| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.0B | $10.6B | $11.6B | 13.0% | 2.7% |
| Op. Income | $1.2B | $375M | $1.0B | 207.5% | 14.8% |
| Gross Margin | 24.4% | 20.2% | 24.8% | 4.3pp | -0.3pp |
| Net Margin | 5.5% | 1.7% | 4.8% | 3.8pp | 0.8pp |
| EPS (Diluted) | $1.49 | $0.41 | $1.22 | 263.4% | 22.1% |
| Free Cash Flow | -$282M | $346M | $142M | -181.5% | -298.6% |
| Item | Amount |
|---|---|
| REVENUE | $12.0B |
| Cost of Revenue | $9.0B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $401M |
| General & Administrative | $0 |
| SG&A Expenses | $401M |
| Other Expenses | $1.4B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $10.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $35M |
| Interest Expense | $275M |
| Other Income/Expenses | -$271M |
| INCOME BEFORE TAX | $882M |
| Income Tax Expense | $220M |
| Net Income from Continuing Ops | $662M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $662M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $662M |
| D&A | $572M |
| EBIT | $1.2B |
| EBITDA | $1.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.0B |
| Cost of Revenue | $9.0B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $401M |
| General & Administrative | $0 |
| SG&A Expenses | $401M |
| Other Expenses | $1.4B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $10.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $35M |
| Interest Expense | $275M |
| Other Income/Expenses | -$271M |
| INCOME BEFORE TAX | $882M |
| Income Tax Expense | $220M |
| Net Income from Continuing Ops | $662M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $662M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $662M |
| D&A | $572M |
| EBIT | $1.2B |
| EBITDA | $1.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $662M |
| Depreciation & Amortization | $572M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$498M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $736M |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | $178M |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $560M |
| Other Investing Activities | -$21M |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | -$44M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | -$282M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $319M |
| Short-Term Investments | $5.1B |
| Net Receivables | $1.9B |
| Inventory | $1.7B |
| Other Current Assets | $157M |
| TOTAL CURRENT ASSETS | $9.8B |
| PP&E (Net) | $43.8B |
| Goodwill | $4.1B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $792M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $52.1B |
| TOTAL ASSETS | $62.0B |
| Account Payables | $2.1B |
| Short-Term Debt | $3.5B |
| Deferred Revenue | $9.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $20.1B |
| Long-Term Debt | $21.8B |
| Deferred Revenue NC | $5.2B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $41.9B |
| TOTAL LIABILITIES | $62.0B |
| Common Stock | $5M |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$22M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$22M |
| TOTAL LIABILITIES & EQUITY | $62.0B |
| Total Debt | $34.7B |
| Net Debt | $34.4B |
