| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | $1.9B | -0.5% | 7.3% |
| Op. Income | $564M | $580M | $576M | -2.8% | -2.1% |
| Gross Margin | 75.7% | 75.0% | 78.5% | 0.7pp | -2.8pp |
| Net Margin | 22.1% | 22.2% | 23.4% | -0.1pp | -1.3pp |
| EPS (Diluted) | $0.97 | $0.95 | $0.91 | 2.1% | 6.6% |
| Free Cash Flow | $356M | $95M | -$330M | 274.7% | 207.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $494M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $508M |
| SG&A Expenses | $539M |
| Other Expenses | $434M |
| Operating Expenses | $973M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $564M |
| Interest Income | $1.5B |
| Interest Expense | $393M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $564M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $449M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $449M |
| Net Income Deductions | -$17M |
| BOTTOM LINE NET INCOME | $432M |
| D&A | $165M |
| EBIT | $564M |
| EBITDA | $729M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $494M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $508M |
| SG&A Expenses | $539M |
| Other Expenses | $434M |
| Operating Expenses | $973M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $564M |
| Interest Income | $1.5B |
| Interest Expense | $393M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $564M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $449M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $449M |
| Net Income Deductions | -$17M |
| BOTTOM LINE NET INCOME | $432M |
| D&A | $165M |
| EBIT | $564M |
| EBITDA | $729M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $449M |
| Depreciation & Amortization | $165M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | -$129M |
| Change in Working Capital | -$73M |
| OPERATING CASH FLOW | $393M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | -$761M |
| NET CASH FROM INVESTING | -$498M |
| Net Debt Issuance | $882M |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | -$162M |
| Other Financing Activities | $710M |
| NET CASH FROM FINANCING | $912M |
| FREE CASH FLOW | $356M |
| Net Change in Cash | $807M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $21.3B |
| Net Receivables | $2.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $28.1B |
| PP&E (Net) | $747M |
| Goodwill | $7.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $121.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.3B |
| TOTAL NON-CURRENT ASSETS | $136.3B |
| TOTAL ASSETS | $164.4B |
| Account Payables | $206M |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $124.7B |
| TOTAL CURRENT LIABILITIES | $126.7B |
| Long-Term Debt | $12.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $752M |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $15.8B |
| TOTAL LIABILITIES | $142.5B |
| Common Stock | $6M |
| Additional Paid-In Capital | $18.9B |
| Retained Earnings | $6.2B |
| Treasury Stock | -$4.0B |
| Accum. Other Comp. Income | -$440M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.9B |
| TOTAL LIABILITIES & EQUITY | $164.4B |
| Total Debt | $13.9B |
| Net Debt | $9.9B |
