| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $551M | $520M | $433M | 5.9% | 27.3% |
| Op. Income | $175M | $140M | $148M | 25.1% | 18.1% |
| Gross Margin | 80.0% | 79.6% | 87.2% | 0.3pp | -7.2pp |
| Net Margin | 25.0% | 21.3% | 26.4% | 3.7pp | -1.5pp |
| EPS (Diluted) | $1.93 | $1.54 | $1.75 | 25.3% | 10.3% |
| Free Cash Flow | $295M | -$1.2B | -$850M | 124.1% | 134.7% |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $441M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $171M |
| SG&A Expenses | $181M |
| Other Expenses | $85M |
| Operating Expenses | $266M |
| Cost & Expenses | $376M |
| OPERATING INCOME | $175M |
| Interest Income | $391M |
| Interest Expense | $105M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $27M |
| EBIT | $175M |
| EBITDA | $202M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $441M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $171M |
| SG&A Expenses | $181M |
| Other Expenses | $85M |
| Operating Expenses | $266M |
| Cost & Expenses | $376M |
| OPERATING INCOME | $175M |
| Interest Income | $391M |
| Interest Expense | $105M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $27M |
| EBIT | $175M |
| EBITDA | $202M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $138M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | $294M |
| OPERATING CASH FLOW | $429M |
| Capital Expenditure | -$134M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.9B |
| Sales/Maturities of Investments | $526M |
| Other Investing Activities | -$620M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $278M |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | $295M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $10.5B |
| Net Receivables | $797M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.6B |
| PP&E (Net) | $468M |
| Goodwill | $1.0B |
| Intangible Assets | $333M |
| Long-Term Investments | $24.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $29.2B |
| TOTAL ASSETS | $41.9B |
| Account Payables | $181M |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25.3B |
| TOTAL CURRENT LIABILITIES | $27.8B |
| Long-Term Debt | $8.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $9.4B |
| TOTAL LIABILITIES | $37.2B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $3.5B |
| Treasury Stock | -$281M |
| Accum. Other Comp. Income | $99M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $9M |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $41.9B |
| Total Debt | $10.4B |
| Net Debt | $9.1B |
