B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $314M |
| TOTAL NON-CURRENT ASSETS | $10.5B |
| TOTAL ASSETS | $11.1B |
| Account Payables | $159M |
| Short-Term Debt | $169M |
| Deferred Revenue | $83M |
| Other Current Liabilities | $112M |
| TOTAL CURRENT LIABILITIES | $697M |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $11.1B |
| Total Debt | $3.4B |
| Net Debt | $3.4B |
