| Metric | Q2 2011 | Q1 2011 | Q2 2010 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $2.9B | -0.7% | 6.6% |
| Op. Income | $173M | $267M | $178M | -35.0% | -2.5% |
| Gross Margin | 13.2% | 14.6% | 12.7% | -1.5pp | 0.5pp |
| Net Margin | 2.7% | 3.2% | 2.6% | -0.5pp | 0.0pp |
| EPS (Diluted) | $0.49 | $0.59 | $0.46 | -16.8% | 6.5% |
| Free Cash Flow | -$127M | $161M | $72M | -178.9% | -276.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $407M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $239M |
| Other Expenses | -$5M |
| Operating Expenses | $234M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $173M |
| Interest Income | $0 |
| Interest Expense | $48M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $62M |
| EBIT | $172M |
| EBITDA | $234M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $407M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $239M |
| Other Expenses | -$5M |
| Operating Expenses | $234M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $173M |
| Interest Income | $0 |
| Interest Expense | $48M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $62M |
| EBIT | $172M |
| EBITDA | $234M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $82M |
| Depreciation & Amortization | $62M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$109M |
| Change in Working Capital | -$99M |
| OPERATING CASH FLOW | -$64M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$57M |
| Common Stock Repurchased | -$34M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$100M |
| FREE CASH FLOW | -$127M |
| Net Change in Cash | -$225M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $150M |
| Short-Term Investments | $0 |
| Net Receivables | $695M |
| Inventory | $2.0B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $2.3B |
| Goodwill | $786M |
| Intangible Assets | $386M |
| Long-Term Investments | $592M |
| Tax Assets | $0 |
| Other Non-Current Assets | $180M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $404M |
| Short-Term Debt | $51M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $716M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $83M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$67M |
| Accum. Other Comp. Income | -$238M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $3M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $2.1B |
| Net Debt | $1.9B |
