| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.4B | $13.5B | $14.0B | 7.2% | 3.0% |
| Op. Income | $2.2B | $2.2B | $2.2B | 0.3% | 2.1% |
| Gross Margin | 29.8% | 31.7% | 31.5% | -1.9pp | -1.7pp |
| Net Margin | 11.2% | 14.0% | 12.2% | -2.7pp | -1.0pp |
| EPS (Diluted) | $2.83 | $3.25 | $2.82 | -12.9% | 0.4% |
| Free Cash Flow | $1.9B | $574M | $1.4B | 232.8% | 38.7% |
| Item | Amount |
|---|---|
| REVENUE | $14.4B |
| Cost of Revenue | $10.1B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $441M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $336M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $12.2B |
| OPERATING INCOME | $2.2B |
| Interest Income | $54M |
| Interest Expense | $103M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $565M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $647M |
| EBIT | $2.3B |
| EBITDA | $2.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $14.4B |
| Cost of Revenue | $10.1B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $441M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $336M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $12.2B |
| OPERATING INCOME | $2.2B |
| Interest Income | $54M |
| Interest Expense | $103M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $565M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $647M |
| EBIT | $2.3B |
| EBITDA | $2.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $647M |
| Stock-Based Compensation | $68M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | $284M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$678M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$137M |
| Sales/Maturities of Investments | $113M |
| Other Investing Activities | -$396M |
| NET CASH FROM INVESTING | -$898M |
| Net Debt Issuance | $427M |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$492M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | $301M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.5B |
| Short-Term Investments | $0 |
| Net Receivables | $18.5B |
| Inventory | $12.0B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $39.8B |
| PP&E (Net) | $13.2B |
| Goodwill | $6.2B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $0 |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $16.8B |
| TOTAL NON-CURRENT ASSETS | $39.4B |
| TOTAL ASSETS | $79.2B |
| Account Payables | $7.0B |
| Short-Term Debt | $11.5B |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $2.2B |
| TOTAL CURRENT LIABILITIES | $27.7B |
| Long-Term Debt | $24.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.8B |
| TOTAL NON-CURRENT LIABILITIES | $36.6B |
| TOTAL LIABILITIES | $64.3B |
| Common Stock | $5.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $33.0B |
| Treasury Stock | -$22.5B |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.8B |
| Minority Interest | $41M |
| TOTAL EQUITY | $14.9B |
| TOTAL LIABILITIES & EQUITY | $79.2B |
| Total Debt | $36.3B |
| Net Debt | $36.3B |
