| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.8B | $2.9B | 3.2% | 0.5% |
| Op. Income | $336M | $318M | $369M | 5.5% | -9.1% |
| Gross Margin | 28.6% | 28.3% | 29.1% | 0.3pp | -0.5pp |
| Net Margin | 6.6% | 6.6% | 8.2% | -0.0pp | -1.5pp |
| EPS (Diluted) | $1.93 | $1.86 | $2.27 | 3.8% | -15.0% |
| Free Cash Flow | $168M | $72M | $280M | 135.1% | -39.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $825M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $415M |
| Other Expenses | -$11M |
| Operating Expenses | $476M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $336M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $270M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $210M |
| EBIT | $329M |
| EBITDA | $539M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $825M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $415M |
| Other Expenses | -$11M |
| Operating Expenses | $476M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $336M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | $270M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $210M |
| EBIT | $329M |
| EBITDA | $539M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $191M |
| Depreciation & Amortization | $210M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$188M |
| OPERATING CASH FLOW | $254M |
| Capital Expenditure | -$85M |
| Acquisitions (Net) | -$669M |
| Purchases of Investments | $85M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$85M |
| NET CASH FROM INVESTING | -$751M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $615M |
| NET CASH FROM FINANCING | $415M |
| FREE CASH FLOW | $168M |
| Net Change in Cash | -$83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $265M |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $220M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $2.6B |
| Goodwill | $7.8B |
| Intangible Assets | $4.0B |
| Long-Term Investments | $87M |
| Tax Assets | $2M |
| Other Non-Current Assets | $404M |
| TOTAL NON-CURRENT ASSETS | $15.0B |
| TOTAL ASSETS | $17.8B |
| Account Payables | $532M |
| Short-Term Debt | $502M |
| Deferred Revenue | $404M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $6.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $948M |
| Other Non-Current Liabilities | $369M |
| TOTAL NON-CURRENT LIABILITIES | $8.1B |
| TOTAL LIABILITIES | $10.6B |
| Common Stock | $12M |
| Additional Paid-In Capital | $91M |
| Retained Earnings | $7.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$412M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.1B |
| Minority Interest | $20M |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $17.8B |
| Total Debt | $7.5B |
| Net Debt | $7.2B |
