| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $5.5B | $5.1B | -0.0% | 8.9% |
| Op. Income | $865M | $970M | $1.3B | -10.8% | -35.4% |
| Gross Margin | 55.0% | 56.0% | 51.7% | -1.0pp | 3.3pp |
| Net Margin | 13.0% | 12.5% | 23.6% | 0.4pp | -10.7pp |
| EPS (Diluted) | $0.17 | $0.16 | $0.27 | 6.3% | -37.0% |
| Free Cash Flow | $2.3B | $2.5B | $2.1B | -9.2% | 8.5% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $410M |
| SG&A Expenses | $410M |
| Other Expenses | $524M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $865M |
| Interest Income | $0 |
| Interest Expense | $362M |
| Other Income/Expenses | -$321M |
| INCOME BEFORE TAX | $544M |
| Income Tax Expense | -$171M |
| Net Income from Continuing Ops | $715M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $715M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $715M |
| D&A | $1.4B |
| EBIT | $906M |
| EBITDA | $2.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $410M |
| SG&A Expenses | $410M |
| Other Expenses | $524M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $865M |
| Interest Income | $0 |
| Interest Expense | $362M |
| Other Income/Expenses | -$321M |
| INCOME BEFORE TAX | $544M |
| Income Tax Expense | -$171M |
| Net Income from Continuing Ops | $715M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $715M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $715M |
| D&A | $1.4B |
| EBIT | $906M |
| EBITDA | $2.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $715M |
| Depreciation & Amortization | $1.4B |
| Stock-Based Compensation | $632M |
| Deferred Income Tax | -$235M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$160M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$112M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $86M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$230M |
| Common Stock Repurchased | -$977M |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$2.3B |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | $134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.5B |
| Short-Term Investments | $0 |
| Net Receivables | $3.5B |
| Inventory | $1.1B |
| Other Current Assets | $404M |
| TOTAL CURRENT ASSETS | $10.9B |
| PP&E (Net) | $2.6B |
| Goodwill | $36.7B |
| Intangible Assets | $18.9B |
| Long-Term Investments | $0 |
| Tax Assets | $1.7B |
| Other Non-Current Assets | -$967M |
| TOTAL NON-CURRENT ASSETS | $58.9B |
| TOTAL ASSETS | $69.8B |
| Account Payables | $996M |
| Short-Term Debt | $3.5B |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $8.3B |
| Long-Term Debt | $34.0B |
| Deferred Revenue NC | $397M |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | $3.9B |
| TOTAL NON-CURRENT LIABILITIES | $40.0B |
| TOTAL LIABILITIES | $48.3B |
| Common Stock | $21.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$116M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.5B |
| TOTAL LIABILITIES & EQUITY | $69.8B |
| Total Debt | $37.6B |
| Net Debt | $32.1B |
