| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | — | $2.4B | — | 3.8% |
| Op. Income | $529M | — | $226M | — | 134.5% |
| Gross Margin | 67.4% | — | 67.7% | — | -0.3pp |
| Net Margin | 8.7% | — | 95.3% | — | -86.6pp |
| EPS (Diluted) | $0.30 | — | $3.04 | — | -90.1% |
| Free Cash Flow | $417M | — | $557M | — | -25.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $800M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $250M |
| Other Expenses | $876M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $529M |
| Interest Income | $1M |
| Interest Expense | $399M |
| Other Income/Expenses | -$383M |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | -$68M |
| Net Income from Continuing Ops | $214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $555M |
| EBIT | $528M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $800M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $250M |
| Other Expenses | $876M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $529M |
| Interest Income | $1M |
| Interest Expense | $399M |
| Other Income/Expenses | -$383M |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | -$68M |
| Net Income from Continuing Ops | $214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $555M |
| EBIT | $528M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $214M |
| Depreciation & Amortization | $555M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$82M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $738M |
| Capital Expenditure | -$321M |
| Acquisitions (Net) | $14M |
| Purchases of Investments | $3M |
| Sales/Maturities of Investments | -$249M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$306M |
| Net Debt Issuance | -$346M |
| Common Stock Repurchased | -$273M |
| Common Dividends Paid | -$125M |
| Other Financing Activities | $125M |
| NET CASH FROM FINANCING | -$619M |
| FREE CASH FLOW | $417M |
| Net Change in Cash | -$187M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $299M |
| Short-Term Investments | $0 |
| Net Receivables | $466M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $903M |
| PP&E (Net) | $5.8B |
| Goodwill | $8.0B |
| Intangible Assets | $17.2B |
| Long-Term Investments | $1.5B |
| Tax Assets | -$1.4B |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $32.7B |
| TOTAL ASSETS | $33.6B |
| Account Payables | $858M |
| Short-Term Debt | $153M |
| Deferred Revenue | $140M |
| Other Current Liabilities | $699M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $22.6B |
| Deferred Revenue NC | $360M |
| Deferred Tax Liabilities | $4.7B |
| Other Non-Current Liabilities | $175M |
| TOTAL NON-CURRENT LIABILITIES | $27.9B |
| TOTAL LIABILITIES | $29.9B |
| Common Stock | $7M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $252M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $9M |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $33.6B |
| Total Debt | $22.8B |
| Net Debt | $22.5B |
