| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | — | -3.0% | — |
| Op. Income | $447M | $470M | — | -4.9% | — |
| Gross Margin | 67.4% | 67.7% | — | -0.3pp | — |
| Net Margin | 24.5% | 24.1% | — | 0.4pp | — |
| EPS (Diluted) | $0.97 | $0.98 | — | -1.0% | — |
| Free Cash Flow | $494M | $596M | — | -17.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $482M |
| GROSS PROFIT | $998M |
| R&D Expenses | $280M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $108M |
| Operating Expenses | $551M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $447M |
| Interest Income | $3M |
| Interest Expense | $60M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $390M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $362M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $362M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $362M |
| D&A | $204M |
| EBIT | $449M |
| EBITDA | $654M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $482M |
| GROSS PROFIT | $998M |
| R&D Expenses | $280M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $108M |
| Operating Expenses | $551M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $447M |
| Interest Income | $3M |
| Interest Expense | $60M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $390M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $362M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $362M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $362M |
| D&A | $204M |
| EBIT | $449M |
| EBITDA | $654M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $362M |
| Depreciation & Amortization | $204M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$34M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $553M |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$547.0K |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$300M |
| Common Stock Repurchased | -$112M |
| Common Dividends Paid | -$200M |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | -$595M |
| FREE CASH FLOW | $494M |
| Net Change in Cash | -$101M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $612M |
| Short-Term Investments | $0 |
| Net Receivables | $690M |
| Inventory | $638M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $1.2B |
| Goodwill | $12.2B |
| Intangible Assets | $4.3B |
| Long-Term Investments | $32M |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $106M |
| TOTAL NON-CURRENT ASSETS | $19.6B |
| TOTAL ASSETS | $21.6B |
| Account Payables | $220M |
| Short-Term Debt | $411M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $5.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $843M |
| TOTAL NON-CURRENT LIABILITIES | $8.3B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $62M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $6.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$154M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.8B |
| TOTAL LIABILITIES & EQUITY | $21.6B |
| Total Debt | $5.7B |
| Net Debt | $5.1B |
