| Metric | Q4 2011 | Q3 2011 | Q4 2010 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.3B | $3.2B | 5.0% | 9.2% |
| Op. Income | $171M | $225M | $373M | -24.1% | -54.3% |
| Gross Margin | 10.9% | 12.7% | 14.3% | -1.7pp | -3.4pp |
| Net Margin | 2.3% | 3.6% | 6.4% | -1.4pp | -4.1pp |
| EPS (Diluted) | $0.49 | $0.74 | $1.21 | -33.8% | -59.5% |
| Free Cash Flow | $217M | -$79M | $109M | 376.6% | 99.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $380M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $22M |
| Operating Expenses | $209M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $171M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $60M |
| EBIT | $166M |
| EBITDA | $226M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $380M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $22M |
| Operating Expenses | $209M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $171M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $60M |
| EBIT | $166M |
| EBITDA | $226M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $79M |
| Depreciation & Amortization | $60M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $36M |
| Change in Working Capital | $102M |
| OPERATING CASH FLOW | $277M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$65M |
| Net Debt Issuance | -$183M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$182M |
| FREE CASH FLOW | $217M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $164M |
| Short-Term Investments | $0 |
| Net Receivables | $666M |
| Inventory | $2.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $2.2B |
| Goodwill | $767M |
| Intangible Assets | $383M |
| Long-Term Investments | $506M |
| Tax Assets | $0 |
| Other Non-Current Assets | $169M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $396M |
| Short-Term Debt | $71M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $672M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $81M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $2.3B |
| Treasury Stock | -$68M |
| Accum. Other Comp. Income | -$381M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $3M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
