| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.9B | $11.1B | $10.1B | -11.3% | -2.2% |
| Op. Income | $1.3B | $1.6B | $1.2B | -18.1% | 4.7% |
| Gross Margin | 30.3% | 30.2% | 29.0% | 0.1pp | 1.3pp |
| Net Margin | 9.1% | 10.2% | 9.0% | -1.1pp | 0.1pp |
| EPS (Diluted) | $2.81 | $3.52 | $2.78 | -20.2% | 1.1% |
| Free Cash Flow | $1.1B | -$600M | -$173M | 282.5% | 734.9% |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $6.9B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $431M |
| Selling & Marketing | $0 |
| General & Administrative | $896M |
| SG&A Expenses | $896M |
| Other Expenses | $352M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $8.5B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $374M |
| Other Income/Expenses | -$184M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $221M |
| Net Income from Continuing Ops | $899M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $899M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $899M |
| D&A | $506M |
| EBIT | $1.5B |
| EBITDA | $2.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $6.9B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $431M |
| Selling & Marketing | $0 |
| General & Administrative | $896M |
| SG&A Expenses | $896M |
| Other Expenses | $352M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $8.5B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $374M |
| Other Income/Expenses | -$184M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $221M |
| Net Income from Continuing Ops | $899M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $899M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $899M |
| D&A | $506M |
| EBIT | $1.5B |
| EBITDA | $2.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $899M |
| Depreciation & Amortization | $506M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$50M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $485M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$803M |
| Acquisitions (Net) | $348M |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | $373M |
| Common Stock Repurchased | -$399M |
| Common Dividends Paid | -$241M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$256M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $565M |
| Net Receivables | $40.6B |
| Inventory | $6.7B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $51.3B |
| PP&E (Net) | $13.1B |
| Goodwill | $3.0B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $219M |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $3.4B |
| TOTAL NON-CURRENT ASSETS | $22.2B |
| TOTAL ASSETS | $73.5B |
| Account Payables | $9.4B |
| Short-Term Debt | $16.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25.7B |
| Long-Term Debt | $29.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $507M |
| Other Non-Current Liabilities | $5.8B |
| TOTAL NON-CURRENT LIABILITIES | $35.5B |
| TOTAL LIABILITIES | $61.2B |
| Common Stock | $4.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $29.4B |
| Treasury Stock | -$17.1B |
| Accum. Other Comp. Income | -$4.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.3B |
| Minority Interest | $18M |
| TOTAL EQUITY | $12.3B |
| TOTAL LIABILITIES & EQUITY | $73.5B |
| Total Debt | $45.4B |
| Net Debt | $42.0B |
