| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $647M | $622M | $585M | 4.1% | 10.6% |
| Op. Income | $297M | $284M | $265M | 4.6% | 12.3% |
| Gross Margin | 81.4% | 79.2% | 81.0% | 2.1pp | 0.4pp |
| Net Margin | 40.4% | 27.7% | 30.2% | 12.8pp | 10.2pp |
| EPS (Diluted) | $2.90 | $1.93 | $1.91 | 50.3% | 51.8% |
| Free Cash Flow | $235M | $283M | $55M | -16.9% | 327.5% |
| Item | Amount |
|---|---|
| REVENUE | $647M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $527M |
| R&D Expenses | $0 |
| Selling & Marketing | $52M |
| General & Administrative | $107M |
| SG&A Expenses | $159M |
| Other Expenses | $71M |
| Operating Expenses | $229M |
| Cost & Expenses | $350M |
| OPERATING INCOME | $297M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $257M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $262M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $262M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $262M |
| D&A | $71M |
| EBIT | $297M |
| EBITDA | $368M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $647M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $527M |
| R&D Expenses | $0 |
| Selling & Marketing | $52M |
| General & Administrative | $107M |
| SG&A Expenses | $159M |
| Other Expenses | $71M |
| Operating Expenses | $229M |
| Cost & Expenses | $350M |
| OPERATING INCOME | $297M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $257M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $262M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $262M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $262M |
| D&A | $71M |
| EBIT | $297M |
| EBITDA | $368M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $262M |
| Depreciation & Amortization | $71M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$62M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$55M |
| OPERATING CASH FLOW | $253M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$251M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$268M |
| Net Debt Issuance | $95M |
| Common Stock Repurchased | -$702.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$130.0K |
| NET CASH FROM FINANCING | $121M |
| FREE CASH FLOW | $235M |
| Net Change in Cash | $116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $190M |
| Goodwill | $4.7B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $27M |
| Tax Assets | $0 |
| Other Non-Current Assets | $235M |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $12.0B |
| Account Payables | $1.5B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $870M |
| Other Current Liabilities | $153M |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $452M |
| Other Non-Current Liabilities | $255M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $123.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $4.3B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$928M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $12.0B |
| Total Debt | $4.6B |
| Net Debt | $3.4B |
