| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $749M | $868M | $721M | -13.7% | 4.0% |
| Op. Income | $217M | $272M | $181M | -20.1% | 20.0% |
| Gross Margin | 60.7% | 60.7% | 57.7% | -0.0pp | 3.0pp |
| Net Margin | 22.9% | 24.9% | 20.0% | -2.0pp | 2.8pp |
| EPS (Diluted) | $0.34 | $0.43 | $0.29 | -21.1% | 18.1% |
| Free Cash Flow | $37M | -$802M | -$413M | 104.7% | 109.0% |
| Item | Amount |
|---|---|
| REVENUE | $749M |
| Cost of Revenue | $294M |
| GROSS PROFIT | $455M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $211M |
| SG&A Expenses | $219M |
| Other Expenses | $19M |
| Operating Expenses | $238M |
| Cost & Expenses | $532M |
| OPERATING INCOME | $217M |
| Interest Income | $574M |
| Interest Expense | $194M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $19M |
| EBIT | $217M |
| EBITDA | $237M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $749M |
| Cost of Revenue | $294M |
| GROSS PROFIT | $455M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $211M |
| SG&A Expenses | $219M |
| Other Expenses | $19M |
| Operating Expenses | $238M |
| Cost & Expenses | $532M |
| OPERATING INCOME | $217M |
| Interest Income | $574M |
| Interest Expense | $194M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $19M |
| EBIT | $217M |
| EBITDA | $237M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $171M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $213M |
| Change in Working Capital | -$353M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$93M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$119M |
| Net Debt Issuance | $924M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $43M |
| NET CASH FROM FINANCING | $966M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | $949M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $1.5B |
| Net Receivables | $103M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $532M |
| Goodwill | $0 |
| Intangible Assets | $62M |
| Long-Term Investments | $36.6B |
| Tax Assets | $356M |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $39.7B |
| TOTAL ASSETS | $44.4B |
| Account Payables | $232M |
| Short-Term Debt | $219M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.4B |
| TOTAL CURRENT LIABILITIES | $23.8B |
| Long-Term Debt | $11.8B |
| Deferred Revenue NC | $157M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.6B |
| TOTAL NON-CURRENT LIABILITIES | $16.7B |
| TOTAL LIABILITIES | $40.5B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $693M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $1.1K |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $44.4B |
| Total Debt | $12.2B |
| Net Debt | $9.1B |
