Reported June 29, 2018
| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $1.9B | -1.0% | -3.0% |
| Op. Income | $420M | $633M | $657M | -33.6% | -36.1% |
| Gross Margin | 60.4% | 65.8% | 67.3% | -5.3pp | -6.8pp |
| Net Margin | 9.3% | 17.7% | 16.4% | -8.5pp | -7.2pp |
| EPS (Diluted) | $0.17 | $0.34 | $0.32 | -48.3% | -45.3% |
| Free Cash Flow | -$68M | $219M | $74M | -131.1% | -192.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $737M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $63M |
| General & Administrative | $307M |
| SG&A Expenses | $371M |
| Other Expenses | $336M |
| Operating Expenses | $707M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $420M |
| Interest Income | $18M |
| Interest Expense | $51M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $387M |
| Income Tax Expense | $106M |
| Net Income from Continuing Ops | $281M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $288M |
| EBIT | $438M |
| EBITDA | $727M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $737M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $63M |
| General & Administrative | $307M |
| SG&A Expenses | $371M |
| Other Expenses | $336M |
| Operating Expenses | $707M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $420M |
| Interest Income | $18M |
| Interest Expense | $51M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $387M |
| Income Tax Expense | $106M |
| Net Income from Continuing Ops | $281M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $288M |
| EBIT | $438M |
| EBITDA | $727M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $172M |
| Depreciation & Amortization | $288M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$99M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $362M |
| Capital Expenditure | -$430M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$453M |
| Net Debt Issuance | $932M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$773M |
| Other Financing Activities | -$588M |
| NET CASH FROM FINANCING | -$621M |
| FREE CASH FLOW | -$68M |
| Net Change in Cash | -$706M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $979M |
| Short-Term Investments | $74M |
| Net Receivables | $920M |
| Inventory | $51M |
| Other Current Assets | $539M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $7.9B |
| Goodwill | $54M |
| Intangible Assets | $274M |
| Long-Term Investments | $136M |
| Tax Assets | $159M |
| Other Non-Current Assets | $546M |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $11.7B |
| Account Payables | $840M |
| Short-Term Debt | $860M |
| Deferred Revenue | $398M |
| Other Current Liabilities | $3.3B |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $43M |
| Other Non-Current Liabilities | $675M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $293M |
| Additional Paid-In Capital | $287M |
| Retained Earnings | $3.6B |
| Treasury Stock | -$148M |
| Accum. Other Comp. Income | $892M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $778M |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $11.7B |
| Total Debt | $3.1B |
| Net Debt | $2.1B |