| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $868M | $638M | $700M | 36.0% | 24.0% |
| Op. Income | $272M | $153M | $219M | 77.9% | 23.9% |
| Gross Margin | 60.7% | 61.4% | 64.8% | -0.7pp | -4.1pp |
| Net Margin | 24.9% | 17.9% | 26.1% | 7.0pp | -1.2pp |
| EPS (Diluted) | $0.43 | $0.23 | $0.36 | 88.1% | 18.7% |
| Free Cash Flow | -$802M | $1.1B | -$251M | -170.6% | -219.8% |
| Item | Amount |
|---|---|
| REVENUE | $868M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $527M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $211M |
| SG&A Expenses | $228M |
| Other Expenses | $27M |
| Operating Expenses | $256M |
| Cost & Expenses | $596M |
| OPERATING INCOME | $272M |
| Interest Income | $676M |
| Interest Expense | $264M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $20M |
| EBIT | $272M |
| EBITDA | $291M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $868M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $527M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $211M |
| SG&A Expenses | $228M |
| Other Expenses | $27M |
| Operating Expenses | $256M |
| Cost & Expenses | $596M |
| OPERATING INCOME | $272M |
| Interest Income | $676M |
| Interest Expense | $264M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $20M |
| EBIT | $272M |
| EBITDA | $291M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $216M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$51M |
| Other Non-Cash Items | $73M |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | -$790M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $87M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | $67M |
| Net Debt Issuance | $434M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $316M |
| NET CASH FROM FINANCING | $749M |
| FREE CASH FLOW | -$802M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $1.4B |
| Net Receivables | $1.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $529M |
| Goodwill | $0 |
| Intangible Assets | $61M |
| Long-Term Investments | $32.9B |
| Tax Assets | $360M |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $35.8B |
| TOTAL ASSETS | $41.9B |
| Account Payables | $261M |
| Short-Term Debt | $294M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.0B |
| TOTAL CURRENT LIABILITIES | $23.5B |
| Long-Term Debt | $10.6B |
| Deferred Revenue NC | $170M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $14.6B |
| TOTAL LIABILITIES | $38.1B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $522M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $1.1K |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $41.9B |
| Total Debt | $11.1B |
| Net Debt | $8.4B |
