| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.9B | $12.0B | $11.6B | -0.4% | 3.0% |
| Op. Income | $808M | $1.2B | $685M | -29.9% | 18.0% |
| Gross Margin | 23.5% | 24.4% | 22.0% | -0.9pp | 1.4pp |
| Net Margin | 3.6% | 5.5% | 3.2% | -2.0pp | 0.3pp |
| EPS (Diluted) | $0.96 | $1.49 | $0.74 | -35.6% | 29.7% |
| Free Cash Flow | $22M | -$282M | -$1.1B | 107.8% | 102.0% |
| Item | Amount |
|---|---|
| REVENUE | $11.9B |
| Cost of Revenue | $9.1B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $424M |
| General & Administrative | $0 |
| SG&A Expenses | $424M |
| Other Expenses | $1.6B |
| Operating Expenses | $2.0B |
| Cost & Expenses | $11.1B |
| OPERATING INCOME | $808M |
| Interest Income | $34M |
| Interest Expense | $284M |
| Other Income/Expenses | -$251M |
| INCOME BEFORE TAX | $557M |
| Income Tax Expense | $132M |
| Net Income from Continuing Ops | $425M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $425M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $425M |
| D&A | $583M |
| EBIT | $841M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.9B |
| Cost of Revenue | $9.1B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $424M |
| General & Administrative | $0 |
| SG&A Expenses | $424M |
| Other Expenses | $1.6B |
| Operating Expenses | $2.0B |
| Cost & Expenses | $11.1B |
| OPERATING INCOME | $808M |
| Interest Income | $34M |
| Interest Expense | $284M |
| Other Income/Expenses | -$251M |
| INCOME BEFORE TAX | $557M |
| Income Tax Expense | $132M |
| Net Income from Continuing Ops | $425M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $425M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $425M |
| D&A | $583M |
| EBIT | $841M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $425M |
| Depreciation & Amortization | $583M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$180M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $828M |
| Capital Expenditure | -$806M |
| Acquisitions (Net) | $134M |
| Purchases of Investments | -$677M |
| Sales/Maturities of Investments | $913M |
| Other Investing Activities | -$33M |
| NET CASH FROM INVESTING | -$469M |
| Net Debt Issuance | -$121M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$45M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$366M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $642M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $312M |
| Short-Term Investments | $4.9B |
| Net Receivables | $1.9B |
| Inventory | $1.8B |
| Other Current Assets | $158M |
| TOTAL CURRENT ASSETS | $9.6B |
| PP&E (Net) | $43.5B |
| Goodwill | $4.1B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $666M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $51.6B |
| TOTAL ASSETS | $61.2B |
| Account Payables | $1.9B |
| Short-Term Debt | $3.6B |
| Deferred Revenue | $8.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.6B |
| Long-Term Debt | $21.6B |
| Deferred Revenue NC | $5.3B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $41.5B |
| TOTAL LIABILITIES | $61.0B |
| Common Stock | $4M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $160M |
| Minority Interest | $0 |
| TOTAL EQUITY | $160M |
| TOTAL LIABILITIES & EQUITY | $61.2B |
| Total Debt | $34.4B |
| Net Debt | $34.1B |
