| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30.8B | $26.4B | $30.5B | 16.9% | 1.2% |
| Op. Income | $4.9B | $3.6B | $4.9B | 36.1% | -0.1% |
| Gross Margin | 33.8% | 34.2% | 34.0% | -0.4pp | -0.2pp |
| Net Margin | 11.3% | 9.5% | 11.5% | 1.8pp | -0.2pp |
| EPS (Diluted) | $3.17 | $2.27 | $3.05 | 39.6% | 3.9% |
| Free Cash Flow | $3.3B | $4.0B | $3.4B | -19.0% | -3.7% |
| Item | Amount |
|---|---|
| REVENUE | $30.8B |
| Cost of Revenue | $20.4B |
| GROSS PROFIT | $10.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5.0B |
| SG&A Expenses | $5.0B |
| Other Expenses | $492M |
| Operating Expenses | $5.5B |
| Cost & Expenses | $25.9B |
| OPERATING INCOME | $4.9B |
| Interest Income | $19M |
| Interest Expense | $302M |
| Other Income/Expenses | -$283M |
| INCOME BEFORE TAX | $4.6B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.5B |
| D&A | $560M |
| EBIT | $4.9B |
| EBITDA | $5.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $30.8B |
| Cost of Revenue | $20.4B |
| GROSS PROFIT | $10.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5.0B |
| SG&A Expenses | $5.0B |
| Other Expenses | $492M |
| Operating Expenses | $5.5B |
| Cost & Expenses | $25.9B |
| OPERATING INCOME | $4.9B |
| Interest Income | $19M |
| Interest Expense | $302M |
| Other Income/Expenses | -$283M |
| INCOME BEFORE TAX | $4.6B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.5B |
| D&A | $560M |
| EBIT | $4.9B |
| EBITDA | $5.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $3.5B |
| Depreciation & Amortization | $560M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $53M |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | -$303M |
| OPERATING CASH FLOW | $3.8B |
| Capital Expenditure | -$565M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$561M |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $3.3B |
| Net Change in Cash | $665M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $14.7B |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $20.7B |
| PP&E (Net) | $28.2B |
| Goodwill | $2.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $881M |
| TOTAL NON-CURRENT ASSETS | $31.3B |
| TOTAL ASSETS | $52.0B |
| Account Payables | $9.5B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $2.2B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18.8B |
| Long-Term Debt | $27.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $34.4B |
| TOTAL LIABILITIES | $53.2B |
| Common Stock | $89M |
| Additional Paid-In Capital | $10.8B |
| Retained Earnings | $49.4B |
| Treasury Stock | -$60.7B |
| Accum. Other Comp. Income | -$776M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.2B |
| TOTAL LIABILITIES & EQUITY | $52.0B |
| Total Debt | $34.5B |
| Net Debt | $31.9B |
