| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | — | $2.3B | — | -5.4% |
| Op. Income | $439M | — | $1.2B | — | -64.3% |
| Gross Margin | 25.9% | — | 31.4% | — | -5.5pp |
| Net Margin | 12.2% | — | 39.9% | — | -27.8pp |
| EPS (Diluted) | $0.48 | — | $1.62 | — | -70.3% |
| Free Cash Flow | $58M | — | $215M | — | -73.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $575M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $113M |
| Operating Expenses | $136M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $439M |
| Interest Income | $7M |
| Interest Expense | $25M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $398M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $273M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $270M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $270M |
| D&A | $319M |
| EBIT | $409M |
| EBITDA | $728M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $575M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $113M |
| Operating Expenses | $136M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $439M |
| Interest Income | $7M |
| Interest Expense | $25M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $398M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $273M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $270M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $270M |
| D&A | $319M |
| EBIT | $409M |
| EBITDA | $728M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $270M |
| Depreciation & Amortization | $319M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $125M |
| Other Non-Cash Items | -$75M |
| Change in Working Capital | $138M |
| OPERATING CASH FLOW | $776M |
| Capital Expenditure | -$718M |
| Acquisitions (Net) | $116M |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | -$232M |
| NET CASH FROM INVESTING | -$735M |
| Net Debt Issuance | -$27M |
| Common Stock Repurchased | -$132M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | $191M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $1.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $24.1B |
| Goodwill | $810M |
| Intangible Assets | $0 |
| Long-Term Investments | $1.5B |
| Tax Assets | $117M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $26.6B |
| TOTAL ASSETS | $30.6B |
| Account Payables | $1.7B |
| Short-Term Debt | $22M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $88M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.8B |
| TOTAL NON-CURRENT LIABILITIES | $11.0B |
| TOTAL LIABILITIES | $12.9B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $157M |
| Retained Earnings | $12.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $307M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.1B |
| Minority Interest | $595M |
| TOTAL EQUITY | $17.7B |
| TOTAL LIABILITIES & EQUITY | $30.6B |
| Total Debt | $4.3B |
| Net Debt | $3.1B |
