| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.3B | $3.9B | 5.3% | 15.0% |
| Op. Income | $476M | $689M | $286M | -30.9% | 66.4% |
| Gross Margin | 10.5% | 16.0% | 7.3% | -5.5pp | 3.2pp |
| Net Margin | -43.4% | 8.7% | -64.6% | -52.1pp | 21.2pp |
| EPS (Diluted) | $-3.73 | $0.57 | $-4.83 | -754.4% | 22.8% |
| Free Cash Flow | -$3M | -$105M | -$673M | 97.1% | 99.6% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $476M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $476M |
| Interest Income | $12M |
| Interest Expense | $199M |
| Other Income/Expenses | -$1.9B |
| INCOME BEFORE TAX | -$1.4B |
| Income Tax Expense | $539M |
| Net Income from Continuing Ops | -$2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2.0B |
| D&A | $1.0B |
| EBIT | -$1.2B |
| EBITDA | -$183M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$2.0B |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $672M |
| Other Non-Cash Items | $1.7B |
| Change in Working Capital | $331M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$1.8B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$285M |
| Sales/Maturities of Investments | $254M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | $13.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $13.4B |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $13.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $968M |
| Short-Term Investments | $0 |
| Net Receivables | $7.7B |
| Inventory | $653M |
| Other Current Assets | $15.7B |
| TOTAL CURRENT ASSETS | $25.0B |
| PP&E (Net) | $65.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $15.5B |
| TOTAL NON-CURRENT ASSETS | $84.2B |
| TOTAL ASSETS | $109.2B |
| Account Payables | $3.4B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35.2B |
| TOTAL CURRENT LIABILITIES | $45.8B |
| Long-Term Debt | $34.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $22.0B |
| TOTAL NON-CURRENT LIABILITIES | $59.6B |
| TOTAL LIABILITIES | $105.4B |
| Common Stock | $13.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$9.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $252M |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $109.2B |
| Total Debt | $39.8B |
| Net Debt | $38.8B |
