| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.4B | $1.8B | 4.7% | 39.9% |
| Op. Income | $183M | $217M | $78M | -15.5% | 134.1% |
| Gross Margin | 40.9% | 42.7% | 47.5% | -1.8pp | -6.6pp |
| Net Margin | 5.7% | 6.8% | 3.7% | -1.2pp | 2.0pp |
| EPS (Diluted) | $2.21 | $2.52 | $1.09 | -12.3% | 102.8% |
| Free Cash Flow | $454M | $214M | $226M | 111.7% | 100.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $855M |
| Operating Expenses | $855M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $183M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $183M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $140M |
| D&A | $30M |
| EBIT | $210M |
| EBITDA | $240M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $855M |
| Operating Expenses | $855M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $183M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $183M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $140M |
| D&A | $30M |
| EBIT | $210M |
| EBITDA | $240M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $52M |
| Change in Working Capital | $222M |
| OPERATING CASH FLOW | $479M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$162M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$102M |
| FREE CASH FLOW | $454M |
| Net Change in Cash | $216M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $12.6B |
| Net Receivables | $10.9B |
| Inventory | $0 |
| Other Current Assets | -$25.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $419M |
| Goodwill | $2.3B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $15.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$20.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $43.1B |
| Account Payables | $3.0B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.5B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $37.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | $6.0B |
| Treasury Stock | -$5.1B |
| Accum. Other Comp. Income | $329M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $30M |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $43.1B |
| Total Debt | $2.0B |
| Net Debt | $517M |
