| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $895M | $644M | $759M | 39.1% | 18.0% |
| Op. Income | $233M | $189M | $220M | 23.5% | 6.1% |
| Gross Margin | 52.3% | 63.1% | 57.4% | -10.8pp | -5.1pp |
| Net Margin | 21.5% | 21.9% | 22.9% | -0.4pp | -1.4pp |
| EPS (Diluted) | $0.41 | $0.30 | $0.36 | 34.3% | 11.1% |
| Free Cash Flow | $825M | -$645M | $197M | 227.9% | 318.3% |
| Item | Amount |
|---|---|
| REVENUE | $895M |
| Cost of Revenue | $428M |
| GROSS PROFIT | $468M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $184M |
| SG&A Expenses | $190M |
| Other Expenses | $45M |
| Operating Expenses | $235M |
| Cost & Expenses | $662M |
| OPERATING INCOME | $233M |
| Interest Income | $761M |
| Interest Expense | $344M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $2M |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $29M |
| EBIT | $233M |
| EBITDA | $262M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $895M |
| Cost of Revenue | $428M |
| GROSS PROFIT | $468M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $184M |
| SG&A Expenses | $190M |
| Other Expenses | $45M |
| Operating Expenses | $235M |
| Cost & Expenses | $662M |
| OPERATING INCOME | $233M |
| Interest Income | $761M |
| Interest Expense | $344M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $2M |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $29M |
| EBIT | $233M |
| EBITDA | $262M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $193M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $521M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$79M |
| Change in Working Capital | $183M |
| OPERATING CASH FLOW | $843M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$49M |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$400M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$395M |
| FREE CASH FLOW | $825M |
| Net Change in Cash | $421M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $3.3B |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.1B |
| PP&E (Net) | $444M |
| Goodwill | $0 |
| Intangible Assets | $71M |
| Long-Term Investments | $3.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $47.3B |
| Account Payables | $242M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$29M |
| TOTAL CURRENT LIABILITIES | $242M |
| Long-Term Debt | $12.1B |
| Deferred Revenue NC | $691.0K |
| Deferred Tax Liabilities | $44M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12.4B |
| TOTAL LIABILITIES | $43.6B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $234M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $52M |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $47.3B |
| Total Debt | $12.3B |
| Net Debt | $9.4B |
