| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.5B | $3.8B | 9.1% | 1.4% |
| Op. Income | $34M | -$137M | $792M | 124.9% | -95.7% |
| Gross Margin | 38.8% | 38.5% | 53.8% | 0.3pp | -15.0pp |
| Net Margin | 9.2% | -1.4% | 24.6% | 10.5pp | -15.5pp |
| EPS (Diluted) | $1.00 | $-0.14 | $3.26 | 816.7% | -69.2% |
| Free Cash Flow | $819M | -$192M | $0 | 527.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $691M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $766M |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $34M |
| Interest Income | $176M |
| Interest Expense | $118M |
| Other Income/Expenses | $181M |
| INCOME BEFORE TAX | $215M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $352M |
| Net Income Deductions | $5M |
| BOTTOM LINE NET INCOME | $347M |
| D&A | $1.1B |
| EBIT | $332M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $691M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $766M |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $34M |
| Interest Income | $176M |
| Interest Expense | $118M |
| Other Income/Expenses | $181M |
| INCOME BEFORE TAX | $215M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $352M |
| Net Income Deductions | $5M |
| BOTTOM LINE NET INCOME | $347M |
| D&A | $1.1B |
| EBIT | $332M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $352M |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $237M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $665M |
| Change in Working Capital | -$782M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$198M |
| Acquisitions (Net) | -$74M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.5B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$292M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.2B |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $819M |
| Net Change in Cash | -$1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $16.7B |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $22.7B |
| PP&E (Net) | $3.9B |
| Goodwill | $2.8B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $12.2B |
| Tax Assets | $239M |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $22.4B |
| TOTAL ASSETS | $45.1B |
| Account Payables | $5.2B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8.7B |
| Long-Term Debt | $8.3B |
| Deferred Revenue NC | $162M |
| Deferred Tax Liabilities | $606M |
| Other Non-Current Liabilities | $678M |
| TOTAL NON-CURRENT LIABILITIES | $10.4B |
| TOTAL LIABILITIES | $19.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | $18.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.2B |
| Minority Interest | $1.8B |
| TOTAL EQUITY | $26.0B |
| TOTAL LIABILITIES & EQUITY | $45.1B |
| Total Debt | $10.6B |
| Net Debt | $7.6B |
