| Metric | Q2 2009 | Q1 2009 | Q2 2008 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.9B | — | -4.7% | — |
| Op. Income | -$75M | -$139M | — | 46.1% | — |
| Gross Margin | 3.6% | 4.0% | — | -0.4pp | — |
| Net Margin | -4.0% | -2.8% | — | -1.2pp | — |
| EPS (Diluted) | $-0.75 | $-0.55 | — | -35.5% | — |
| Free Cash Flow | $36M | $170M | — | -78.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $184M |
| Other Expenses | -$10M |
| Operating Expenses | $174M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | -$75M |
| Interest Income | $0 |
| Interest Expense | $61M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | -$143M |
| Income Tax Expense | -$35M |
| Net Income from Continuing Ops | -$108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$108M |
| D&A | $61M |
| EBIT | -$82M |
| EBITDA | -$21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$108M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $89M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $394M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$48M |
| NET CASH FROM FINANCING | $346M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $388M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $507M |
| Short-Term Investments | $0 |
| Net Receivables | $607M |
| Inventory | $1.8B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $2.4B |
| Goodwill | $824M |
| Intangible Assets | $392M |
| Long-Term Investments | $627M |
| Tax Assets | $0 |
| Other Non-Current Assets | $214M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $393M |
| Short-Term Debt | $299M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $743M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $72M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$65M |
| Accum. Other Comp. Income | -$293M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $19M |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $3.4B |
| Net Debt | $2.8B |
