| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $4.1B | $4.2B | -19.8% | -22.0% |
| Op. Income | $396M | $647M | $528M | -38.8% | -25.1% |
| Gross Margin | 36.6% | 35.0% | 31.2% | 1.6pp | 5.3pp |
| Net Margin | 15.4% | 11.4% | 13.4% | 4.0pp | 2.0pp |
| EPS (Diluted) | $0.40 | $0.37 | $0.44 | 8.1% | -10.3% |
| Free Cash Flow | $348M | $1000M | $592M | -65.2% | -41.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $686M |
| Other Expenses | $129M |
| Operating Expenses | $816M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $396M |
| Interest Income | $393M |
| Interest Expense | $160M |
| Other Income/Expenses | $70M |
| INCOME BEFORE TAX | $465M |
| Income Tax Expense | -$51M |
| Net Income from Continuing Ops | $517M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $509M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $509M |
| D&A | $469M |
| EBIT | $523M |
| EBITDA | $992M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $686M |
| Other Expenses | $129M |
| Operating Expenses | $816M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $396M |
| Interest Income | $393M |
| Interest Expense | $160M |
| Other Income/Expenses | $70M |
| INCOME BEFORE TAX | $465M |
| Income Tax Expense | -$51M |
| Net Income from Continuing Ops | $517M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $509M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $509M |
| D&A | $469M |
| EBIT | $523M |
| EBITDA | $992M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $509M |
| Depreciation & Amortization | $469M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$117M |
| Change in Working Capital | -$429M |
| OPERATING CASH FLOW | $433M |
| Capital Expenditure | -$85M |
| Acquisitions (Net) | -$668M |
| Purchases of Investments | -$3.6B |
| Sales/Maturities of Investments | $1.9B |
| Other Investing Activities | -$603M |
| NET CASH FROM INVESTING | -$3.0B |
| Net Debt Issuance | $2.9B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$241M |
| Other Financing Activities | $138M |
| NET CASH FROM FINANCING | $2.8B |
| FREE CASH FLOW | $348M |
| Net Change in Cash | $504M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.6B |
| Short-Term Investments | $0 |
| Net Receivables | $28.5B |
| Inventory | $909M |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $41.4B |
| PP&E (Net) | $3.8B |
| Goodwill | $2.8B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $13.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.6B |
| TOTAL NON-CURRENT ASSETS | $34.6B |
| TOTAL ASSETS | $76.0B |
| Account Payables | $1.5B |
| Short-Term Debt | $4.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $8.0B |
| Long-Term Debt | $24.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25.0B |
| TOTAL NON-CURRENT LIABILITIES | $49.9B |
| TOTAL LIABILITIES | $57.9B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $15.5B |
| Treasury Stock | -$476M |
| Accum. Other Comp. Income | -$348M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.7B |
| Minority Interest | $461M |
| TOTAL EQUITY | $18.1B |
| TOTAL LIABILITIES & EQUITY | $76.0B |
| Total Debt | $29.0B |
| Net Debt | $21.4B |
