| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $1.7B | 2.3% | 7.9% |
| Op. Income | $714M | $714M | $697M | 0.0% | 2.5% |
| Gross Margin | 40.1% | 41.0% | 42.0% | -0.8pp | -1.8pp |
| Net Margin | 21.0% | 22.1% | 21.4% | -1.2pp | -0.5pp |
| EPS (Diluted) | $0.50 | $0.52 | $0.48 | -3.8% | 4.2% |
| Free Cash Flow | $403M | $234M | $451M | 72.2% | -10.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $746M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $714M |
| Interest Income | $5M |
| Interest Expense | $84M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $632M |
| Income Tax Expense | $241M |
| Net Income from Continuing Ops | $391M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $390M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $390M |
| D&A | $200M |
| EBIT | $713M |
| EBITDA | $913M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $746M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $714M |
| Interest Income | $5M |
| Interest Expense | $84M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $632M |
| Income Tax Expense | $241M |
| Net Income from Continuing Ops | $391M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $390M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $390M |
| D&A | $200M |
| EBIT | $713M |
| EBITDA | $913M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $391M |
| Depreciation & Amortization | $200M |
| Stock-Based Compensation | $400.0K |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $585M |
| Capital Expenditure | -$183M |
| Acquisitions (Net) | -$117M |
| Purchases of Investments | $117M |
| Sales/Maturities of Investments | $117M |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | $987M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$309M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $668M |
| FREE CASH FLOW | $403M |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $2M |
| Net Receivables | $919M |
| Inventory | $1.1B |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $10.5B |
| Goodwill | $0 |
| Intangible Assets | $152M |
| Long-Term Investments | $108M |
| Tax Assets | $221M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $12.3B |
| TOTAL ASSETS | $16.5B |
| Account Payables | $575M |
| Short-Term Debt | $400M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $6.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $205M |
| Other Non-Current Liabilities | $452M |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $9.6B |
| Common Stock | $9M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $6.4B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.8B |
| Minority Interest | $49M |
| TOTAL EQUITY | $6.9B |
| TOTAL LIABILITIES & EQUITY | $16.5B |
| Total Debt | $8.0B |
| Net Debt | $6.1B |
