| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.9B | $2.0B | 8.8% | 5.8% |
| Op. Income | $194M | $276M | $259M | -29.7% | -25.1% |
| Gross Margin | 102.6% | 103.1% | 102.7% | -0.5pp | -0.0pp |
| Net Margin | 7.1% | 11.0% | 10.4% | -3.9pp | -3.3pp |
| EPS (Diluted) | $1.61 | $2.31 | $2.25 | -30.3% | -28.4% |
| Free Cash Flow | $814M | $423M | $454M | 92.4% | 79.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | -$54M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$1.9B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $194M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | -$194M |
| EBIT | $194M |
| EBITDA | $0 |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | -$54M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$1.9B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $194M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | -$194M |
| EBIT | $194M |
| EBITDA | $0 |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $147M |
| Depreciation & Amortization | $123M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $169M |
| Change in Working Capital | $370M |
| OPERATING CASH FLOW | $814M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$726M |
| NET CASH FROM INVESTING | -$726M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$360M |
| Other Financing Activities | $257M |
| NET CASH FROM FINANCING | $231M |
| FREE CASH FLOW | $814M |
| Net Change in Cash | $319M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $162M |
| Goodwill | $207M |
| Intangible Assets | $1.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $65.0B |
| TOTAL NON-CURRENT ASSETS | $66.4B |
| TOTAL ASSETS | $69.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$184M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $90M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $917M |
| Other Equity | $1.3B |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $2.5B |
| Net Debt | -$173M |
