| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $548M | $542M | $524M | 1.1% | 4.6% |
| Op. Income | $97M | $88M | $75M | 10.2% | 29.3% |
| Gross Margin | 54.9% | 55.2% | 55.9% | -0.2pp | -1.0pp |
| Net Margin | 11.1% | 10.1% | 9.4% | 1.0pp | 1.8pp |
| EPS (Diluted) | $0.68 | $0.61 | $0.55 | 11.5% | 23.6% |
| Free Cash Flow | -$155M | $52M | -$100M | -398.1% | -55.0% |
| Item | Amount |
|---|---|
| REVENUE | $548M |
| Cost of Revenue | $247M |
| GROSS PROFIT | $301M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $135M |
| Operating Expenses | $204M |
| Cost & Expenses | $451M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $104M |
| EBIT | $95M |
| EBITDA | $199M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $548M |
| Cost of Revenue | $247M |
| GROSS PROFIT | $301M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $135M |
| Operating Expenses | $204M |
| Cost & Expenses | $451M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $104M |
| EBIT | $95M |
| EBITDA | $199M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $61M |
| Depreciation & Amortization | $104M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$128M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$199M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$198M |
| Net Debt Issuance | $220M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$35M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $173M |
| FREE CASH FLOW | -$155M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $253M |
| Inventory | $96M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $500M |
| PP&E (Net) | $6.8B |
| Goodwill | $0 |
| Intangible Assets | $392M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $682M |
| TOTAL NON-CURRENT ASSETS | $7.9B |
| TOTAL ASSETS | $8.4B |
| Account Payables | $165M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $231M |
| TOTAL CURRENT LIABILITIES | $519M |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $378M |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $2.8B |
| Net Debt | $2.8B |
