| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.7B | $20.6B | $20.3B | 0.8% | 1.9% |
| Op. Income | $5.9B | $5.4B | $5.7B | 8.9% | 3.2% |
| Gross Margin | 66.9% | 66.2% | 67.6% | 0.6pp | -0.7pp |
| Net Margin | 8.5% | 27.3% | 19.3% | -18.8pp | -10.9pp |
| EPS (Diluted) | $1.81 | $2.08 | $1.44 | -13.0% | 25.7% |
| Free Cash Flow | $6.8B | $5.1B | $5.5B | 32.7% | 24.4% |
| Item | Amount |
|---|---|
| REVENUE | $20.7B |
| Cost of Revenue | $6.9B |
| GROSS PROFIT | $13.9B |
| R&D Expenses | $2.6B |
| Selling & Marketing | $0 |
| General & Administrative | $5.4B |
| SG&A Expenses | $5.4B |
| Other Expenses | $0 |
| Operating Expenses | $8.0B |
| Cost & Expenses | $14.8B |
| OPERATING INCOME | $5.9B |
| Interest Income | $89M |
| Interest Expense | $48M |
| Other Income/Expenses | -$4.2B |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | -$106M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $1.7B |
| EBIT | $1.7B |
| EBITDA | $3.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $20.7B |
| Cost of Revenue | $6.9B |
| GROSS PROFIT | $13.9B |
| R&D Expenses | $2.6B |
| Selling & Marketing | $0 |
| General & Administrative | $5.4B |
| SG&A Expenses | $5.4B |
| Other Expenses | $0 |
| Operating Expenses | $8.0B |
| Cost & Expenses | $14.8B |
| OPERATING INCOME | $5.9B |
| Interest Income | $89M |
| Interest Expense | $48M |
| Other Income/Expenses | -$4.2B |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | -$106M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $1.7B |
| EBIT | $1.7B |
| EBITDA | $3.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $1.7B |
| Stock-Based Compensation | $245M |
| Deferred Income Tax | -$1.4B |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | $5.3B |
| OPERATING CASH FLOW | $7.5B |
| Capital Expenditure | -$745M |
| Acquisitions (Net) | -$216M |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $327M |
| Other Investing Activities | $156M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $55M |
| Common Stock Repurchased | -$1.6B |
| Common Dividends Paid | -$2.5B |
| Other Financing Activities | $179M |
| NET CASH FROM FINANCING | -$3.9B |
| FREE CASH FLOW | $6.8B |
| Net Change in Cash | $1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16.2B |
| Short-Term Investments | $1.7B |
| Net Receivables | $14.8B |
| Inventory | $9.2B |
| Other Current Assets | $194M |
| TOTAL CURRENT ASSETS | $44.3B |
| PP&E (Net) | $17.0B |
| Goodwill | $33.3B |
| Intangible Assets | $47.8B |
| Long-Term Investments | $0 |
| Tax Assets | $7.7B |
| Other Non-Current Assets | $5.3B |
| TOTAL NON-CURRENT ASSETS | $111.2B |
| TOTAL ASSETS | $155.5B |
| Account Payables | $7.5B |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.5B |
| TOTAL CURRENT LIABILITIES | $35.2B |
| Long-Term Debt | $26.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.5B |
| Other Non-Current Liabilities | $28.7B |
| TOTAL NON-CURRENT LIABILITIES | $62.1B |
| TOTAL LIABILITIES | $97.3B |
| Common Stock | $3.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $109.2B |
| Treasury Stock | -$38.6B |
| Accum. Other Comp. Income | -$15.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $58.2B |
| TOTAL LIABILITIES & EQUITY | $155.5B |
| Total Debt | $29.2B |
| Net Debt | $13.0B |
