| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.7B | $5.3B | $5.6B | 7.7% | 0.7% |
| Op. Income | $2.4B | $2.2B | $2.3B | 8.6% | 6.6% |
| Gross Margin | 82.4% | 81.9% | 78.8% | 0.5pp | 3.6pp |
| Net Margin | 33.1% | 37.4% | 32.2% | -4.3pp | 0.9pp |
| EPS (Diluted) | $1.47 | $1.54 | $1.39 | -4.5% | 5.8% |
| Free Cash Flow | $2.2B | $1.3B | $1.3B | 61.0% | 69.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $995M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $165M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $248M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $535M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $348M |
| EBIT | $2.7B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $995M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $165M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $248M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $535M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $348M |
| EBIT | $2.7B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $348M |
| Stock-Based Compensation | $174M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $142M |
| Change in Working Capital | -$201M |
| OPERATING CASH FLOW | $2.3B |
| Capital Expenditure | -$185M |
| Acquisitions (Net) | -$287M |
| Purchases of Investments | -$10.3B |
| Sales/Maturities of Investments | $4.5B |
| Other Investing Activities | $150M |
| NET CASH FROM INVESTING | -$6.2B |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | -$588M |
| Common Dividends Paid | -$800M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | -$5.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.2B |
| Short-Term Investments | $15.9B |
| Net Receivables | $3.4B |
| Inventory | $884M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $33.7B |
| PP&E (Net) | $4.2B |
| Goodwill | $4.1B |
| Intangible Assets | $15.2B |
| Long-Term Investments | $3.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $29.5B |
| TOTAL ASSETS | $63.2B |
| Account Payables | $617M |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $433M |
| TOTAL CURRENT LIABILITIES | $9.0B |
| Long-Term Debt | $24.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.4B |
| TOTAL NON-CURRENT LIABILITIES | $31.5B |
| TOTAL LIABILITIES | $40.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $19.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $102M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.6B |
| Minority Interest | $135M |
| TOTAL EQUITY | $22.8B |
| TOTAL LIABILITIES & EQUITY | $63.2B |
| Total Debt | $26.1B |
| Net Debt | $14.8B |
