| Metric | Q1 2012 | Q4 2011 | Q1 2011 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.5B | $3.1B | -7.7% | 3.0% |
| Op. Income | $154M | $171M | $267M | -9.6% | -42.2% |
| Gross Margin | 10.7% | 10.9% | 14.6% | -0.2pp | -4.0pp |
| Net Margin | 2.5% | 2.3% | 3.2% | 0.2pp | -0.7pp |
| EPS (Diluted) | $0.00 | $0.49 | $0.59 | -100.0% | -100.0% |
| Free Cash Flow | $265M | $217M | $161M | 22.1% | 64.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $343M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $190M |
| Other Expenses | -$1M |
| Operating Expenses | $189M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $154M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $60M |
| EBIT | $154M |
| EBITDA | $215M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $343M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $190M |
| Other Expenses | -$1M |
| Operating Expenses | $189M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $154M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $60M |
| EBIT | $154M |
| EBITDA | $215M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $60M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $95M |
| Change in Working Capital | $124M |
| OPERATING CASH FLOW | $359M |
| Capital Expenditure | -$94M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$97M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | -$79M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $265M |
| Net Change in Cash | $161M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $324M |
| Short-Term Investments | $0 |
| Net Receivables | $625M |
| Inventory | $2.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $2.3B |
| Goodwill | $768M |
| Intangible Assets | $382M |
| Long-Term Investments | $523M |
| Tax Assets | $0 |
| Other Non-Current Assets | $173M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $416M |
| Short-Term Debt | $64M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $533M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $291M |
| Other Non-Current Liabilities | $704M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $79M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $2.3B |
| Treasury Stock | -$68M |
| Accum. Other Comp. Income | -$511M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $3M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $2.0B |
| Net Debt | $1.6B |
