| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.9B | $7.2B | $6.3B | -3.2% | 10.8% |
| Op. Income | $2.2B | $2.3B | $1.6B | -5.3% | 41.4% |
| Gross Margin | 62.3% | 61.3% | 57.2% | 0.9pp | 5.1pp |
| Net Margin | -24.6% | 10.6% | -3.3% | -35.2pp | -21.3pp |
| EPS (Diluted) | $-1.11 | $0.49 | $-0.12 | -326.9% | -794.1% |
| Free Cash Flow | $387M | $1.2B | $1.4B | -67.3% | -72.1% |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.1B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $176M |
| Other Income/Expenses | -$4.4B |
| INCOME BEFORE TAX | -$2.2B |
| Income Tax Expense | $536M |
| Net Income from Continuing Ops | -$1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.7B |
| D&A | $1.8B |
| EBIT | -$2.3B |
| EBITDA | -$468M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1.7B |
| Depreciation & Amortization | $4.5B |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | -$732M |
| Other Non-Cash Items | -$209M |
| Change in Working Capital | -$182M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $342M |
| Common Stock Repurchased | -$330M |
| Common Dividends Paid | -$471M |
| Other Financing Activities | $22M |
| NET CASH FROM FINANCING | -$437M |
| FREE CASH FLOW | $387M |
| Net Change in Cash | -$94M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $3.1B |
| Inventory | $2.7B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.2B |
| PP&E (Net) | $54.9B |
| Goodwill | $2.1B |
| Intangible Assets | $121M |
| Long-Term Investments | $211M |
| Tax Assets | $153M |
| Other Non-Current Assets | $661M |
| TOTAL NON-CURRENT ASSETS | $58.1B |
| TOTAL ASSETS | $65.4B |
| Account Payables | $4.8B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $882M |
| Other Current Liabilities | $461M |
| TOTAL CURRENT LIABILITIES | $7.7B |
| Long-Term Debt | $9.7B |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $7.4B |
| Other Non-Current Liabilities | $7.8B |
| TOTAL NON-CURRENT LIABILITIES | $26.9B |
| TOTAL LIABILITIES | $34.6B |
| Common Stock | $18.4B |
| Additional Paid-In Capital | $414M |
| Retained Earnings | $11.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $657M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $30.7B |
| TOTAL LIABILITIES & EQUITY | $65.4B |
| Total Debt | $13.1B |
| Net Debt | $11.7B |
