| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.6B | $2.1B | 21.1% | -6.2% |
| Op. Income | $363M | $311M | $290M | 16.8% | 25.3% |
| Gross Margin | 33.5% | 37.0% | 26.7% | -3.4pp | 6.8pp |
| Net Margin | 12.5% | 14.6% | 9.9% | -2.0pp | 2.7pp |
| EPS (Diluted) | $0.77 | $0.74 | $0.65 | 4.1% | 18.5% |
| Free Cash Flow | -$245M | -$107M | -$188M | -128.9% | -30.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $653M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $290M |
| Operating Expenses | $290M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $363M |
| Interest Income | $0 |
| Interest Expense | $127M |
| Other Income/Expenses | -$85M |
| INCOME BEFORE TAX | $278M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $300.0K |
| NET INCOME | $244M |
| Net Income Deductions | $300.0K |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $236M |
| EBIT | $405M |
| EBITDA | $641M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $653M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $290M |
| Operating Expenses | $290M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $363M |
| Interest Income | $0 |
| Interest Expense | $127M |
| Other Income/Expenses | -$85M |
| INCOME BEFORE TAX | $278M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $300.0K |
| NET INCOME | $244M |
| Net Income Deductions | $300.0K |
| BOTTOM LINE NET INCOME | $244M |
| D&A | $236M |
| EBIT | $405M |
| EBITDA | $641M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $244M |
| Depreciation & Amortization | $236M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $104M |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $505M |
| Capital Expenditure | -$749M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$760M |
| Net Debt Issuance | $465M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$186M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $271M |
| FREE CASH FLOW | -$245M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $550M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $23.6B |
| Goodwill | $3.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $32.9B |
| TOTAL ASSETS | $35.0B |
| Account Payables | $908M |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $551M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $11.2B |
| Deferred Revenue NC | $497M |
| Deferred Tax Liabilities | $3.8B |
| Other Non-Current Liabilities | $6.0B |
| TOTAL NON-CURRENT LIABILITIES | $21.5B |
| TOTAL LIABILITIES | $24.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $5.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.1B |
| Minority Interest | $111M |
| TOTAL EQUITY | $10.3B |
| TOTAL LIABILITIES & EQUITY | $35.0B |
| Total Debt | $12.7B |
| Net Debt | $12.7B |
