| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.4B | $2.6B | -0.8% | -9.8% |
| Op. Income | $368M | $326M | $409M | 12.9% | -10.0% |
| Gross Margin | 25.0% | 24.1% | 25.2% | 1.0pp | -0.1pp |
| Net Margin | 11.0% | 8.8% | 13.2% | 2.1pp | -2.2pp |
| EPS (Diluted) | $1.85 | $1.49 | $2.39 | 24.2% | -22.6% |
| Free Cash Flow | $330M | -$111M | $327M | 397.3% | 0.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $590M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $165M |
| Other Expenses | $0 |
| Operating Expenses | $222M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $368M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $316M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $259M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $258M |
| D&A | $156M |
| EBIT | $370M |
| EBITDA | $526M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $590M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $165M |
| Other Expenses | $0 |
| Operating Expenses | $222M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $368M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $316M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $259M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $258M |
| D&A | $156M |
| EBIT | $370M |
| EBITDA | $526M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $259M |
| Depreciation & Amortization | $156M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $422M |
| Capital Expenditure | -$92M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$94M |
| Net Debt Issuance | -$131M |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | -$86M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$339M |
| FREE CASH FLOW | $330M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $1.7B |
| Other Current Assets | $82M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $5.8B |
| Goodwill | $4.5B |
| Intangible Assets | $2.1B |
| Long-Term Investments | -$888M |
| Tax Assets | $888M |
| Other Non-Current Assets | $405M |
| TOTAL NON-CURRENT ASSETS | $12.7B |
| TOTAL ASSETS | $16.3B |
| Account Payables | $814M |
| Short-Term Debt | $731M |
| Deferred Revenue | $205M |
| Other Current Liabilities | $509M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $888M |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $8.1B |
| TOTAL LIABILITIES | $10.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $7.8B |
| Treasury Stock | -$3.8B |
| Accum. Other Comp. Income | -$235M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $77M |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $16.3B |
| Total Debt | $6.4B |
| Net Debt | $6.2B |
