| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.0B | $19.2B | $18.8B | -5.9% | -3.9% |
| Op. Income | $1.9B | $2.4B | $3.5B | -18.8% | -44.5% |
| Gross Margin | 46.2% | 47.0% | 46.9% | -0.8pp | -0.7pp |
| Net Margin | 9.3% | 13.0% | 14.4% | -3.8pp | -5.1pp |
| EPS (Diluted) | $1.87 | $2.81 | $2.94 | -33.5% | -36.4% |
| Free Cash Flow | $2.9B | $2.2B | $3.3B | 29.8% | -12.5% |
| Item | Amount |
|---|---|
| REVENUE | $18.0B |
| Cost of Revenue | $9.7B |
| GROSS PROFIT | $8.3B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $381M |
| General & Administrative | $4.4B |
| SG&A Expenses | $4.7B |
| Other Expenses | $123M |
| Operating Expenses | $6.4B |
| Cost & Expenses | $16.1B |
| OPERATING INCOME | $1.9B |
| Interest Income | $63M |
| Interest Expense | $432M |
| Other Income/Expenses | -$402M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | -$151M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $1.7B |
| EBIT | $2.0B |
| EBITDA | $3.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $18.0B |
| Cost of Revenue | $9.7B |
| GROSS PROFIT | $8.3B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $381M |
| General & Administrative | $4.4B |
| SG&A Expenses | $4.7B |
| Other Expenses | $123M |
| Operating Expenses | $6.4B |
| Cost & Expenses | $16.1B |
| OPERATING INCOME | $1.9B |
| Interest Income | $63M |
| Interest Expense | $432M |
| Other Income/Expenses | -$402M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | -$151M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $1.7B |
| EBIT | $2.0B |
| EBITDA | $3.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $1.7B |
| Stock-Based Compensation | $220M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$41M |
| Change in Working Capital | $99M |
| OPERATING CASH FLOW | $3.6B |
| Capital Expenditure | -$751M |
| Acquisitions (Net) | -$32.5B |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $2.2B |
| NET CASH FROM INVESTING | -$30.4B |
| Net Debt Issuance | -$6.6B |
| Common Stock Repurchased | -$159M |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | $26M |
| NET CASH FROM FINANCING | -$8.2B |
| FREE CASH FLOW | $2.9B |
| Net Change in Cash | -$35.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.1B |
| Short-Term Investments | $733M |
| Net Receivables | $21.5B |
| Inventory | $1.7B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $38.1B |
| PP&E (Net) | $15.0B |
| Goodwill | $58.0B |
| Intangible Assets | $15.6B |
| Long-Term Investments | $2.2B |
| Tax Assets | $5.0B |
| Other Non-Current Assets | $15.8B |
| TOTAL NON-CURRENT ASSETS | $111.5B |
| TOTAL ASSETS | $149.6B |
| Account Payables | $4.0B |
| Short-Term Debt | $8.5B |
| Deferred Revenue | $11.2B |
| Other Current Liabilities | $3.5B |
| TOTAL CURRENT LIABILITIES | $35.1B |
| Long-Term Debt | $57.8B |
| Deferred Revenue NC | $3.4B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31.5B |
| TOTAL NON-CURRENT LIABILITIES | $96.5B |
| TOTAL LIABILITIES | $131.5B |
| Common Stock | $55.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $160.7B |
| Treasury Stock | -$169.5B |
| Accum. Other Comp. Income | -$29.1B |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | $18.0B |
| Minority Interest | $139M |
| TOTAL EQUITY | $18.1B |
| TOTAL LIABILITIES & EQUITY | $149.6B |
| Total Debt | $71.5B |
| Net Debt | $61.4B |
