| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.8B | $14.4B | $13.5B | -11.6% | -5.6% |
| Op. Income | $2.0B | $2.2B | $2.1B | -8.7% | -5.4% |
| Gross Margin | 31.4% | 29.8% | 31.9% | 1.6pp | -0.5pp |
| Net Margin | 11.7% | 11.2% | 12.8% | 0.5pp | -1.1pp |
| EPS (Diluted) | $2.66 | $2.83 | $2.88 | -6.0% | -7.6% |
| Free Cash Flow | $138M | $1.9B | $791M | -92.8% | -82.6% |
| Item | Amount |
|---|---|
| REVENUE | $12.8B |
| Cost of Revenue | $8.8B |
| GROSS PROFIT | $4.0B |
| R&D Expenses | $431M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $298M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $50M |
| Interest Expense | $101M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $518M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $645M |
| EBIT | $2.1B |
| EBITDA | $2.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $12.8B |
| Cost of Revenue | $8.8B |
| GROSS PROFIT | $4.0B |
| R&D Expenses | $431M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $298M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $50M |
| Interest Expense | $101M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $518M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $645M |
| EBIT | $2.1B |
| EBITDA | $2.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $645M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | $130M |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | $769M |
| Capital Expenditure | -$631M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$185M |
| Sales/Maturities of Investments | $111M |
| Other Investing Activities | $183M |
| NET CASH FROM INVESTING | -$275M |
| Net Debt Issuance | $1.8B |
| Common Stock Repurchased | -$1.2B |
| Common Dividends Paid | -$578M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | $138M |
| Net Change in Cash | $477M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.9B |
| Short-Term Investments | $0 |
| Net Receivables | $17.5B |
| Inventory | $12.2B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $39.2B |
| PP&E (Net) | $12.8B |
| Goodwill | $6.1B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $16.8B |
| TOTAL NON-CURRENT ASSETS | $38.8B |
| TOTAL ASSETS | $78.0B |
| Account Payables | $6.1B |
| Short-Term Debt | $12.3B |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $2.2B |
| TOTAL CURRENT LIABILITIES | $27.2B |
| Long-Term Debt | $25.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.2B |
| TOTAL NON-CURRENT LIABILITIES | $35.8B |
| TOTAL LIABILITIES | $63.0B |
| Common Stock | $6.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $34.5B |
| Treasury Stock | -$23.7B |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.0B |
| Minority Interest | $41M |
| TOTAL EQUITY | $15.0B |
| TOTAL LIABILITIES & EQUITY | $78.0B |
| Total Debt | $37.9B |
| Net Debt | $37.9B |
