| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $5.8B | $5.0B | -4.7% | 10.0% |
| Op. Income | $970M | $555M | $1.2B | 74.8% | -19.2% |
| Gross Margin | 56.0% | 55.4% | 50.9% | 0.6pp | 5.1pp |
| Net Margin | 12.5% | 8.1% | 74.2% | 4.4pp | -61.6pp |
| EPS (Diluted) | $0.16 | $0.11 | $0.83 | 45.5% | -80.7% |
| Free Cash Flow | $2.5B | $2.0B | $2.1B | 25.0% | 19.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $419M |
| SG&A Expenses | $419M |
| Other Expenses | $549M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $970M |
| Interest Income | $0 |
| Interest Expense | $376M |
| Other Income/Expenses | -$313M |
| INCOME BEFORE TAX | $657M |
| Income Tax Expense | -$36M |
| Net Income from Continuing Ops | $693M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $691M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $691M |
| D&A | $1.4B |
| EBIT | $1.0B |
| EBITDA | $2.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $419M |
| SG&A Expenses | $419M |
| Other Expenses | $549M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.5B |
| OPERATING INCOME | $970M |
| Interest Income | $0 |
| Interest Expense | $376M |
| Other Income/Expenses | -$313M |
| INCOME BEFORE TAX | $657M |
| Income Tax Expense | -$36M |
| Net Income from Continuing Ops | $693M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $691M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $691M |
| D&A | $1.4B |
| EBIT | $1.0B |
| EBITDA | $2.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $691M |
| Depreciation & Amortization | $1.4B |
| Stock-Based Compensation | $544M |
| Deferred Income Tax | -$94M |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $98M |
| OPERATING CASH FLOW | $2.7B |
| Capital Expenditure | -$125M |
| Acquisitions (Net) | -$16.0B |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $16.0B |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | -$59M |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2.3B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $235M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.3B |
| Short-Term Investments | $0 |
| Net Receivables | $3.5B |
| Inventory | $1.0B |
| Other Current Assets | $436M |
| TOTAL CURRENT ASSETS | $10.7B |
| PP&E (Net) | $2.7B |
| Goodwill | $36.7B |
| Intangible Assets | $20.2B |
| Long-Term Investments | $0 |
| Tax Assets | $1.9B |
| Other Non-Current Assets | -$1.1B |
| TOTAL NON-CURRENT ASSETS | $60.2B |
| TOTAL ASSETS | $70.9B |
| Account Payables | $759M |
| Short-Term Debt | $3.5B |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $8.5B |
| Long-Term Debt | $34.0B |
| Deferred Revenue NC | $442M |
| Deferred Tax Liabilities | $1.9B |
| Other Non-Current Liabilities | $3.9B |
| TOTAL NON-CURRENT LIABILITIES | $40.2B |
| TOTAL LIABILITIES | $48.7B |
| Common Stock | $22.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$116M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $22.2B |
| TOTAL LIABILITIES & EQUITY | $70.9B |
| Total Debt | $37.5B |
| Net Debt | $32.2B |
