| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | $1.9B | -11.1% | -11.2% |
| Op. Income | $294M | $530M | $618M | -44.5% | -52.4% |
| Gross Margin | 45.2% | 51.1% | 54.1% | -5.9pp | -8.9pp |
| Net Margin | 14.6% | 22.4% | 28.9% | -7.8pp | -14.3pp |
| EPS (Diluted) | $1.49 | $2.59 | $3.38 | -42.5% | -55.9% |
| Free Cash Flow | $395M | $268M | $357M | 47.4% | 10.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $932M |
| GROSS PROFIT | $768M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $474M |
| Operating Expenses | $474M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $294M |
| Interest Income | $160M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $294M |
| Income Tax Expense | $46M |
| NET INCOME | $248M |
| D&A | $18M |
| EBIT | $308M |
| EBITDA | $326M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $932M |
| GROSS PROFIT | $768M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $474M |
| Operating Expenses | $474M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $294M |
| Interest Income | $160M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $294M |
| Income Tax Expense | $46M |
| NET INCOME | $248M |
| D&A | $18M |
| EBIT | $308M |
| EBITDA | $326M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $248M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | -$71M |
| Change in Working Capital | $184M |
| OPERATING CASH FLOW | $404M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$724M |
| Sales/Maturities of Investments | $424M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$310M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$90M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$110M |
| FREE CASH FLOW | $395M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $787M |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | -$15.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $207M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $18.8B |
| Tax Assets | $972M |
| Other Non-Current Assets | -$19.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $24.7B |
| Account Payables | $0 |
| Short-Term Debt | $38M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$38M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $847M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $972M |
| Other Non-Current Liabilities | -$1.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $15.4B |
| Common Stock | $397M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $8.7B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | $442M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.4B |
| TOTAL LIABILITIES & EQUITY | $24.7B |
| Total Debt | $885M |
| Net Debt | $98M |
