| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26.1B | $26.5B | $24.8B | -1.5% | 5.5% |
| Op. Income | $6.0B | $6.2B | $6.1B | -2.3% | -1.3% |
| Gross Margin | 63.2% | 62.9% | 66.4% | 0.3pp | -3.2pp |
| Net Margin | 18.8% | 18.1% | 18.7% | 0.7pp | 0.1pp |
| EPS (Diluted) | $2.08 | $1.95 | $1.73 | 6.7% | 20.2% |
| Free Cash Flow | $1.4B | -$3.0B | $20.8B | 146.7% | -93.3% |
| Item | Amount |
|---|---|
| REVENUE | $26.1B |
| Cost of Revenue | $9.6B |
| GROSS PROFIT | $16.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $378M |
| General & Administrative | $5.3B |
| SG&A Expenses | $5.7B |
| Other Expenses | $4.8B |
| Operating Expenses | $10.5B |
| Cost & Expenses | $20.1B |
| OPERATING INCOME | $6.0B |
| Interest Income | $19.2B |
| Interest Expense | $7.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $4.9B |
| Net Income from Discontinued Ops | -$15M |
| Other Adjustments | $0 |
| NET INCOME | $4.9B |
| Net Income Deductions | -$9M |
| BOTTOM LINE NET INCOME | $4.6B |
| D&A | $983M |
| EBIT | $6.0B |
| EBITDA | $7.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $26.1B |
| Cost of Revenue | $9.6B |
| GROSS PROFIT | $16.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $378M |
| General & Administrative | $5.3B |
| SG&A Expenses | $5.7B |
| Other Expenses | $4.8B |
| Operating Expenses | $10.5B |
| Cost & Expenses | $20.1B |
| OPERATING INCOME | $6.0B |
| Interest Income | $19.2B |
| Interest Expense | $7.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $4.9B |
| Net Income from Discontinued Ops | -$15M |
| Other Adjustments | $0 |
| NET INCOME | $4.9B |
| Net Income Deductions | -$9M |
| BOTTOM LINE NET INCOME | $4.6B |
| D&A | $983M |
| EBIT | $6.0B |
| EBITDA | $7.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.9B |
| Depreciation & Amortization | $983M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4.4B |
| Change in Working Capital | -$7.9B |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$78.6B |
| Sales/Maturities of Investments | $66.8B |
| Other Investing Activities | -$4.6B |
| NET CASH FROM INVESTING | -$17.4B |
| Net Debt Issuance | -$18.4B |
| Common Stock Repurchased | -$5.0B |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | $56.1B |
| NET CASH FROM FINANCING | $32.8B |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $17.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $220.4B |
| Short-Term Investments | $265.6B |
| Net Receivables | $55.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $541.7B |
| PP&E (Net) | $0 |
| Goodwill | $21.8B |
| Intangible Assets | $4.8B |
| Long-Term Investments | $759.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $687.3B |
| TOTAL NON-CURRENT ASSETS | $1.5T |
| TOTAL ASSETS | $2.0T |
| Account Payables | $63.3B |
| Short-Term Debt | $230.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2T |
| TOTAL CURRENT LIABILITIES | $1.5T |
| Long-Term Debt | $242.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $58.5B |
| TOTAL NON-CURRENT LIABILITIES | $300.7B |
| TOTAL LIABILITIES | $1.8T |
| Common Stock | $31M |
| Additional Paid-In Capital | $107.7B |
| Retained Earnings | $161.8B |
| Treasury Stock | -$56.5B |
| Accum. Other Comp. Income | -$36.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $196.4B |
| Minority Interest | $697M |
| TOTAL EQUITY | $197.1B |
| TOTAL LIABILITIES & EQUITY | $2.0T |
| Total Debt | $472.5B |
| Net Debt | $252.1B |
