| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $1.8B | 0.9% | 6.6% |
| Op. Income | $483M | $510M | $569M | -5.3% | -15.1% |
| Gross Margin | 71.7% | 77.9% | 82.5% | -6.2pp | -10.9pp |
| Net Margin | 21.6% | 22.3% | 26.7% | -0.7pp | -5.1pp |
| EPS (Diluted) | $0.39 | $0.40 | $0.45 | -2.5% | -13.3% |
| Free Cash Flow | $1.2B | $141M | $349M | 724.8% | 233.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $545M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $587M |
| SG&A Expenses | $613M |
| Other Expenses | $283M |
| Operating Expenses | $896M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $483M |
| Interest Income | $1.3B |
| Interest Expense | $345M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $483M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $413M |
| Net Income from Discontinued Ops | $3M |
| Other Adjustments | $0 |
| NET INCOME | $416M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $386M |
| D&A | $62M |
| EBIT | $483M |
| EBITDA | $545M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $545M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $587M |
| SG&A Expenses | $613M |
| Other Expenses | $283M |
| Operating Expenses | $896M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $483M |
| Interest Income | $1.3B |
| Interest Expense | $345M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $483M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $413M |
| Net Income from Discontinued Ops | $3M |
| Other Adjustments | $0 |
| NET INCOME | $416M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $386M |
| D&A | $62M |
| EBIT | $483M |
| EBITDA | $545M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $416M |
| Depreciation & Amortization | $62M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $627M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.5B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$2.5B |
| Net Debt Issuance | $90M |
| Common Stock Repurchased | -$248M |
| Common Dividends Paid | -$212M |
| Other Financing Activities | $1.7B |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $636M |
| Short-Term Investments | $3.7B |
| Net Receivables | $4.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $815M |
| Goodwill | $2.7B |
| Intangible Assets | $272M |
| Long-Term Investments | $123.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.0B |
| TOTAL NON-CURRENT ASSETS | $137.9B |
| TOTAL ASSETS | $146.7B |
| Account Payables | $0 |
| Short-Term Debt | $882M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $111.6B |
| TOTAL CURRENT LIABILITIES | $115.1B |
| Long-Term Debt | $14.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$15.9B |
| TOTAL NON-CURRENT LIABILITIES | $14.5B |
| TOTAL LIABILITIES | $129.6B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | $12.2B |
| Treasury Stock | -$4.7B |
| Accum. Other Comp. Income | $159M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.1B |
| TOTAL LIABILITIES & EQUITY | $146.7B |
| Total Debt | $15.4B |
| Net Debt | $14.7B |
