| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.6B | -0.9% | -2.4% |
| Op. Income | $470M | $456M | $503M | 3.0% | -6.5% |
| Gross Margin | 67.7% | 67.5% | 68.6% | 0.3pp | -0.9pp |
| Net Margin | 24.1% | 23.0% | 25.6% | 1.1pp | -1.5pp |
| EPS (Diluted) | $0.98 | $0.95 | $1.06 | 3.2% | -7.5% |
| Free Cash Flow | $596M | $281M | $665M | 112.2% | -10.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $493M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $286M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $115M |
| Operating Expenses | $564M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $470M |
| Interest Income | $3M |
| Interest Expense | $60M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | $408M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $368M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $368M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $367M |
| D&A | $201M |
| EBIT | $468M |
| EBITDA | $669M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $493M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $286M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $115M |
| Operating Expenses | $564M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $470M |
| Interest Income | $3M |
| Interest Expense | $60M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | $408M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $368M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $368M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $367M |
| D&A | $201M |
| EBIT | $468M |
| EBITDA | $669M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $368M |
| Depreciation & Amortization | $201M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | -$37M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $87M |
| OPERATING CASH FLOW | $671M |
| Capital Expenditure | -$75M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $637.0K |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | -$250M |
| Common Stock Repurchased | -$102M |
| Common Dividends Paid | -$200M |
| Other Financing Activities | $62M |
| NET CASH FROM FINANCING | -$489M |
| FREE CASH FLOW | $596M |
| Net Change in Cash | $108M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $714M |
| Short-Term Investments | $0 |
| Net Receivables | $686M |
| Inventory | $608M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $1.2B |
| Goodwill | $12.3B |
| Intangible Assets | $4.5B |
| Long-Term Investments | $32M |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $103M |
| TOTAL NON-CURRENT ASSETS | $19.7B |
| TOTAL ASSETS | $21.8B |
| Account Payables | $208M |
| Short-Term Debt | $374M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $828M |
| TOTAL NON-CURRENT LIABILITIES | $8.7B |
| TOTAL LIABILITIES | $10.0B |
| Common Stock | $62M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $6.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$96M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.7B |
| TOTAL LIABILITIES & EQUITY | $21.8B |
| Total Debt | $6.0B |
| Net Debt | $5.3B |
