| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $457M | $350M | $760M | 30.7% | -39.8% |
| Op. Income | -$116M | -$156M | $146M | 26.0% | -179.0% |
| Gross Margin | -12.3% | -33.8% | 27.1% | 21.5pp | -39.4pp |
| Net Margin | 7.4% | -7.3% | 12.0% | 14.7pp | -4.7pp |
| EPS (Diluted) | $0.66 | $-0.51 | $1.79 | 229.4% | -63.1% |
| Free Cash Flow | $46M | $129M | $98M | -64.1% | -52.7% |
| Item | Amount |
|---|---|
| REVENUE | $457M |
| Cost of Revenue | $514M |
| GROSS PROFIT | -$56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $573M |
| OPERATING INCOME | -$116M |
| Interest Income | $1M |
| Interest Expense | $30M |
| Other Income/Expenses | $162M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $121M |
| EBIT | $76M |
| EBITDA | $198M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$99M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$374M |
| Sales/Maturities of Investments | $279M |
| Other Investing Activities | -$87M |
| NET CASH FROM INVESTING | -$191M |
| Net Debt Issuance | $101M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $100M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $418M |
| Short-Term Investments | $404M |
| Net Receivables | $36M |
| Inventory | $92M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $977M |
| PP&E (Net) | $5.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $277M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $244M |
| Short-Term Debt | $360M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $860M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $639M |
| Other Non-Current Liabilities | $145M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $704M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.1B |
| Treasury Stock | -$617M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $3.4B |
| Net Debt | $3.0B |
