| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.4B | 1.1% | -3.5% |
| Op. Income | $337M | $357M | $397M | -5.5% | -15.0% |
| Gross Margin | 40.8% | 41.2% | 48.0% | -0.4pp | -7.2pp |
| Net Margin | 10.3% | 11.2% | 15.6% | -0.9pp | -5.3pp |
| EPS (Diluted) | $2.64 | $2.80 | $3.93 | -5.7% | -32.8% |
| Free Cash Flow | $425M | $572M | $618M | -25.6% | -31.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $798M |
| GROSS PROFIT | $550M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $57M |
| SG&A Expenses | $57M |
| Other Expenses | $156M |
| Operating Expenses | $213M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $337M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | -$144M |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $142M |
| Net Income from Discontinued Ops | -$3M |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $43M |
| EBIT | $194M |
| EBITDA | $236M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $798M |
| GROSS PROFIT | $550M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $57M |
| SG&A Expenses | $57M |
| Other Expenses | $156M |
| Operating Expenses | $213M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $337M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | -$144M |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $142M |
| Net Income from Discontinued Ops | -$3M |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $43M |
| EBIT | $194M |
| EBITDA | $236M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $139M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $327M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $479M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $54M |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$120M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$33M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | $425M |
| Net Change in Cash | $339M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $0 |
| Net Receivables | $17.0B |
| Inventory | $244M |
| Other Current Assets | $7.0B |
| TOTAL CURRENT ASSETS | $28.3B |
| PP&E (Net) | $554M |
| Goodwill | $960M |
| Intangible Assets | $196M |
| Long-Term Investments | $0 |
| Tax Assets | $45M |
| Other Non-Current Assets | $711M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $30.7B |
| Account Payables | $505M |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $792M |
| Other Current Liabilities | $7.4B |
| TOTAL CURRENT LIABILITIES | $10.6B |
| Long-Term Debt | $11.1B |
| Deferred Revenue NC | $111M |
| Deferred Tax Liabilities | $218M |
| Other Non-Current Liabilities | $6.0B |
| TOTAL NON-CURRENT LIABILITIES | $17.7B |
| TOTAL LIABILITIES | $28.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $5.2B |
| Treasury Stock | -$6.0B |
| Accum. Other Comp. Income | -$122M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $30.7B |
| Total Debt | $12.9B |
| Net Debt | $8.8B |
