| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.5B | — | -0.5% | — |
| Op. Income | $472M | $483M | — | -2.3% | — |
| Gross Margin | 66.3% | 66.6% | — | -0.2pp | — |
| Net Margin | 3.2% | 3.5% | — | -0.4pp | — |
| EPS (Diluted) | $0.12 | $0.13 | — | -7.7% | — |
| Free Cash Flow | $163M | $471M | — | -65.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $821M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.1B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $472M |
| Interest Income | $2M |
| Interest Expense | $389M |
| Other Income/Expenses | -$356M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $566M |
| EBIT | $484M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $821M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.1B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $472M |
| Interest Income | $2M |
| Interest Expense | $389M |
| Other Income/Expenses | -$356M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $566M |
| EBIT | $484M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $566M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $36M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$170M |
| OPERATING CASH FLOW | $541M |
| Capital Expenditure | -$378M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$373M |
| Net Debt Issuance | $368M |
| Common Stock Repurchased | -$487M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$131M |
| FREE CASH FLOW | $163M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $175M |
| Short-Term Investments | $0 |
| Net Receivables | $447M |
| Inventory | $261.0K |
| Other Current Assets | $261.0K |
| TOTAL CURRENT ASSETS | $818M |
| PP&E (Net) | $6.1B |
| Goodwill | $8.1B |
| Intangible Assets | $16.7B |
| Long-Term Investments | $1.9B |
| Tax Assets | -$1.9B |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $33.0B |
| TOTAL ASSETS | $33.8B |
| Account Payables | $879M |
| Short-Term Debt | $150M |
| Deferred Revenue | $108M |
| Other Current Liabilities | $317M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $23.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.8B |
| Other Non-Current Liabilities | $841M |
| TOTAL NON-CURRENT LIABILITIES | $29.8B |
| TOTAL LIABILITIES | $31.7B |
| Common Stock | $6M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $390M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $8M |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $33.8B |
| Total Debt | $24.3B |
| Net Debt | $24.2B |
