| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.8B | — | -5.7% | — |
| Op. Income | $776M | $908M | — | -14.5% | — |
| Gross Margin | 43.2% | 44.4% | — | -1.1pp | — |
| Net Margin | 18.8% | 20.5% | — | -1.7pp | — |
| EPS (Diluted) | $0.70 | $0.80 | — | -12.5% | — |
| Free Cash Flow | $682M | $701M | — | -2.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $508M |
| Selling & Marketing | $133M |
| General & Administrative | $113M |
| SG&A Expenses | $246M |
| Other Expenses | $0 |
| Operating Expenses | $754M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $776M |
| Interest Income | $43M |
| Interest Expense | $60M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $759M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $666M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $666M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $666M |
| D&A | $94M |
| EBIT | $819M |
| EBITDA | $911M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $508M |
| Selling & Marketing | $133M |
| General & Administrative | $113M |
| SG&A Expenses | $246M |
| Other Expenses | $0 |
| Operating Expenses | $754M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $776M |
| Interest Income | $43M |
| Interest Expense | $60M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $759M |
| Income Tax Expense | $93M |
| Net Income from Continuing Ops | $666M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $666M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $666M |
| D&A | $94M |
| EBIT | $819M |
| EBITDA | $911M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $666M |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $65M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $800M |
| Capital Expenditure | -$118M |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | -$430M |
| Sales/Maturities of Investments | $442M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$625M |
| Common Dividends Paid | -$189M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$747M |
| FREE CASH FLOW | $682M |
| Net Change in Cash | -$76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $507M |
| Net Receivables | $2.4B |
| Inventory | $3.7B |
| Other Current Assets | $387M |
| TOTAL CURRENT ASSETS | $10.1B |
| PP&E (Net) | $1.5B |
| Goodwill | $3.4B |
| Intangible Assets | $185M |
| Long-Term Investments | $1.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $8.7B |
| TOTAL ASSETS | $18.8B |
| Account Payables | $903M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $846M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $5.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $7.0B |
| TOTAL LIABILITIES | $10.6B |
| Common Stock | $9M |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | $23.5B |
| Treasury Stock | -$22.6B |
| Accum. Other Comp. Income | -$138M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.2B |
| TOTAL LIABILITIES & EQUITY | $18.8B |
| Total Debt | $5.3B |
| Net Debt | $2.2B |
