| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.6B | -0.4% | -2.5% |
| Op. Income | $330M | $366M | $346M | -9.8% | -4.6% |
| Gross Margin | 35.5% | 37.2% | 36.3% | -1.7pp | -0.8pp |
| Net Margin | 6.9% | 8.2% | 6.6% | -1.2pp | 0.3pp |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | NaN% | NaN% |
| Free Cash Flow | $247M | $333M | $202M | -25.8% | 22.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $889M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $447M |
| Other Expenses | $0 |
| Operating Expenses | $559M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $330M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $188M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $174M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $174M |
| D&A | $92M |
| EBIT | $330M |
| EBITDA | $422M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $889M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $447M |
| Other Expenses | $0 |
| Operating Expenses | $559M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $330M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $188M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $174M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $174M |
| D&A | $92M |
| EBIT | $330M |
| EBITDA | $422M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $174M |
| Depreciation & Amortization | $92M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $216M |
| Change in Working Capital | -$173M |
| OPERATING CASH FLOW | $319M |
| Capital Expenditure | -$72M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$72M |
| Net Debt Issuance | $43M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$229M |
| Other Financing Activities | $44M |
| NET CASH FROM FINANCING | -$142M |
| FREE CASH FLOW | $247M |
| Net Change in Cash | $101M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $551M |
| Short-Term Investments | $1M |
| Net Receivables | $1.2B |
| Inventory | $1.4B |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $1.4B |
| Goodwill | $6.0B |
| Intangible Assets | $3.8B |
| Long-Term Investments | $27M |
| Tax Assets | -$27M |
| Other Non-Current Assets | $117M |
| TOTAL NON-CURRENT ASSETS | $11.3B |
| TOTAL ASSETS | $14.6B |
| Account Payables | $868M |
| Short-Term Debt | $0 |
| Deferred Revenue | -$14M |
| Other Current Liabilities | $515M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $883M |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $7.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.2B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$174M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $123M |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $14.6B |
| Total Debt | $5.3B |
| Net Debt | $4.8B |
