| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.3B | $7.8B | $8.3B | 5.5% | -0.3% |
| Op. Income | $3.4B | $3.0B | $2.8B | 13.0% | 23.1% |
| Gross Margin | 78.0% | 78.4% | 76.6% | -0.4pp | 1.3pp |
| Net Margin | 9.0% | 31.4% | 24.0% | -22.4pp | -15.0pp |
| EPS (Diluted) | $0.49 | $1.65 | $1.26 | -70.3% | -61.1% |
| Free Cash Flow | $2.3B | $2.9B | $2.8B | -19.3% | -14.6% |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $3.4B |
| Interest Income | $49M |
| Interest Expense | $358M |
| Other Income/Expenses | -$2.6B |
| INCOME BEFORE TAX | $807M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $741M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $741M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $733M |
| D&A | $502M |
| EBIT | $1.2B |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $3.4B |
| Interest Income | $49M |
| Interest Expense | $358M |
| Other Income/Expenses | -$2.6B |
| INCOME BEFORE TAX | $807M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $741M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $741M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $733M |
| D&A | $502M |
| EBIT | $1.2B |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $741M |
| Depreciation & Amortization | $502M |
| Stock-Based Compensation | $87M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.5B |
| Change in Working Capital | -$1.3B |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$128M |
| Acquisitions (Net) | -$120M |
| Purchases of Investments | -$364M |
| Sales/Maturities of Investments | $472M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$140M |
| Net Debt Issuance | -$197M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | -$278M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | $275M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.2B |
| Short-Term Investments | $244M |
| Net Receivables | $5.5B |
| Inventory | $1.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.1B |
| PP&E (Net) | $2.9B |
| Goodwill | $15.6B |
| Intangible Assets | $20.5B |
| Long-Term Investments | $1.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $42.0B |
| TOTAL ASSETS | $57.1B |
| Account Payables | $0 |
| Short-Term Debt | $5.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.2B |
| TOTAL CURRENT LIABILITIES | $16.9B |
| Long-Term Debt | $31.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $15.7B |
| TOTAL NON-CURRENT LIABILITIES | $48.8B |
| TOTAL LIABILITIES | $65.7B |
| Common Stock | $18M |
| Additional Paid-In Capital | $15.0B |
| Retained Earnings | $3.4B |
| Treasury Stock | -$24.5B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$8.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$8.6B |
| TOTAL LIABILITIES & EQUITY | $57.1B |
| Total Debt | $37.7B |
| Net Debt | $32.5B |
