| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.1B | $8.0B | $7.7B | 1.2% | 5.5% |
| Op. Income | $1.2B | $1.2B | $1.1B | 1.0% | 14.5% |
| Gross Margin | 52.1% | 52.6% | 52.0% | -0.5pp | 0.1pp |
| Net Margin | 11.9% | 12.6% | 7.4% | -0.7pp | 4.5pp |
| EPS (Diluted) | $0.54 | $0.56 | $0.32 | -3.6% | 68.8% |
| Free Cash Flow | $1.5B | $592M | $1.8B | 161.3% | -15.4% |
| Item | Amount |
|---|---|
| REVENUE | $8.1B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $594M |
| Selling & Marketing | $0 |
| General & Administrative | $2.4B |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $1.2B |
| Interest Income | $24M |
| Interest Expense | $202M |
| Other Income/Expenses | -$99M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $143M |
| Net Income from Continuing Ops | $960M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $960M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $960M |
| D&A | $754M |
| EBIT | $1.3B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.1B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $594M |
| Selling & Marketing | $0 |
| General & Administrative | $2.4B |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $1.2B |
| Interest Income | $24M |
| Interest Expense | $202M |
| Other Income/Expenses | -$99M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $143M |
| Net Income from Continuing Ops | $960M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $960M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $960M |
| D&A | $754M |
| EBIT | $1.3B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $960M |
| Depreciation & Amortization | $754M |
| Stock-Based Compensation | $94M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $352M |
| Change in Working Capital | -$212M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$401M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$432M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$569M |
| Other Financing Activities | $47M |
| NET CASH FROM FINANCING | -$513M |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | $954M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.1B |
| Short-Term Investments | $244M |
| Net Receivables | $5.5B |
| Inventory | $4.4B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $16.1B |
| PP&E (Net) | $8.7B |
| Goodwill | $23.0B |
| Intangible Assets | $17.5B |
| Long-Term Investments | $874M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $52.4B |
| TOTAL ASSETS | $68.5B |
| Account Payables | $3.0B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.5B |
| TOTAL CURRENT LIABILITIES | $10.5B |
| Long-Term Debt | $17.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.7B |
| TOTAL NON-CURRENT LIABILITIES | $26.0B |
| TOTAL LIABILITIES | $36.5B |
| Common Stock | $23.8B |
| Additional Paid-In Capital | $23.8B |
| Retained Earnings | $25.4B |
| Treasury Stock | -$9.6B |
| Accum. Other Comp. Income | -$7.8B |
| Other Equity | -$23.8B |
| TOTAL STOCKHOLDERS' EQUITY | $31.8B |
| Minority Interest | $202M |
| TOTAL EQUITY | $32.0B |
| TOTAL LIABILITIES & EQUITY | $68.5B |
| Total Debt | $20.0B |
| Net Debt | $15.9B |
