| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34.8B | $36.3B | $42.1B | -4.3% | -17.4% |
| Op. Income | $3.0B | $3.7B | $4.2B | -18.2% | -27.1% |
| Gross Margin | 30.3% | 30.7% | 28.6% | -0.4pp | 1.7pp |
| Net Margin | 7.4% | 11.9% | 9.6% | -4.4pp | -2.2pp |
| EPS (Diluted) | $1.36 | $2.27 | $2.11 | -40.1% | -35.5% |
| Free Cash Flow | $4.4B | $5.2B | $6.0B | -14.4% | -25.8% |
| Item | Amount |
|---|---|
| REVENUE | $34.8B |
| Cost of Revenue | $24.2B |
| GROSS PROFIT | $10.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $954M |
| Other Expenses | $6.6B |
| Operating Expenses | $7.5B |
| Cost & Expenses | $31.7B |
| OPERATING INCOME | $3.0B |
| Interest Income | $0 |
| Interest Expense | $197M |
| Other Income/Expenses | $1.0B |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $1.5B |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $4.4B |
| EBIT | $4.2B |
| EBITDA | $8.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $34.8B |
| Cost of Revenue | $24.2B |
| GROSS PROFIT | $10.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $954M |
| Other Expenses | $6.6B |
| Operating Expenses | $7.5B |
| Cost & Expenses | $31.7B |
| OPERATING INCOME | $3.0B |
| Interest Income | $0 |
| Interest Expense | $197M |
| Other Income/Expenses | $1.0B |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $1.5B |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $4.4B |
| EBIT | $4.2B |
| EBITDA | $8.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.6B |
| Depreciation & Amortization | $4.4B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $592M |
| Other Non-Cash Items | -$1.3B |
| Change in Working Capital | $1.6B |
| OPERATING CASH FLOW | $7.8B |
| Capital Expenditure | -$3.4B |
| Acquisitions (Net) | $21M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$220M |
| NET CASH FROM INVESTING | -$3.6B |
| Net Debt Issuance | $2.2B |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | -$2.2B |
| Other Financing Activities | $237M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $4.4B |
| Net Change in Cash | $3.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.7B |
| Short-Term Investments | $58M |
| Net Receivables | $13.0B |
| Inventory | $6.0B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $34.0B |
| PP&E (Net) | $164.4B |
| Goodwill | $4.5B |
| Intangible Assets | $0 |
| Long-Term Investments | $38.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $15.4B |
| TOTAL NON-CURRENT ASSETS | $222.5B |
| TOTAL ASSETS | $256.5B |
| Account Payables | $13.2B |
| Short-Term Debt | $7.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $30.2B |
| Long-Term Debt | $25.1B |
| Deferred Revenue NC | $21.6B |
| Deferred Tax Liabilities | $17.1B |
| Other Non-Current Liabilities | $5.7B |
| TOTAL NON-CURRENT LIABILITIES | $69.4B |
| TOTAL LIABILITIES | $99.6B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $17.2B |
| Retained Earnings | $183.8B |
| Treasury Stock | -$43.5B |
| Accum. Other Comp. Income | -$3.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $155.8B |
| Minority Interest | $1.1B |
| TOTAL EQUITY | $156.9B |
| TOTAL LIABILITIES & EQUITY | $256.5B |
| Total Debt | $32.9B |
| Net Debt | $21.2B |
