| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.4B | -1.3% | 10.1% |
| Op. Income | $335M | $359M | $223M | -6.7% | 50.2% |
| Gross Margin | 58.2% | 57.7% | 51.8% | 0.5pp | 6.4pp |
| Net Margin | 16.0% | 16.8% | 10.9% | -0.8pp | 5.1pp |
| EPS (Diluted) | $4.07 | $4.34 | $2.52 | -6.2% | 61.7% |
| Free Cash Flow | -$96M | -$984M | $323M | 90.3% | -129.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $640M |
| GROSS PROFIT | $891M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $440M |
| SG&A Expenses | $440M |
| Other Expenses | $116M |
| Operating Expenses | $556M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $335M |
| Interest Income | $1.2B |
| Interest Expense | $438M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $250M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $245M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $245M |
| D&A | $62M |
| EBIT | $335M |
| EBITDA | $397M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $640M |
| GROSS PROFIT | $891M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $440M |
| SG&A Expenses | $440M |
| Other Expenses | $116M |
| Operating Expenses | $556M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $335M |
| Interest Income | $1.2B |
| Interest Expense | $438M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $250M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $245M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $245M |
| D&A | $62M |
| EBIT | $335M |
| EBITDA | $397M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $245M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $324M |
| Change in Working Capital | -$601M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$111M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$97M |
| NET CASH FROM INVESTING | -$208M |
| Net Debt Issuance | -$82M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$73M |
| Other Financing Activities | -$609M |
| NET CASH FROM FINANCING | -$764M |
| FREE CASH FLOW | -$96M |
| Net Change in Cash | -$438M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.6B |
| Short-Term Investments | $0 |
| Net Receivables | $351M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $55.8B |
| Tax Assets | $100M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $60.9B |
| TOTAL ASSETS | $66.0B |
| Account Payables | $0 |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42.4B |
| TOTAL CURRENT LIABILITIES | $43.8B |
| Long-Term Debt | $10.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $348M |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $14.2B |
| TOTAL LIABILITIES | $58.0B |
| Common Stock | $134M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.5B |
| Minority Interest | $544M |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $66.0B |
| Total Debt | $12.2B |
| Net Debt | $7.6B |
