| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.3B | $16.3B | $14.2B | -0.0% | 14.4% |
| Op. Income | $889M | $1.2B | $910M | -28.4% | -2.3% |
| Gross Margin | 18.0% | 18.3% | 21.1% | -0.3pp | -3.1pp |
| Net Margin | 4.2% | 5.8% | 4.5% | -1.5pp | -0.3pp |
| EPS (Diluted) | $5.14 | $6.94 | $4.65 | -25.9% | 10.5% |
| Free Cash Flow | $2.2B | $1.3B | -$1.2B | 74.8% | 283.1% |
| Item | Amount |
|---|---|
| REVENUE | $16.3B |
| Cost of Revenue | $13.3B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.0B |
| Operating Expenses | $2.0B |
| Cost & Expenses | $15.4B |
| OPERATING INCOME | $889M |
| Interest Income | $0 |
| Interest Expense | $62M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $889M |
| Income Tax Expense | $200M |
| Net Income from Continuing Ops | $689M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $689M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $689M |
| D&A | $159M |
| EBIT | $951M |
| EBITDA | $1.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $16.3B |
| Cost of Revenue | $13.3B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.0B |
| Operating Expenses | $2.0B |
| Cost & Expenses | $15.4B |
| OPERATING INCOME | $889M |
| Interest Income | $0 |
| Interest Expense | $62M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $889M |
| Income Tax Expense | $200M |
| Net Income from Continuing Ops | $689M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $689M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $689M |
| D&A | $159M |
| EBIT | $951M |
| EBITDA | $1.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $689M |
| Depreciation & Amortization | $159M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $1.6B |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$210M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$995M |
| Sales/Maturities of Investments | $639M |
| Other Investing Activities | -$356M |
| NET CASH FROM INVESTING | -$566M |
| Net Debt Issuance | $335M |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$74M |
| Other Financing Activities | -$388M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | $749M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.5B |
| Short-Term Investments | $0 |
| Net Receivables | $848M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $2.3B |
| Goodwill | $3.9B |
| Intangible Assets | $194M |
| Long-Term Investments | $11.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $22.8B |
| TOTAL ASSETS | $29.2B |
| Account Payables | $6.2B |
| Short-Term Debt | $819M |
| Deferred Revenue | $274M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.3B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.6B |
| TOTAL NON-CURRENT LIABILITIES | $10.3B |
| TOTAL LIABILITIES | $17.6B |
| Common Stock | $33M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $17.0B |
| Treasury Stock | -$8.3B |
| Accum. Other Comp. Income | $177M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.6B |
| TOTAL LIABILITIES & EQUITY | $29.2B |
| Total Debt | $6.5B |
| Net Debt | $981M |
