| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $3.6B | $2.6B | -29.6% | -3.9% |
| Op. Income | $326M | $501M | $364M | -34.9% | -10.4% |
| Gross Margin | 35.6% | 33.4% | 36.4% | 2.2pp | -0.7pp |
| Net Margin | 7.0% | 7.8% | 7.7% | -0.8pp | -0.7pp |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | NaN% | NaN% |
| Free Cash Flow | $213M | $149M | $306M | 43.0% | -30.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $891M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $447M |
| Other Expenses | $0 |
| Operating Expenses | $568M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $326M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $176M |
| D&A | $96M |
| EBIT | $326M |
| EBITDA | $422M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $891M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $447M |
| Other Expenses | $0 |
| Operating Expenses | $568M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $326M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $176M |
| D&A | $96M |
| EBIT | $326M |
| EBITDA | $422M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $176M |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$184M |
| Change in Working Capital | $170M |
| OPERATING CASH FLOW | $267M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$33M |
| NET CASH FROM INVESTING | -$87M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$354M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$280M |
| FREE CASH FLOW | $213M |
| Net Change in Cash | -$104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $439M |
| Short-Term Investments | $3M |
| Net Receivables | $1.4B |
| Inventory | $1.4B |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $1.3B |
| Goodwill | $6.0B |
| Intangible Assets | $3.9B |
| Long-Term Investments | $59M |
| Tax Assets | -$59M |
| Other Non-Current Assets | $96M |
| TOTAL NON-CURRENT ASSETS | $11.2B |
| TOTAL ASSETS | $14.6B |
| Account Payables | $789M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $916M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $876M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $8.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.1B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$150M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.5B |
| Minority Interest | $107M |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $14.6B |
| Total Debt | $5.0B |
| Net Debt | $4.6B |
