| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.2B | $8.9B | $10.9B | 4.0% | -15.3% |
| Op. Income | $1.8B | $1.6B | $1.8B | 7.3% | -0.8% |
| Gross Margin | 34.1% | 33.8% | 30.3% | 0.2pp | 3.8pp |
| Net Margin | 16.7% | 15.9% | 11.6% | 0.7pp | 5.1pp |
| EPS (Diluted) | $2.10 | $1.92 | $1.68 | 9.4% | 25.0% |
| Free Cash Flow | $1.5B | $993M | $1.7B | 51.8% | -9.3% |
| Item | Amount |
|---|---|
| REVENUE | $9.2B |
| Cost of Revenue | $6.1B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $7.5B |
| OPERATING INCOME | $1.8B |
| Interest Income | $63M |
| Interest Expense | $85M |
| Other Income/Expenses | $220M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $426M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $295M |
| EBIT | $2.1B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.2B |
| Cost of Revenue | $6.1B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $7.5B |
| OPERATING INCOME | $1.8B |
| Interest Income | $63M |
| Interest Expense | $85M |
| Other Income/Expenses | $220M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $426M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $295M |
| EBIT | $2.1B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $295M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | -$36M |
| Other Non-Cash Items | -$90M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$171M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $110M |
| NET CASH FROM INVESTING | $266M |
| Net Debt Issuance | -$62M |
| Common Stock Repurchased | -$1.9B |
| Common Dividends Paid | -$597M |
| Other Financing Activities | $231M |
| NET CASH FROM FINANCING | -$2.3B |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | -$400M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.2B |
| Short-Term Investments | $1.7B |
| Net Receivables | $7.4B |
| Inventory | $4.6B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $23.8B |
| PP&E (Net) | $5.3B |
| Goodwill | $15.6B |
| Intangible Assets | $3.9B |
| Long-Term Investments | $747M |
| Tax Assets | $259M |
| Other Non-Current Assets | $8.2B |
| TOTAL NON-CURRENT ASSETS | $34.0B |
| TOTAL ASSETS | $57.8B |
| Account Payables | $5.6B |
| Short-Term Debt | $7.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.9B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | $9.5B |
| TOTAL NON-CURRENT LIABILITIES | $19.8B |
| TOTAL LIABILITIES | $39.7B |
| Common Stock | $958M |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | $35.7B |
| Treasury Stock | -$22.2B |
| Accum. Other Comp. Income | -$3.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.9B |
| Minority Interest | $197M |
| TOTAL EQUITY | $18.1B |
| TOTAL LIABILITIES & EQUITY | $57.8B |
| Total Debt | $16.2B |
| Net Debt | $8.0B |
