| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | $1.9B | 2.2% | 6.1% |
| Op. Income | $372M | $415M | $61M | -10.2% | 512.8% |
| Gross Margin | 24.6% | 26.8% | 8.9% | -2.3pp | 15.7pp |
| Net Margin | 16.6% | 18.0% | 3.7% | -1.5pp | 12.9pp |
| EPS (Diluted) | $8.39 | $8.54 | $1.70 | -1.8% | 393.5% |
| Free Cash Flow | $394M | $460M | -$63M | -14.4% | 725.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $493M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $113M |
| Operating Expenses | $121M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $372M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $372M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $333M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $333M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $329M |
| D&A | $0 |
| EBIT | $381M |
| EBITDA | $381M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $493M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $113M |
| Operating Expenses | $121M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $372M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $372M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $333M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $333M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $329M |
| D&A | $0 |
| EBIT | $381M |
| EBITDA | $381M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $333M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $49M |
| OPERATING CASH FLOW | $394M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $35M |
| NET CASH FROM INVESTING | -$258M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$57M |
| Other Financing Activities | $498.0K |
| NET CASH FROM FINANCING | -$65M |
| FREE CASH FLOW | $394M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $661M |
| Short-Term Investments | $16.5B |
| Net Receivables | $4.5B |
| Inventory | $0 |
| Other Current Assets | -$22.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $17.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$17.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $26.4B |
| Account Payables | $346M |
| Short-Term Debt | $397M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$892M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $634M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$703M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $17.5B |
| Common Stock | $694.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $10.2B |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $26.4B |
| Total Debt | $1.1B |
| Net Debt | $439M |
