| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $724M | $803M | $783M | -9.9% | -7.6% |
| Op. Income | $96M | $122M | $88M | -20.6% | 9.3% |
| Gross Margin | 25.1% | 23.4% | 20.0% | 1.7pp | 5.1pp |
| Net Margin | 12.2% | 8.4% | 6.9% | 3.8pp | 5.2pp |
| EPS (Diluted) | $1.69 | $1.28 | $1.03 | 32.0% | 64.1% |
| Free Cash Flow | -$95M | -$25M | -$42M | -282.4% | -124.0% |
| Item | Amount |
|---|---|
| REVENUE | $724M |
| Cost of Revenue | $542M |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $47M |
| Operating Expenses | $63M |
| Cost & Expenses | $605M |
| OPERATING INCOME | $96M |
| Interest Income | $4M |
| Interest Expense | $33M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $90M |
| EBIT | $147M |
| EBITDA | $237M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $724M |
| Cost of Revenue | $542M |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $47M |
| Operating Expenses | $63M |
| Cost & Expenses | $605M |
| OPERATING INCOME | $96M |
| Interest Income | $4M |
| Interest Expense | $33M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $90M |
| EBIT | $147M |
| EBITDA | $237M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $88M |
| Depreciation & Amortization | $90M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $233M |
| Change in Working Capital | -$260M |
| OPERATING CASH FLOW | $155M |
| Capital Expenditure | -$249M |
| Acquisitions (Net) | $53M |
| Purchases of Investments | -$498M |
| Sales/Maturities of Investments | $606M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$77M |
| Net Debt Issuance | -$78M |
| Common Stock Repurchased | -$34M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$116M |
| FREE CASH FLOW | -$95M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $291M |
| Short-Term Investments | $253M |
| Net Receivables | $100M |
| Inventory | $113M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $781M |
| PP&E (Net) | $5.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $340M |
| Short-Term Debt | $363M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $945M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $541M |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $693M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.8B |
| Treasury Stock | -$537M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $3.4B |
| Net Debt | $3.2B |
