| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53.8B | $58.0B | $53.3B | -7.2% | 1.0% |
| Op. Income | $11.5B | $13.4B | $12.6B | -13.9% | -8.5% |
| Gross Margin | 37.6% | 37.6% | 38.3% | -0.0pp | -0.7pp |
| Net Margin | 18.7% | 19.9% | 21.6% | -1.3pp | -3.0pp |
| EPS (Diluted) | $0.55 | $0.61 | $0.59 | -9.8% | -6.8% |
| Free Cash Flow | $9.6B | $8.8B | $11.2B | 9.6% | -14.1% |
| Item | Amount |
|---|---|
| REVENUE | $53.8B |
| Cost of Revenue | $33.6B |
| GROSS PROFIT | $20.2B |
| R&D Expenses | $4.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.4B |
| Other Expenses | $0 |
| Operating Expenses | $8.7B |
| Cost & Expenses | $42.3B |
| OPERATING INCOME | $11.5B |
| Interest Income | $1.2B |
| Interest Expense | $866M |
| Other Income/Expenses | $367M |
| INCOME BEFORE TAX | $11.9B |
| Income Tax Expense | $1.9B |
| Net Income from Continuing Ops | $10.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10.0B |
| D&A | $2.9B |
| EBIT | $12.8B |
| EBITDA | $15.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $53.8B |
| Cost of Revenue | $33.6B |
| GROSS PROFIT | $20.2B |
| R&D Expenses | $4.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.4B |
| Other Expenses | $0 |
| Operating Expenses | $8.7B |
| Cost & Expenses | $42.3B |
| OPERATING INCOME | $11.5B |
| Interest Income | $1.2B |
| Interest Expense | $866M |
| Other Income/Expenses | $367M |
| INCOME BEFORE TAX | $11.9B |
| Income Tax Expense | $1.9B |
| Net Income from Continuing Ops | $10.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10.0B |
| D&A | $2.9B |
| EBIT | $12.8B |
| EBITDA | $15.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $10.0B |
| Depreciation & Amortization | $2.9B |
| Stock-Based Compensation | $1.5B |
| Deferred Income Tax | $86M |
| Other Non-Cash Items | -$125M |
| Change in Working Capital | -$2.8B |
| OPERATING CASH FLOW | $11.6B |
| Capital Expenditure | -$2.0B |
| Acquisitions (Net) | -$320M |
| Purchases of Investments | -$8.2B |
| Sales/Maturities of Investments | $38.3B |
| Other Investing Activities | -$298M |
| NET CASH FROM INVESTING | $27.5B |
| Net Debt Issuance | -$5.0B |
| Common Stock Repurchased | -$17.0B |
| Common Dividends Paid | -$3.6B |
| Other Financing Activities | -$1.2B |
| NET CASH FROM FINANCING | -$26.8B |
| FREE CASH FLOW | $9.6B |
| Net Change in Cash | $12.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50.5B |
| Short-Term Investments | $44.1B |
| Net Receivables | $26.5B |
| Inventory | $3.4B |
| Other Current Assets | $10.5B |
| TOTAL CURRENT ASSETS | $135.0B |
| PP&E (Net) | $37.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $116.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $33.6B |
| TOTAL NON-CURRENT ASSETS | $187.3B |
| TOTAL ASSETS | $322.2B |
| Account Payables | $29.1B |
| Short-Term Debt | $23.5B |
| Deferred Revenue | $5.4B |
| Other Current Liabilities | $31.7B |
| TOTAL CURRENT LIABILITIES | $89.7B |
| Long-Term Debt | $84.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $51.1B |
| TOTAL NON-CURRENT LIABILITIES | $136.1B |
| TOTAL LIABILITIES | $225.8B |
| Common Stock | $43.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $53.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$639M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $96.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $96.5B |
| TOTAL LIABILITIES & EQUITY | $322.2B |
| Total Debt | $108.4B |
| Net Debt | $57.9B |
