Reported September 29, 2019
| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.0B | $2.0B | -3.5% | -4.4% |
| Op. Income | $650M | $588M | $656M | 10.4% | -0.9% |
| Gross Margin | 68.6% | 63.6% | 63.3% | 5.0pp | 5.3pp |
| Net Margin | 16.2% | 14.1% | 15.9% | 2.1pp | 0.3pp |
| EPS (Diluted) | $0.31 | $0.28 | $0.32 | 10.9% | -2.8% |
| Free Cash Flow | $151M | $323M | $62M | -53.2% | 144.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $604M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $55M |
| General & Administrative | $242M |
| SG&A Expenses | $297M |
| Other Expenses | $373M |
| Operating Expenses | $670M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $650M |
| Interest Income | $14M |
| Interest Expense | $68M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $594M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $445M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $311M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $311M |
| D&A | $335M |
| EBIT | $661M |
| EBITDA | $996M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $604M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $55M |
| General & Administrative | $242M |
| SG&A Expenses | $297M |
| Other Expenses | $373M |
| Operating Expenses | $670M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $650M |
| Interest Income | $14M |
| Interest Expense | $68M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $594M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $445M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $311M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $311M |
| D&A | $335M |
| EBIT | $661M |
| EBITDA | $996M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $311M |
| Depreciation & Amortization | $335M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$35M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $610M |
| Capital Expenditure | -$459M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $124M |
| NET CASH FROM INVESTING | -$335M |
| Net Debt Issuance | -$388M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$388M |
| FREE CASH FLOW | $151M |
| Net Change in Cash | -$119M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $868M |
| Short-Term Investments | $37M |
| Net Receivables | $856M |
| Inventory | $40M |
| Other Current Assets | $697M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $8.5B |
| Goodwill | $81M |
| Intangible Assets | $334M |
| Long-Term Investments | $170M |
| Tax Assets | $157M |
| Other Non-Current Assets | $539M |
| TOTAL NON-CURRENT ASSETS | $9.8B |
| TOTAL ASSETS | $12.4B |
| Account Payables | $793M |
| Short-Term Debt | $835M |
| Deferred Revenue | $390M |
| Other Current Liabilities | $3.3B |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $47M |
| Deferred Tax Liabilities | $74M |
| Other Non-Current Liabilities | $405M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $286M |
| Additional Paid-In Capital | $169M |
| Retained Earnings | $4.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $886M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $974M |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $12.4B |
| Total Debt | $2.9B |
| Net Debt | $2.1B |