| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.8B | $10.6B | $10.0B | 2.5% | 8.2% |
| Op. Income | $1.4B | $1.4B | $1.3B | -0.7% | 8.8% |
| Gross Margin | 59.0% | 59.3% | 58.0% | -0.3pp | 1.0pp |
| Net Margin | 7.3% | 7.4% | 5.5% | -0.1pp | 1.8pp |
| EPS (Diluted) | $0.93 | $0.92 | $0.63 | 1.1% | 47.6% |
| Free Cash Flow | -$470M | -$396M | $906M | -18.7% | -151.9% |
| Item | Amount |
|---|---|
| REVENUE | $10.8B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.3B |
| SG&A Expenses | $3.3B |
| Other Expenses | $1.6B |
| Operating Expenses | $5.0B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $1.4B |
| Interest Income | $5M |
| Interest Expense | $318M |
| Other Income/Expenses | -$310M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $335M |
| Net Income from Continuing Ops | $795M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $795M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $795M |
| D&A | $1.6B |
| EBIT | $1.4B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.8B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.3B |
| SG&A Expenses | $3.3B |
| Other Expenses | $1.6B |
| Operating Expenses | $5.0B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $1.4B |
| Interest Income | $5M |
| Interest Expense | $318M |
| Other Income/Expenses | -$310M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $335M |
| Net Income from Continuing Ops | $795M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $795M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $795M |
| D&A | $1.6B |
| EBIT | $1.4B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $795M |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $115M |
| Deferred Income Tax | $284M |
| Other Non-Cash Items | $190M |
| Change in Working Capital | -$2.1B |
| OPERATING CASH FLOW | $914M |
| Capital Expenditure | -$1.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.3B |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$747M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$758M |
| FREE CASH FLOW | -$470M |
| Net Change in Cash | $114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $329M |
| Short-Term Investments | $0 |
| Net Receivables | $4.0B |
| Inventory | $958M |
| Other Current Assets | $2.0B |
| TOTAL CURRENT ASSETS | $7.3B |
| PP&E (Net) | $22.5B |
| Goodwill | $1.9B |
| Intangible Assets | $35.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $62.9B |
| TOTAL ASSETS | $70.2B |
| Account Payables | $6.5B |
| Short-Term Debt | $783M |
| Deferred Revenue | $696M |
| Other Current Liabilities | $367M |
| TOTAL CURRENT LIABILITIES | $8.6B |
| Long-Term Debt | $12.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.4B |
| Other Non-Current Liabilities | $18.3B |
| TOTAL NON-CURRENT LIABILITIES | $37.3B |
| TOTAL LIABILITIES | $45.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $38.0B |
| Retained Earnings | -$13.6B |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $24.4B |
| TOTAL LIABILITIES & EQUITY | $70.2B |
| Total Debt | $15.3B |
| Net Debt | $15.0B |
