| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.9B | $2.8B | 1.3% | 3.9% |
| Op. Income | -$335M | $397M | $407M | -184.4% | -182.4% |
| Gross Margin | 99.9% | 97.2% | 95.1% | 2.7pp | 4.9pp |
| Net Margin | -9.7% | 9.9% | 8.9% | -19.6pp | -18.7pp |
| EPS (Diluted) | $-1.30 | $1.29 | $1.12 | -200.8% | -216.1% |
| Free Cash Flow | $351M | $366M | $210M | -4.0% | 67.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $224M |
| Other Expenses | -$3.3B |
| Operating Expenses | $3.3B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | -$335M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$3.1B |
| INCOME BEFORE TAX | -$378M |
| Income Tax Expense | -$93M |
| Net Income from Continuing Ops | -$285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$285M |
| D&A | $335M |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$285M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$51M |
| Change in Working Capital | $697M |
| OPERATING CASH FLOW | $387M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $50M |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$57M |
| Other Financing Activities | -$216M |
| NET CASH FROM FINANCING | -$287M |
| FREE CASH FLOW | $351M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $214M |
| PP&E (Net) | $521M |
| Goodwill | $346M |
| Intangible Assets | $2.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $58.9B |
| TOTAL NON-CURRENT ASSETS | $62.0B |
| TOTAL ASSETS | $62.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $31M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $9.7B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$869M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.5B |
| TOTAL LIABILITIES & EQUITY | $11.5B |
| Total Debt | $3.0B |
| Net Debt | $2.8B |
