| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.0B | $12.4B | $12.5B | 4.1% | 4.0% |
| Op. Income | $3.5B | $3.2B | $3.1B | 9.4% | 12.1% |
| Gross Margin | 63.1% | 62.5% | 62.3% | 0.6pp | 0.8pp |
| Net Margin | 23.5% | 22.7% | 21.6% | 0.8pp | 1.9pp |
| EPS (Diluted) | $0.69 | $0.63 | $0.56 | 9.5% | 23.2% |
| Free Cash Flow | $4.1B | $3.5B | $2.2B | 16.0% | 88.6% |
| Item | Amount |
|---|---|
| REVENUE | $13.0B |
| Cost of Revenue | $4.8B |
| GROSS PROFIT | $8.2B |
| R&D Expenses | $1.7B |
| Selling & Marketing | $2.4B |
| General & Administrative | $541M |
| SG&A Expenses | $2.9B |
| Other Expenses | $39M |
| Operating Expenses | $4.6B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $3.5B |
| Interest Income | $331M |
| Interest Expense | $211M |
| Other Income/Expenses | $102M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | $571M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $481M |
| EBIT | $3.8B |
| EBITDA | $4.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.0B |
| Cost of Revenue | $4.8B |
| GROSS PROFIT | $8.2B |
| R&D Expenses | $1.7B |
| Selling & Marketing | $2.4B |
| General & Administrative | $541M |
| SG&A Expenses | $2.9B |
| Other Expenses | $39M |
| Operating Expenses | $4.6B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $3.5B |
| Interest Income | $331M |
| Interest Expense | $211M |
| Other Income/Expenses | $102M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | $571M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $481M |
| EBIT | $3.8B |
| EBITDA | $4.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.0B |
| Depreciation & Amortization | $481M |
| Stock-Based Compensation | $374M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $454M |
| OPERATING CASH FLOW | $4.3B |
| Capital Expenditure | -$228M |
| Acquisitions (Net) | -$576M |
| Purchases of Investments | -$549M |
| Sales/Maturities of Investments | $7.0B |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $5.6B |
| Net Debt Issuance | -$2.0B |
| Common Stock Repurchased | -$6.1B |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | $33M |
| NET CASH FROM FINANCING | -$9.5B |
| FREE CASH FLOW | $4.1B |
| Net Change in Cash | $394M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.3B |
| Short-Term Investments | $24.4B |
| Net Receivables | $8.8B |
| Inventory | $1.5B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $47.3B |
| PP&E (Net) | $2.8B |
| Goodwill | $33.5B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $0 |
| Tax Assets | $4.0B |
| Other Non-Current Assets | $7.2B |
| TOTAL NON-CURRENT ASSETS | $50.0B |
| TOTAL ASSETS | $97.3B |
| Account Payables | $2.0B |
| Short-Term Debt | $7.8B |
| Deferred Revenue | $10.1B |
| Other Current Liabilities | $7.0B |
| TOTAL CURRENT LIABILITIES | $27.9B |
| Long-Term Debt | $15.9B |
| Deferred Revenue NC | $7.3B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.3B |
| TOTAL NON-CURRENT LIABILITIES | $32.6B |
| TOTAL LIABILITIES | $60.5B |
| Common Stock | $40.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$896M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $36.8B |
| TOTAL LIABILITIES & EQUITY | $97.3B |
| Total Debt | $23.7B |
| Net Debt | $13.4B |
