| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | — | -1.6% | — |
| Op. Income | $384M | $464M | — | -17.2% | — |
| Gross Margin | 76.9% | 77.6% | — | -0.7pp | — |
| Net Margin | 1.6% | 3.1% | — | -1.5pp | — |
| EPS (Diluted) | $0.50 | $1.00 | — | -50.0% | — |
| Free Cash Flow | $363M | $309M | — | 17.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $514M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $723M |
| Other Expenses | $603M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $384M |
| Interest Income | $16M |
| Interest Expense | $249M |
| Other Income/Expenses | -$253M |
| INCOME BEFORE TAX | $131M |
| Income Tax Expense | $100M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $500M |
| EBIT | $487M |
| EBITDA | $987M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $514M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $723M |
| Other Expenses | $603M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $384M |
| Interest Income | $16M |
| Interest Expense | $249M |
| Other Income/Expenses | -$253M |
| INCOME BEFORE TAX | $131M |
| Income Tax Expense | $100M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $500M |
| EBIT | $487M |
| EBITDA | $987M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $500M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $180M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $735M |
| Capital Expenditure | -$372M |
| Acquisitions (Net) | -$599M |
| Purchases of Investments | $16M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $448M |
| NET CASH FROM INVESTING | -$507M |
| Net Debt Issuance | $109M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$225M |
| Other Financing Activities | -$173M |
| NET CASH FROM FINANCING | -$289M |
| FREE CASH FLOW | $363M |
| Net Change in Cash | -$682M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $70M |
| Net Receivables | $661M |
| Inventory | $167M |
| Other Current Assets | $338M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $7.0B |
| Goodwill | $3.9B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $0 |
| Tax Assets | $135M |
| Other Non-Current Assets | $394M |
| TOTAL NON-CURRENT ASSETS | $13.1B |
| TOTAL ASSETS | $15.7B |
| Account Payables | $1.4B |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $144M |
| Other Non-Current Liabilities | $161M |
| TOTAL NON-CURRENT LIABILITIES | $7.7B |
| TOTAL LIABILITIES | $13.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $12.8B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $934M |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $15.7B |
| Total Debt | $10.3B |
| Net Debt | $8.9B |
