| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.3B | 2.7% | 9.1% |
| Op. Income | $427M | $421M | $412M | 1.4% | 3.6% |
| Gross Margin | 77.9% | 77.3% | 81.3% | 0.6pp | -3.4pp |
| Net Margin | 25.5% | 25.8% | 27.1% | -0.3pp | -1.6pp |
| EPS (Diluted) | $0.33 | $0.32 | $0.30 | 3.1% | 10.0% |
| Free Cash Flow | $328M | $473M | $286M | -30.7% | 14.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $315M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $436M |
| SG&A Expenses | $447M |
| Other Expenses | $238M |
| Operating Expenses | $685M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $427M |
| Interest Income | $1.1B |
| Interest Expense | $256M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $427M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $364M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $364M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $346M |
| D&A | $73M |
| EBIT | $427M |
| EBITDA | $500M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $315M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $436M |
| SG&A Expenses | $447M |
| Other Expenses | $238M |
| Operating Expenses | $685M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $427M |
| Interest Income | $1.1B |
| Interest Expense | $256M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $427M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $364M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $364M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $346M |
| D&A | $73M |
| EBIT | $427M |
| EBITDA | $500M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $364M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$173M |
| OPERATING CASH FLOW | $355M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.7B |
| Sales/Maturities of Investments | $2.3B |
| Other Investing Activities | -$652M |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | $855M |
| Common Stock Repurchased | -$152M |
| Common Dividends Paid | -$147M |
| Other Financing Activities | -$566M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $328M |
| Net Change in Cash | $262M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $311M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $774M |
| Goodwill | $2.0B |
| Intangible Assets | $481M |
| Long-Term Investments | $97.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.8B |
| TOTAL NON-CURRENT ASSETS | $106.2B |
| TOTAL ASSETS | $108.2B |
| Account Payables | $0 |
| Short-Term Debt | $4.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $80.9B |
| TOTAL CURRENT LIABILITIES | $85.0B |
| Long-Term Debt | $9.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $11.5B |
| TOTAL LIABILITIES | $96.6B |
| Common Stock | $10M |
| Additional Paid-In Capital | $9.0B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$52M |
| Accum. Other Comp. Income | -$273M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.7B |
| TOTAL LIABILITIES & EQUITY | $108.2B |
| Total Debt | $13.1B |
| Net Debt | $11.4B |
