| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $5.7B | $5.6B | -1.4% | 0.1% |
| Op. Income | -$1.5B | $2.4B | $2.6B | -160.6% | -156.2% |
| Gross Margin | 81.5% | 82.4% | 80.6% | -0.9pp | 0.9pp |
| Net Margin | -20.8% | 33.1% | 37.5% | -53.9pp | -58.3pp |
| EPS (Diluted) | $-0.92 | $1.47 | $1.60 | -162.6% | -157.5% |
| Free Cash Flow | $2.4B | $2.2B | $2.0B | 13.4% | 19.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $1.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $4.0B |
| Operating Expenses | $6.0B |
| Cost & Expenses | $7.1B |
| OPERATING INCOME | -$1.5B |
| Interest Income | $0 |
| Interest Expense | $250M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | -$1.5B |
| Income Tax Expense | -$333M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $347M |
| EBIT | -$1.3B |
| EBITDA | -$904M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $347M |
| Stock-Based Compensation | $162M |
| Deferred Income Tax | -$824M |
| Other Non-Cash Items | $4.0B |
| Change in Working Capital | $108M |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$200M |
| Acquisitions (Net) | -$4.0B |
| Purchases of Investments | -$8.2B |
| Sales/Maturities of Investments | $10.6B |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | -$1.5B |
| Common Stock Repurchased | -$222M |
| Common Dividends Paid | -$804M |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | -$2.5B |
| FREE CASH FLOW | $2.4B |
| Net Change in Cash | -$1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.5B |
| Short-Term Investments | $13.4B |
| Net Receivables | $3.3B |
| Inventory | $882M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $28.4B |
| PP&E (Net) | $4.4B |
| Goodwill | $4.1B |
| Intangible Assets | $14.9B |
| Long-Term Investments | $2.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.2B |
| TOTAL NON-CURRENT ASSETS | $30.8B |
| TOTAL ASSETS | $59.1B |
| Account Payables | $632M |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $492M |
| TOTAL CURRENT LIABILITIES | $9.6B |
| Long-Term Debt | $22.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.8B |
| TOTAL NON-CURRENT LIABILITIES | $28.8B |
| TOTAL LIABILITIES | $38.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $17.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $117M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.6B |
| Minority Interest | $132M |
| TOTAL EQUITY | $20.7B |
| TOTAL LIABILITIES & EQUITY | $59.1B |
| Total Debt | $24.6B |
| Net Debt | $15.1B |
