| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19.5B | $21.6B | $23.0B | -9.5% | -15.3% |
| Op. Income | $2.2B | $2.6B | $4.0B | -16.6% | -46.0% |
| Gross Margin | 14.6% | 16.8% | 21.0% | -2.2pp | -6.4pp |
| Net Margin | 3.1% | 2.3% | 7.8% | 0.8pp | -4.6pp |
| EPS (Diluted) | $0.35 | $0.28 | $0.98 | 25.0% | -64.3% |
| Free Cash Flow | $182M | $2.9B | $2.7B | -93.8% | -93.1% |
| Item | Amount |
|---|---|
| REVENUE | $19.5B |
| Cost of Revenue | $16.7B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $824M |
| SG&A Expenses | $824M |
| Other Expenses | -$152M |
| Operating Expenses | $672M |
| Cost & Expenses | $17.3B |
| OPERATING INCOME | $2.2B |
| Interest Income | $1.3B |
| Interest Expense | $1.3B |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $1.5B |
| Net Income from Continuing Ops | $613M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $611M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $611M |
| D&A | $2.4B |
| EBIT | $3.4B |
| EBITDA | $5.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $19.5B |
| Cost of Revenue | $16.7B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $824M |
| SG&A Expenses | $824M |
| Other Expenses | -$152M |
| Operating Expenses | $672M |
| Cost & Expenses | $17.3B |
| OPERATING INCOME | $2.2B |
| Interest Income | $1.3B |
| Interest Expense | $1.3B |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $1.5B |
| Net Income from Continuing Ops | $613M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $611M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $611M |
| D&A | $2.4B |
| EBIT | $3.4B |
| EBITDA | $5.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $613M |
| Depreciation & Amortization | $2.4B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1.5B |
| Other Non-Cash Items | $159M |
| Change in Working Capital | -$512M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$2.2B |
| Acquisitions (Net) | $219M |
| Purchases of Investments | -$3.4B |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$173M |
| NET CASH FROM INVESTING | -$5.6B |
| Net Debt Issuance | -$2.0B |
| Common Stock Repurchased | -$206M |
| Common Dividends Paid | -$1.8B |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4.0B |
| FREE CASH FLOW | $182M |
| Net Change in Cash | -$7.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.2B |
| Short-Term Investments | $8.4B |
| Net Receivables | $16.4B |
| Inventory | $5.5B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $37.8B |
| PP&E (Net) | $81.0B |
| Goodwill | $0 |
| Intangible Assets | $3.7B |
| Long-Term Investments | $13.5B |
| Tax Assets | $4.4B |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $105.3B |
| TOTAL ASSETS | $143.0B |
| Account Payables | $11.4B |
| Short-Term Debt | $6.1B |
| Deferred Revenue | $2.8B |
| Other Current Liabilities | $7.2B |
| TOTAL CURRENT LIABILITIES | $31.8B |
| Long-Term Debt | $22.1B |
| Deferred Revenue NC | $16.2B |
| Deferred Tax Liabilities | $5.2B |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $51.1B |
| TOTAL LIABILITIES | $82.9B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | $46.4B |
| Treasury Stock | -$947M |
| Accum. Other Comp. Income | $10.0B |
| Other Equity | -$4.7B |
| TOTAL STOCKHOLDERS' EQUITY | $60.1B |
| Minority Interest | $68M |
| TOTAL EQUITY | $60.2B |
| TOTAL LIABILITIES & EQUITY | $143.0B |
| Total Debt | $35.0B |
| Net Debt | $29.8B |
