| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.7B | $5.9B | $5.5B | -2.0% | 4.1% |
| Op. Income | $766M | $714M | $970M | 7.3% | -21.0% |
| Gross Margin | 55.5% | 55.7% | 56.0% | -0.2pp | -0.5pp |
| Net Margin | 9.8% | 6.6% | 12.5% | 3.2pp | -2.7pp |
| EPS (Diluted) | $0.12 | $0.07 | $0.16 | 62.2% | -25.0% |
| Free Cash Flow | $3.1B | $2.2B | $2.5B | 38.4% | 20.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $501M |
| SG&A Expenses | $501M |
| Other Expenses | $653M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $766M |
| Interest Income | $0 |
| Interest Expense | $487M |
| Other Income/Expenses | -$357M |
| INCOME BEFORE TAX | $409M |
| Income Tax Expense | -$159M |
| Net Income from Continuing Ops | $568M |
| Net Income from Discontinued Ops | -$5M |
| Other Adjustments | $0 |
| NET INCOME | $563M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $488M |
| D&A | $1.7B |
| EBIT | $896M |
| EBITDA | $2.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $501M |
| SG&A Expenses | $501M |
| Other Expenses | $653M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $766M |
| Interest Income | $0 |
| Interest Expense | $487M |
| Other Income/Expenses | -$357M |
| INCOME BEFORE TAX | $409M |
| Income Tax Expense | -$159M |
| Net Income from Continuing Ops | $568M |
| Net Income from Discontinued Ops | -$5M |
| Other Adjustments | $0 |
| NET INCOME | $563M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $488M |
| D&A | $1.7B |
| EBIT | $896M |
| EBITDA | $2.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $563M |
| Depreciation & Amortization | $1.7B |
| Stock-Based Compensation | $517M |
| Deferred Income Tax | -$175M |
| Other Non-Cash Items | $122M |
| Change in Working Capital | $456M |
| OPERATING CASH FLOW | $3.2B |
| Capital Expenditure | -$148M |
| Acquisitions (Net) | $168M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | $1.0B |
| Common Stock Repurchased | -$219M |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$474M |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | $2.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.2B |
| Short-Term Investments | $0 |
| Net Receivables | $3.2B |
| Inventory | $953M |
| Other Current Assets | $462M |
| TOTAL CURRENT ASSETS | $14.2B |
| PP&E (Net) | $2.6B |
| Goodwill | $43.5B |
| Intangible Assets | $19.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $67.3B |
| TOTAL ASSETS | $81.5B |
| Account Payables | $1.2B |
| Short-Term Debt | $819M |
| Deferred Revenue | $3.1B |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $6.6B |
| Long-Term Debt | $45.0B |
| Deferred Revenue NC | $711M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.6B |
| TOTAL NON-CURRENT LIABILITIES | $51.0B |
| TOTAL LIABILITIES | $57.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $24.1B |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$131M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $24.0B |
| TOTAL LIABILITIES & EQUITY | $81.5B |
| Total Debt | $46.5B |
| Net Debt | $37.3B |
