| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36.2B | $36.0B | $32.8B | 0.6% | 10.3% |
| Op. Income | $11.4B | $11.3B | $10.7B | 0.6% | 6.7% |
| Gross Margin | 76.8% | 76.8% | 80.2% | 0.0pp | -3.5pp |
| Net Margin | 25.1% | 26.8% | 25.6% | -1.8pp | -0.5pp |
| EPS (Diluted) | $2.68 | $2.82 | $2.34 | -5.0% | 14.5% |
| Free Cash Flow | $16.0B | -$19.1B | $27.5B | 183.9% | -41.8% |
| Item | Amount |
|---|---|
| REVENUE | $36.2B |
| Cost of Revenue | $8.4B |
| GROSS PROFIT | $27.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $895M |
| General & Administrative | $8.6B |
| SG&A Expenses | $9.5B |
| Other Expenses | $6.9B |
| Operating Expenses | $16.4B |
| Cost & Expenses | $24.8B |
| OPERATING INCOME | $11.4B |
| Interest Income | $21.1B |
| Interest Expense | $6.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11.4B |
| Income Tax Expense | $2.3B |
| Net Income from Continuing Ops | $9.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.6B |
| D&A | $2.1B |
| EBIT | $11.4B |
| EBITDA | $13.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $36.2B |
| Cost of Revenue | $8.4B |
| GROSS PROFIT | $27.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $895M |
| General & Administrative | $8.6B |
| SG&A Expenses | $9.5B |
| Other Expenses | $6.9B |
| Operating Expenses | $16.4B |
| Cost & Expenses | $24.8B |
| OPERATING INCOME | $11.4B |
| Interest Income | $21.1B |
| Interest Expense | $6.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11.4B |
| Income Tax Expense | $2.3B |
| Net Income from Continuing Ops | $9.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.6B |
| D&A | $2.1B |
| EBIT | $11.4B |
| EBITDA | $13.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $9.1B |
| Depreciation & Amortization | $2.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$398M |
| Other Non-Cash Items | -$6.1B |
| Change in Working Capital | $11.3B |
| OPERATING CASH FLOW | $16.0B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$105.0B |
| Sales/Maturities of Investments | $19.2B |
| Other Investing Activities | $21.9B |
| NET CASH FROM INVESTING | -$63.9B |
| Net Debt Issuance | -$8.2B |
| Common Stock Repurchased | -$7.8B |
| Common Dividends Paid | -$3.0B |
| Other Financing Activities | $56.3B |
| NET CASH FROM FINANCING | $39.5B |
| FREE CASH FLOW | $16.0B |
| Net Change in Cash | -$11.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $256.6B |
| Short-Term Investments | $353.4B |
| Net Receivables | $89.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $699.0B |
| PP&E (Net) | $25.1B |
| Goodwill | $47.8B |
| Intangible Assets | $5.3B |
| Long-Term Investments | $973.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0T |
| TOTAL NON-CURRENT ASSETS | $2.1T |
| TOTAL ASSETS | $2.8T |
| Account Payables | $225.1B |
| Short-Term Debt | $296.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6T |
| TOTAL CURRENT LIABILITIES | $2.0T |
| Long-Term Debt | $296.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $243.6B |
| TOTAL NON-CURRENT LIABILITIES | $540.0B |
| TOTAL LIABILITIES | $2.5T |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $88.5B |
| Retained Earnings | $217.9B |
| Treasury Stock | -$76.3B |
| Accum. Other Comp. Income | $1.8B |
| Other Equity | -$21M |
| TOTAL STOCKHOLDERS' EQUITY | $264.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $264.3B |
| TOTAL LIABILITIES & EQUITY | $2.8T |
| Total Debt | $593.1B |
| Net Debt | $336.5B |
