| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | $2.2B | 4.4% | 8.0% |
| Op. Income | $422M | $364M | $297M | 15.9% | 42.1% |
| Gross Margin | 32.4% | 31.6% | 30.4% | 0.8pp | 2.0pp |
| Net Margin | 13.5% | 11.5% | 9.8% | 2.0pp | 3.7pp |
| EPS (Diluted) | $2.60 | $2.11 | $1.75 | 23.2% | 48.6% |
| Free Cash Flow | $154M | $347M | $129M | -55.6% | 19.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $773M |
| R&D Expenses | $0 |
| Selling & Marketing | $77M |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $274M |
| Operating Expenses | $351M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $422M |
| Interest Income | $11M |
| Interest Expense | $14M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $416M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $106M |
| EBIT | $420M |
| EBITDA | $526M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $773M |
| R&D Expenses | $0 |
| Selling & Marketing | $77M |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $274M |
| Operating Expenses | $351M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $422M |
| Interest Income | $11M |
| Interest Expense | $14M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $416M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $106M |
| EBIT | $420M |
| EBITDA | $526M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $322M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$84M |
| OPERATING CASH FLOW | $348M |
| Capital Expenditure | -$194M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$561M |
| Sales/Maturities of Investments | $565M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$178M |
| Net Debt Issuance | $505M |
| Common Stock Repurchased | -$727M |
| Common Dividends Paid | -$33M |
| Other Financing Activities | $80M |
| NET CASH FROM FINANCING | -$175M |
| FREE CASH FLOW | $154M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $1.4B |
| Net Receivables | $377M |
| Inventory | $63M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $8.5B |
| Goodwill | $1.9B |
| Intangible Assets | $123M |
| Long-Term Investments | -$708M |
| Tax Assets | $708M |
| Other Non-Current Assets | $234M |
| TOTAL NON-CURRENT ASSETS | $10.8B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $120M |
| Short-Term Debt | $533M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $708M |
| Other Non-Current Liabilities | $680M |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $297M |
| Retained Earnings | $5.0B |
| Treasury Stock | -$621M |
| Accum. Other Comp. Income | -$421M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $3.4B |
| Net Debt | $3.1B |
