| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36.0B | $36.1B | $32.8B | -0.3% | 9.5% |
| Op. Income | $11.3B | $11.2B | $10.6B | 1.0% | 7.3% |
| Gross Margin | 76.8% | 76.6% | 80.8% | 0.1pp | -4.1pp |
| Net Margin | 26.8% | 25.5% | 25.3% | 1.4pp | 1.5pp |
| EPS (Diluted) | $2.82 | $2.64 | $2.29 | 6.8% | 23.1% |
| Free Cash Flow | -$19.1B | -$80.9B | $35.7B | 76.4% | -153.5% |
| Item | Amount |
|---|---|
| REVENUE | $36.0B |
| Cost of Revenue | $8.4B |
| GROSS PROFIT | $27.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $777M |
| General & Administrative | $8.5B |
| SG&A Expenses | $9.3B |
| Other Expenses | $6.9B |
| Operating Expenses | $16.3B |
| Cost & Expenses | $24.6B |
| OPERATING INCOME | $11.3B |
| Interest Income | $21.6B |
| Interest Expense | $7.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11.3B |
| Income Tax Expense | $1.7B |
| Net Income from Continuing Ops | $9.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9.2B |
| D&A | $2.0B |
| EBIT | $11.3B |
| EBITDA | $13.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $36.0B |
| Cost of Revenue | $8.4B |
| GROSS PROFIT | $27.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $777M |
| General & Administrative | $8.5B |
| SG&A Expenses | $9.3B |
| Other Expenses | $6.9B |
| Operating Expenses | $16.3B |
| Cost & Expenses | $24.6B |
| OPERATING INCOME | $11.3B |
| Interest Income | $21.6B |
| Interest Expense | $7.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11.3B |
| Income Tax Expense | $1.7B |
| Net Income from Continuing Ops | $9.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9.2B |
| D&A | $2.0B |
| EBIT | $11.3B |
| EBITDA | $13.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $9.7B |
| Depreciation & Amortization | $2.0B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$275M |
| Other Non-Cash Items | $1.9B |
| Change in Working Capital | -$27.2B |
| OPERATING CASH FLOW | -$19.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$69.6B |
| Sales/Maturities of Investments | $68.7B |
| Other Investing Activities | -$2.7B |
| NET CASH FROM INVESTING | -$3.6B |
| Net Debt Issuance | -$23.7B |
| Common Stock Repurchased | -$5.2B |
| Common Dividends Paid | -$3.0B |
| Other Financing Activities | $19.0B |
| NET CASH FROM FINANCING | -$13.0B |
| FREE CASH FLOW | -$19.1B |
| Net Change in Cash | -$34.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $268.0B |
| Short-Term Investments | $276.4B |
| Net Receivables | $88.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $632.8B |
| PP&E (Net) | $24.7B |
| Goodwill | $47.5B |
| Intangible Assets | $5.8B |
| Long-Term Investments | $975.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0T |
| TOTAL NON-CURRENT ASSETS | $2.1T |
| TOTAL ASSETS | $2.7T |
| Account Payables | $216.1B |
| Short-Term Debt | $261.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6T |
| TOTAL CURRENT LIABILITIES | $1.9T |
| Long-Term Debt | $288.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $241.7B |
| TOTAL NON-CURRENT LIABILITIES | $530.6B |
| TOTAL LIABILITIES | $2.5T |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $88.4B |
| Retained Earnings | $212.1B |
| Treasury Stock | -$69.4B |
| Accum. Other Comp. Income | $1.1B |
| Other Equity | -$21M |
| TOTAL STOCKHOLDERS' EQUITY | $263.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $263.2B |
| TOTAL LIABILITIES & EQUITY | $2.7T |
| Total Debt | $550.4B |
| Net Debt | $282.4B |
