| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.6B | $2.6B | 2.9% | 2.4% |
| Op. Income | $127M | $342M | $402M | -62.9% | -68.4% |
| Gross Margin | 27.0% | 35.2% | 37.1% | -8.2pp | -10.1pp |
| Net Margin | 4.0% | 10.7% | 12.8% | -6.7pp | -8.8pp |
| EPS (Diluted) | $0.39 | $1.02 | $1.23 | -61.8% | -68.3% |
| Free Cash Flow | $460M | $221M | $503M | 108.1% | -8.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $726M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $599M |
| Operating Expenses | $599M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $127M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $16M |
| EBIT | $159M |
| EBITDA | $175M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $726M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $599M |
| Operating Expenses | $599M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $127M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $16M |
| EBIT | $159M |
| EBITDA | $175M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $107M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$97M |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | $475M |
| OPERATING CASH FLOW | $466M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $92M |
| Purchases of Investments | -$2.2B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$293M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$96M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $460M |
| Net Change in Cash | $69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $340M |
| Short-Term Investments | $1.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $293M |
| Goodwill | $145M |
| Intangible Assets | $668M |
| Long-Term Investments | $46.6B |
| Tax Assets | $190M |
| Other Non-Current Assets | $9.0B |
| TOTAL NON-CURRENT ASSETS | $56.2B |
| TOTAL ASSETS | $60.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $3.7B |
| Other Current Liabilities | $13.8B |
| TOTAL CURRENT LIABILITIES | $45.6B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $3.7B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $48.3B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.2B |
| Treasury Stock | -$67M |
| Accum. Other Comp. Income | $139M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.1B |
| TOTAL LIABILITIES & EQUITY | $60.5B |
| Total Debt | $2.7B |
| Net Debt | $2.3B |
