| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.2B | $1.6B | -11.4% | 22.8% |
| Op. Income | $530M | $867M | $264M | -38.9% | 100.8% |
| Gross Margin | 51.1% | 60.2% | 43.3% | -9.1pp | 7.7pp |
| Net Margin | 22.4% | 32.2% | 13.9% | -9.8pp | 8.4pp |
| EPS (Diluted) | $2.59 | $4.26 | $1.32 | -39.2% | 96.2% |
| Free Cash Flow | $268M | $195M | $304M | 37.4% | -11.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $936M |
| GROSS PROFIT | $977M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $447M |
| Operating Expenses | $447M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $530M |
| Interest Income | $161M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $530M |
| Income Tax Expense | $102M |
| NET INCOME | $428M |
| D&A | $17M |
| EBIT | $543M |
| EBITDA | $560M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $936M |
| GROSS PROFIT | $977M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $447M |
| Operating Expenses | $447M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $530M |
| Interest Income | $161M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $530M |
| Income Tax Expense | $102M |
| NET INCOME | $428M |
| D&A | $17M |
| EBIT | $543M |
| EBITDA | $560M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $428M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $74M |
| Other Non-Cash Items | -$352M |
| Change in Working Capital | $102M |
| OPERATING CASH FLOW | $276M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$667M |
| Sales/Maturities of Investments | $518M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$160M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$90M |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | -$115M |
| FREE CASH FLOW | $268M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $803M |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | -$14.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $207M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $18.3B |
| Tax Assets | $932M |
| Other Non-Current Assets | -$18.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $24.3B |
| Account Payables | $0 |
| Short-Term Debt | $37M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$37M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $847M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $932M |
| Other Non-Current Liabilities | -$1.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $15.2B |
| Common Stock | $397M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $8.6B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | $364M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.1B |
| TOTAL LIABILITIES & EQUITY | $24.3B |
| Total Debt | $884M |
| Net Debt | $81M |
