| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.5B | $4.5B | 0.6% | -20.3% |
| Op. Income | $802M | $776M | $1.3B | 3.4% | -36.2% |
| Gross Margin | 43.7% | 43.2% | 45.4% | 0.5pp | -1.7pp |
| Net Margin | 16.0% | 18.8% | 26.3% | -2.8pp | -10.2pp |
| EPS (Diluted) | $0.61 | $0.70 | $1.01 | -12.9% | -39.6% |
| Free Cash Flow | $694M | $682M | $500M | 1.8% | 38.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $515M |
| Selling & Marketing | $128M |
| General & Administrative | $112M |
| SG&A Expenses | $240M |
| Other Expenses | $0 |
| Operating Expenses | $755M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $802M |
| Interest Income | $38M |
| Interest Expense | $58M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $782M |
| Income Tax Expense | $211M |
| Net Income from Continuing Ops | $571M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $571M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $571M |
| D&A | $89M |
| EBIT | $840M |
| EBITDA | $928M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $515M |
| Selling & Marketing | $128M |
| General & Administrative | $112M |
| SG&A Expenses | $240M |
| Other Expenses | $0 |
| Operating Expenses | $755M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $802M |
| Interest Income | $38M |
| Interest Expense | $58M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $782M |
| Income Tax Expense | $211M |
| Net Income from Continuing Ops | $571M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $571M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $571M |
| D&A | $89M |
| EBIT | $840M |
| EBITDA | $928M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $571M |
| Depreciation & Amortization | $89M |
| Stock-Based Compensation | $67M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $62M |
| OPERATING CASH FLOW | $787M |
| Capital Expenditure | -$93M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$543M |
| Sales/Maturities of Investments | $479M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$162M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$528M |
| Common Dividends Paid | -$196M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$727M |
| FREE CASH FLOW | $694M |
| Net Change in Cash | -$102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $547M |
| Net Receivables | $2.5B |
| Inventory | $3.5B |
| Other Current Assets | $453M |
| TOTAL CURRENT ASSETS | $10.0B |
| PP&E (Net) | $1.5B |
| Goodwill | $3.4B |
| Intangible Assets | $170M |
| Long-Term Investments | $1.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $18.8B |
| Account Payables | $890M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $836M |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $5.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $10.7B |
| Common Stock | $9M |
| Additional Paid-In Capital | $7.5B |
| Retained Earnings | $23.9B |
| Treasury Stock | -$23.1B |
| Accum. Other Comp. Income | -$137M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $18.8B |
| Total Debt | $5.3B |
| Net Debt | $2.3B |
