| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.4B | 6.6% | 1.0% |
| Op. Income | $304M | $337M | $480M | -9.8% | -36.6% |
| Gross Margin | 42.4% | 40.8% | 44.4% | 1.6pp | -2.0pp |
| Net Margin | -7.5% | 10.3% | 20.8% | -17.8pp | -28.3pp |
| EPS (Diluted) | $-2.13 | $2.64 | $5.39 | -180.7% | -139.5% |
| Free Cash Flow | $414M | $425M | $653M | -2.8% | -36.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $828M |
| GROSS PROFIT | $610M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $32M |
| SG&A Expenses | $32M |
| Other Expenses | $274M |
| Operating Expenses | $306M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $304M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$140M |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | -$229M |
| Other Adjustments | $0 |
| NET INCOME | -$108M |
| Net Income Deductions | -$900.0K |
| BOTTOM LINE NET INCOME | -$108M |
| D&A | $45M |
| EBIT | $236M |
| EBITDA | $281M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$108M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$139M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $650M |
| OPERATING CASH FLOW | $441M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $4.8B |
| Purchases of Investments | $12M |
| Sales/Maturities of Investments | $441M |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | $4.2B |
| Net Debt Issuance | -$2.8B |
| Common Stock Repurchased | -$753M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$95M |
| NET CASH FROM FINANCING | -$3.7B |
| FREE CASH FLOW | $414M |
| Net Change in Cash | $897M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $0 |
| Net Receivables | $17.3B |
| Inventory | $250M |
| Other Current Assets | $2.7B |
| TOTAL CURRENT ASSETS | $24.8B |
| PP&E (Net) | $542M |
| Goodwill | $937M |
| Intangible Assets | $174M |
| Long-Term Investments | $0 |
| Tax Assets | $45M |
| Other Non-Current Assets | $676M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $27.2B |
| Account Payables | $436M |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $787M |
| Other Current Liabilities | $7.3B |
| TOTAL CURRENT LIABILITIES | $11.8B |
| Long-Term Debt | $7.5B |
| Deferred Revenue NC | $110M |
| Deferred Tax Liabilities | $80M |
| Other Non-Current Liabilities | $5.8B |
| TOTAL NON-CURRENT LIABILITIES | $13.8B |
| TOTAL LIABILITIES | $25.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $5.1B |
| Treasury Stock | -$6.7B |
| Accum. Other Comp. Income | -$122M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $27.2B |
| Total Debt | $10.0B |
| Net Debt | $5.5B |
