| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.9B | $2.7B | 0.6% | 7.7% |
| Op. Income | $500M | $494M | $465M | 1.2% | 7.5% |
| Gross Margin | 54.0% | 55.8% | 56.3% | -1.8pp | -2.3pp |
| Net Margin | 13.2% | 20.2% | 13.9% | -7.1pp | -0.8pp |
| EPS (Diluted) | $0.97 | $1.46 | $0.88 | -33.6% | 10.2% |
| Free Cash Flow | $121M | -$214M | $451M | 156.5% | -73.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $46M |
| General & Administrative | $490M |
| SG&A Expenses | $536M |
| Other Expenses | $528M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $500M |
| Interest Income | $2.5B |
| Interest Expense | $1.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $500M |
| Income Tax Expense | $119M |
| Net Income from Continuing Ops | $381M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $381M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $381M |
| D&A | $384M |
| EBIT | $500M |
| EBITDA | $884M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $46M |
| General & Administrative | $490M |
| SG&A Expenses | $536M |
| Other Expenses | $528M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $500M |
| Interest Income | $2.5B |
| Interest Expense | $1.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $500M |
| Income Tax Expense | $119M |
| Net Income from Continuing Ops | $381M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $381M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $381M |
| D&A | $384M |
| EBIT | $500M |
| EBITDA | $884M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $381M |
| Depreciation & Amortization | $384M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $257M |
| Change in Working Capital | $267M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.5B |
| Sales/Maturities of Investments | $4.8B |
| Other Investing Activities | $230M |
| NET CASH FROM INVESTING | -$641M |
| Net Debt Issuance | -$3.1B |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$67M |
| Other Financing Activities | $2.9B |
| NET CASH FROM FINANCING | -$546M |
| FREE CASH FLOW | $121M |
| Net Change in Cash | $101M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $26.9B |
| Net Receivables | $712M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $31.2B |
| PP&E (Net) | $9.3B |
| Goodwill | $240M |
| Intangible Assets | $0 |
| Long-Term Investments | $134.3B |
| Tax Assets | $75M |
| Other Non-Current Assets | $6.4B |
| TOTAL NON-CURRENT ASSETS | $150.3B |
| TOTAL ASSETS | $181.5B |
| Account Payables | $2.1B |
| Short-Term Debt | $5.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $119.2B |
| TOTAL CURRENT LIABILITIES | $126.7B |
| Long-Term Debt | $35.7B |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.6B |
| TOTAL NON-CURRENT LIABILITIES | $40.3B |
| TOTAL LIABILITIES | $167.0B |
| Common Stock | $21.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$4.4B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | $190M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.4B |
| TOTAL LIABILITIES & EQUITY | $181.5B |
| Total Debt | $41.1B |
| Net Debt | $37.4B |
