| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $4.7B | $4.0B | -9.2% | 7.4% |
| Op. Income | $689M | $685M | $236M | 0.6% | 191.9% |
| Gross Margin | 16.0% | 14.4% | 5.9% | 1.6pp | 10.1pp |
| Net Margin | 8.7% | -76.2% | 3.4% | 84.9pp | 5.3pp |
| EPS (Diluted) | $0.57 | $-6.83 | $0.25 | 108.3% | 128.0% |
| Free Cash Flow | -$105M | -$1.4B | $1.0B | 92.3% | -110.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $689M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $689M |
| Interest Income | $16M |
| Interest Expense | $254M |
| Other Income/Expenses | -$351M |
| INCOME BEFORE TAX | $338M |
| Income Tax Expense | -$36M |
| Net Income from Continuing Ops | $374M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $374M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $371M |
| D&A | $855M |
| EBIT | $592M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $689M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $689M |
| Interest Income | $16M |
| Interest Expense | $254M |
| Other Income/Expenses | -$351M |
| INCOME BEFORE TAX | $338M |
| Income Tax Expense | -$36M |
| Net Income from Continuing Ops | $374M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $374M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $371M |
| D&A | $855M |
| EBIT | $592M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $374M |
| Depreciation & Amortization | $855M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $197M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $104M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$1.6B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$552M |
| Sales/Maturities of Investments | $533M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $500M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $509M |
| FREE CASH FLOW | -$105M |
| Net Change in Cash | $390M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $7.0B |
| Inventory | $644M |
| Other Current Assets | $974M |
| TOTAL CURRENT ASSETS | $10.6B |
| PP&E (Net) | $64.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.5B |
| TOTAL NON-CURRENT ASSETS | $76.1B |
| TOTAL ASSETS | $86.7B |
| Account Payables | $1.9B |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $8.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $505M |
| Other Non-Current Liabilities | $70.5B |
| TOTAL NON-CURRENT LIABILITIES | $72.7B |
| TOTAL LIABILITIES | $80.9B |
| Common Stock | $13.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$7.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $252M |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $86.7B |
| Total Debt | $4.2B |
| Net Debt | $2.2B |
