| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.7B | $2.9B | -18.8% | -22.6% |
| Op. Income | $503M | $793M | $699M | -36.6% | -28.1% |
| Gross Margin | 22.6% | 45.6% | 38.6% | -23.0pp | -16.1pp |
| Net Margin | 11.8% | 15.8% | 12.7% | -4.0pp | -0.9pp |
| EPS (Diluted) | $0.67 | $0.83 | $0.74 | -19.3% | -8.9% |
| Free Cash Flow | $209M | $463M | $144M | -54.8% | 45.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $503M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $503M |
| Interest Income | $7M |
| Interest Expense | $157M |
| Other Income/Expenses | -$144M |
| INCOME BEFORE TAX | $358M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $370M |
| EBIT | $475M |
| EBITDA | $845M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $503M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $503M |
| Interest Income | $7M |
| Interest Expense | $157M |
| Other Income/Expenses | -$144M |
| INCOME BEFORE TAX | $358M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $370M |
| EBIT | $475M |
| EBITDA | $845M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $264M |
| Depreciation & Amortization | $370M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $250M |
| Other Non-Cash Items | -$306M |
| Change in Working Capital | $79M |
| OPERATING CASH FLOW | $657M |
| Capital Expenditure | -$448M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $73M |
| NET CASH FROM INVESTING | -$391M |
| Net Debt Issuance | $260M |
| Common Stock Repurchased | -$203M |
| Common Dividends Paid | -$144M |
| Other Financing Activities | -$48M |
| NET CASH FROM FINANCING | -$136M |
| FREE CASH FLOW | $209M |
| Net Change in Cash | $134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $361M |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $336M |
| Other Current Assets | $457M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $10.2B |
| Goodwill | $2.9B |
| Intangible Assets | $6.5B |
| Long-Term Investments | $2.1B |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $201M |
| TOTAL NON-CURRENT ASSETS | $23.3B |
| TOTAL ASSETS | $27.1B |
| Account Payables | $2.1B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $164M |
| Other Current Liabilities | $140M |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $11.7B |
| Deferred Revenue NC | $92M |
| Deferred Tax Liabilities | $2.5B |
| Other Non-Current Liabilities | $449M |
| TOTAL NON-CURRENT LIABILITIES | $15.8B |
| TOTAL LIABILITIES | $20.2B |
| Common Stock | $342M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.9B |
| TOTAL LIABILITIES & EQUITY | $27.1B |
| Total Debt | $14.6B |
| Net Debt | $14.2B |
