| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $705M | $699M | $670M | 0.8% | 5.2% |
| Op. Income | $207M | $211M | $183M | -2.2% | 13.2% |
| Gross Margin | 81.4% | 80.7% | 80.4% | 0.6pp | 0.9pp |
| Net Margin | 23.4% | 24.5% | 21.0% | -1.0pp | 2.5pp |
| EPS (Diluted) | $1.70 | $1.76 | $1.38 | -3.4% | 23.2% |
| Free Cash Flow | $191M | $148M | $240M | 29.4% | -20.3% |
| Item | Amount |
|---|---|
| REVENUE | $705M |
| Cost of Revenue | $132M |
| GROSS PROFIT | $574M |
| R&D Expenses | $0 |
| Selling & Marketing | $18M |
| General & Administrative | $220M |
| SG&A Expenses | $238M |
| Other Expenses | $129M |
| Operating Expenses | $367M |
| Cost & Expenses | $499M |
| OPERATING INCOME | $207M |
| Interest Income | $572M |
| Interest Expense | $95M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $164M |
| D&A | $17M |
| EBIT | $207M |
| EBITDA | $223M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $705M |
| Cost of Revenue | $132M |
| GROSS PROFIT | $574M |
| R&D Expenses | $0 |
| Selling & Marketing | $18M |
| General & Administrative | $220M |
| SG&A Expenses | $238M |
| Other Expenses | $129M |
| Operating Expenses | $367M |
| Cost & Expenses | $499M |
| OPERATING INCOME | $207M |
| Interest Income | $572M |
| Interest Expense | $95M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $164M |
| D&A | $17M |
| EBIT | $207M |
| EBITDA | $223M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $165M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $35M |
| Other Non-Cash Items | -$139M |
| Change in Working Capital | $120M |
| OPERATING CASH FLOW | $200M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.9B |
| Sales/Maturities of Investments | $4.0B |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | -$206M |
| Common Stock Repurchased | -$164.0K |
| Common Dividends Paid | -$30M |
| Other Financing Activities | $2.1B |
| NET CASH FROM FINANCING | $1.9B |
| FREE CASH FLOW | $191M |
| Net Change in Cash | $108M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.7B |
| Short-Term Investments | $16.3B |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $23.5B |
| PP&E (Net) | $697M |
| Goodwill | $671M |
| Intangible Assets | $172M |
| Long-Term Investments | $26.0B |
| Tax Assets | $910M |
| Other Non-Current Assets | $501M |
| TOTAL NON-CURRENT ASSETS | $29.0B |
| TOTAL ASSETS | $52.5B |
| Account Payables | $136M |
| Short-Term Debt | $312M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $44.2B |
| TOTAL CURRENT LIABILITIES | $44.9B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $341M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $46.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$393M |
| Accum. Other Comp. Income | -$139M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $52.5B |
| Total Debt | $1.7B |
| Net Debt | -$4.0B |
