| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.0B | $7.5B | $7.8B | 5.9% | 2.7% |
| Op. Income | $1.2B | $759M | $947M | 56.8% | 25.7% |
| Gross Margin | 52.6% | 51.6% | 51.2% | 1.0pp | 1.4pp |
| Net Margin | 12.6% | 8.9% | 9.4% | 3.7pp | 3.2pp |
| EPS (Diluted) | $0.56 | $0.38 | $0.41 | 47.4% | 36.6% |
| Free Cash Flow | $592M | $377M | $946M | 57.0% | -37.4% |
| Item | Amount |
|---|---|
| REVENUE | $8.0B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $577M |
| Selling & Marketing | $0 |
| General & Administrative | $2.4B |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $6.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $22M |
| Interest Expense | $264M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $96M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $751M |
| EBIT | $1.4B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.0B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $577M |
| Selling & Marketing | $0 |
| General & Administrative | $2.4B |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $6.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $22M |
| Interest Expense | $264M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $96M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $751M |
| EBIT | $1.4B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $751M |
| Stock-Based Compensation | $114M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$392M |
| Change in Working Capital | -$419M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$468M |
| Acquisitions (Net) | -$34M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$498M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$568M |
| Other Financing Activities | $117M |
| NET CASH FROM FINANCING | -$449M |
| FREE CASH FLOW | $592M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $239M |
| Net Receivables | $5.5B |
| Inventory | $4.4B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $15.2B |
| PP&E (Net) | $8.7B |
| Goodwill | $23.3B |
| Intangible Assets | $18.1B |
| Long-Term Investments | $851M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $53.2B |
| TOTAL ASSETS | $68.4B |
| Account Payables | $3.2B |
| Short-Term Debt | $415M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.3B |
| TOTAL CURRENT LIABILITIES | $9.1B |
| Long-Term Debt | $19.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.8B |
| TOTAL NON-CURRENT LIABILITIES | $27.5B |
| TOTAL LIABILITIES | $36.5B |
| Common Stock | $23.7B |
| Additional Paid-In Capital | $23.7B |
| Retained Earnings | $25.0B |
| Treasury Stock | -$9.7B |
| Accum. Other Comp. Income | -$7.4B |
| Other Equity | -$23.7B |
| TOTAL STOCKHOLDERS' EQUITY | $31.7B |
| Minority Interest | $208M |
| TOTAL EQUITY | $31.9B |
| TOTAL LIABILITIES & EQUITY | $68.4B |
| Total Debt | $20.1B |
| Net Debt | $16.9B |
