| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28.5B | $29.1B | $27.6B | -2.0% | 3.3% |
| Op. Income | $6.9B | $9.0B | $9.0B | -23.4% | -23.7% |
| Gross Margin | 77.2% | 76.3% | 79.7% | 0.9pp | -2.5pp |
| Net Margin | 20.2% | 25.2% | 25.9% | -5.0pp | -5.7pp |
| EPS (Diluted) | $0.56 | $0.74 | $0.66 | -24.3% | -15.2% |
| Free Cash Flow | -$5.7B | -$6.7B | $19.6B | 15.2% | -129.1% |
| Item | Amount |
|---|---|
| REVENUE | $28.5B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $22.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.1B |
| General & Administrative | $10.8B |
| SG&A Expenses | $12.0B |
| Other Expenses | $3.2B |
| Operating Expenses | $15.2B |
| Cost & Expenses | $21.7B |
| OPERATING INCOME | $6.9B |
| Interest Income | $17.9B |
| Interest Expense | $5.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.9B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $5.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.3B |
| D&A | $438M |
| EBIT | $6.9B |
| EBITDA | $7.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $28.5B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $22.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.1B |
| General & Administrative | $10.8B |
| SG&A Expenses | $12.0B |
| Other Expenses | $3.2B |
| Operating Expenses | $15.2B |
| Cost & Expenses | $21.7B |
| OPERATING INCOME | $6.9B |
| Interest Income | $17.9B |
| Interest Expense | $5.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.9B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $5.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.3B |
| D&A | $438M |
| EBIT | $6.9B |
| EBITDA | $7.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5.8B |
| Depreciation & Amortization | $438M |
| Stock-Based Compensation | $510M |
| Deferred Income Tax | $295M |
| Other Non-Cash Items | $67M |
| Change in Working Capital | -$12.8B |
| OPERATING CASH FLOW | -$5.7B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$27.3B |
| Sales/Maturities of Investments | $29.9B |
| Other Investing Activities | -$32.8B |
| NET CASH FROM INVESTING | -$30.1B |
| Net Debt Issuance | $7.1B |
| Common Stock Repurchased | -$7.6B |
| Common Dividends Paid | -$464M |
| Other Financing Activities | $24.9B |
| NET CASH FROM FINANCING | $22.8B |
| FREE CASH FLOW | -$5.7B |
| Net Change in Cash | -$14.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $164.7B |
| Short-Term Investments | $244.9B |
| Net Receivables | $72.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $482.0B |
| PP&E (Net) | $10.5B |
| Goodwill | $69.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.2T |
| Tax Assets | $0 |
| Other Non-Current Assets | $666.7B |
| TOTAL NON-CURRENT ASSETS | $1.9T |
| TOTAL ASSETS | $2.4T |
| Account Payables | $0 |
| Short-Term Debt | $232.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5T |
| TOTAL CURRENT LIABILITIES | $1.9T |
| Long-Term Debt | $243.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38.0B |
| TOTAL NON-CURRENT LIABILITIES | $281.4B |
| TOTAL LIABILITIES | $2.2T |
| Common Stock | $99.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $151.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $268.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $268.4B |
| TOTAL LIABILITIES & EQUITY | $2.4T |
| Total Debt | $476.2B |
| Net Debt | $311.5B |
