| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.1B | $7.8B | $10.5B | 43.3% | 5.8% |
| Op. Income | $1.6B | $802M | $1.5B | 98.6% | 8.5% |
| Gross Margin | 30.2% | 30.0% | 30.2% | 0.2pp | 0.0pp |
| Net Margin | 10.2% | 6.4% | 11.5% | 3.8pp | -1.3pp |
| EPS (Diluted) | $3.52 | $1.54 | $3.67 | 128.6% | -4.1% |
| Free Cash Flow | -$600M | -$2.3B | -$662M | 74.0% | 9.3% |
| Item | Amount |
|---|---|
| REVENUE | $11.1B |
| Cost of Revenue | $7.8B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $457M |
| Selling & Marketing | $0 |
| General & Administrative | $947M |
| SG&A Expenses | $947M |
| Other Expenses | $359M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $351M |
| Other Income/Expenses | -$114M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $343M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $513M |
| EBIT | $1.8B |
| EBITDA | $2.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $11.1B |
| Cost of Revenue | $7.8B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $457M |
| Selling & Marketing | $0 |
| General & Administrative | $947M |
| SG&A Expenses | $947M |
| Other Expenses | $359M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $351M |
| Other Income/Expenses | -$114M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $343M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $513M |
| EBIT | $1.8B |
| EBITDA | $2.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $513M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$227M |
| Other Non-Cash Items | $216M |
| Change in Working Capital | -$1.5B |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | -$756M |
| Acquisitions (Net) | $453M |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$1.0B |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $535M |
| Common Stock Repurchased | -$337M |
| Common Dividends Paid | -$242M |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | -$600M |
| Net Change in Cash | -$137M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $545M |
| Net Receivables | $39.7B |
| Inventory | $7.2B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $50.9B |
| PP&E (Net) | $12.8B |
| Goodwill | $3.0B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $235M |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $21.8B |
| TOTAL ASSETS | $72.7B |
| Account Payables | $9.6B |
| Short-Term Debt | $16.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $26.3B |
| Long-Term Debt | $28.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $514M |
| Other Non-Current Liabilities | $5.7B |
| TOTAL NON-CURRENT LIABILITIES | $34.5B |
| TOTAL LIABILITIES | $60.8B |
| Common Stock | $4.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $28.7B |
| Treasury Stock | -$16.7B |
| Accum. Other Comp. Income | -$4.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.9B |
| Minority Interest | $19M |
| TOTAL EQUITY | $11.9B |
| TOTAL LIABILITIES & EQUITY | $72.7B |
| Total Debt | $44.7B |
| Net Debt | $41.2B |
