| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.4B | — | $15.7B | — | 4.6% |
| Op. Income | $6.2B | — | $6.2B | — | -0.6% |
| Gross Margin | 83.0% | — | 80.4% | — | 2.6pp |
| Net Margin | 23.1% | — | 23.1% | — | 0.0pp |
| EPS (Diluted) | $1.67 | — | $1.60 | — | 4.2% |
| Free Cash Flow | $1.8B | — | $4.9B | — | -64.5% |
| Item | Amount |
|---|---|
| REVENUE | $16.4B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $13.6B |
| R&D Expenses | $186M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $30M |
| Operating Expenses | $7.3B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $6.2B |
| Interest Income | $1.1B |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $5.2B |
| Income Tax Expense | $1.3B |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $348M |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.8B |
| D&A | $680M |
| EBIT | $6.0B |
| EBITDA | $6.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $16.4B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $13.6B |
| R&D Expenses | $186M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $30M |
| Operating Expenses | $7.3B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $6.2B |
| Interest Income | $1.1B |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $5.2B |
| Income Tax Expense | $1.3B |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $348M |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.8B |
| D&A | $680M |
| EBIT | $6.0B |
| EBITDA | $6.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.8B |
| Depreciation & Amortization | -$680M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2.4B |
| Change in Working Capital | -$2.1B |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$315M |
| Acquisitions (Net) | -$57M |
| Purchases of Investments | -$94M |
| Sales/Maturities of Investments | $159M |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | -$307M |
| Net Debt Issuance | $1.8B |
| Common Stock Repurchased | -$158M |
| Common Dividends Paid | -$3.1B |
| Other Financing Activities | $55M |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $225M |
| Net Receivables | $6.9B |
| Inventory | $9.0B |
| Other Current Assets | $378M |
| TOTAL CURRENT ASSETS | $19.4B |
| PP&E (Net) | $7.7B |
| Goodwill | $0 |
| Intangible Assets | $167.3B |
| Long-Term Investments | $2.6B |
| Tax Assets | $684M |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $180.3B |
| TOTAL ASSETS | $199.7B |
| Account Payables | $13.2B |
| Short-Term Debt | $11.7B |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $712M |
| TOTAL CURRENT LIABILITIES | $26.7B |
| Long-Term Debt | $56.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $23.9B |
| Other Non-Current Liabilities | $4.7B |
| TOTAL NON-CURRENT LIABILITIES | $84.6B |
| TOTAL LIABILITIES | $111.3B |
| Common Stock | $828M |
| Additional Paid-In Capital | $35.9B |
| Retained Earnings | $51.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$352M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $88.0B |
| Minority Interest | $342M |
| TOTAL EQUITY | $88.4B |
| TOTAL LIABILITIES & EQUITY | $199.7B |
| Total Debt | $67.8B |
| Net Debt | $63.3B |