| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $792M | $895M | $737M | -11.6% | 7.3% |
| Op. Income | $199M | $233M | $191M | -14.6% | 4.5% |
| Gross Margin | 53.0% | 52.3% | 54.8% | 0.7pp | -1.9pp |
| Net Margin | 19.7% | 21.5% | 19.8% | -1.8pp | -0.1pp |
| EPS (Diluted) | $0.33 | $0.41 | $0.31 | -17.8% | 8.8% |
| Free Cash Flow | $243M | $825M | $506M | -70.5% | -52.0% |
| Item | Amount |
|---|---|
| REVENUE | $792M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $419M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $173M |
| SG&A Expenses | $179M |
| Other Expenses | $41M |
| Operating Expenses | $220M |
| Cost & Expenses | $592M |
| OPERATING INCOME | $199M |
| Interest Income | $628M |
| Interest Expense | $236M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $30M |
| EBIT | $199M |
| EBITDA | $229M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $792M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $419M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $173M |
| SG&A Expenses | $179M |
| Other Expenses | $41M |
| Operating Expenses | $220M |
| Cost & Expenses | $592M |
| OPERATING INCOME | $199M |
| Interest Income | $628M |
| Interest Expense | $236M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $30M |
| EBIT | $199M |
| EBITDA | $229M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $157M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $32M |
| Other Non-Cash Items | $385M |
| Change in Working Capital | -$339M |
| OPERATING CASH FLOW | $265M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $243M |
| Net Change in Cash | $323M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $3.4B |
| Net Receivables | $1.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.6B |
| PP&E (Net) | $445M |
| Goodwill | $0 |
| Intangible Assets | $72M |
| Long-Term Investments | $3.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $52.4B |
| Account Payables | $419M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$424M |
| TOTAL CURRENT LIABILITIES | $249M |
| Long-Term Debt | $12.7B |
| Deferred Revenue NC | $640.3K |
| Deferred Tax Liabilities | $111M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13.0B |
| TOTAL LIABILITIES | $48.6B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $343M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $53M |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $52.4B |
| Total Debt | $12.9B |
| Net Debt | $9.6B |
