| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $699M | $686M | $706M | 1.9% | -0.9% |
| Op. Income | $211M | $218M | $251M | -3.1% | -15.8% |
| Gross Margin | 80.7% | 81.2% | 82.0% | -0.5pp | -1.3pp |
| Net Margin | 24.5% | 24.5% | 39.6% | -0.0pp | -15.2pp |
| EPS (Diluted) | $1.76 | $1.69 | $2.73 | 4.1% | -35.5% |
| Free Cash Flow | $148M | $153M | $162M | -3.1% | -8.9% |
| Item | Amount |
|---|---|
| REVENUE | $699M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $565M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $214M |
| SG&A Expenses | $233M |
| Other Expenses | $120M |
| Operating Expenses | $353M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $211M |
| Interest Income | $571M |
| Interest Expense | $95M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $40M |
| 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 | $170M |
| D&A | $17M |
| EBIT | $211M |
| EBITDA | $228M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $699M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $565M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $214M |
| SG&A Expenses | $233M |
| Other Expenses | $120M |
| Operating Expenses | $353M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $211M |
| Interest Income | $571M |
| Interest Expense | $95M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $40M |
| 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 | $170M |
| D&A | $17M |
| EBIT | $211M |
| EBITDA | $228M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $171M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $29M |
| Other Non-Cash Items | -$109M |
| Change in Working Capital | $56M |
| OPERATING CASH FLOW | $167M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.9B |
| Sales/Maturities of Investments | $3.8B |
| Other Investing Activities | -$365M |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | $194M |
| Common Stock Repurchased | -$96.0K |
| Common Dividends Paid | -$30M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | $148M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $16.5B |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $21.6B |
| PP&E (Net) | $704M |
| Goodwill | $671M |
| Intangible Assets | $177M |
| Long-Term Investments | $26.0B |
| Tax Assets | $949M |
| Other Non-Current Assets | $506M |
| TOTAL NON-CURRENT ASSETS | $29.0B |
| TOTAL ASSETS | $50.6B |
| Account Payables | $0 |
| Short-Term Debt | $393M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42.1B |
| TOTAL CURRENT LIABILITIES | $42.5B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $44.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$392M |
| Accum. Other Comp. Income | -$191M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $50.6B |
| Total Debt | $1.6B |
| Net Debt | -$2.0B |
