| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.4B | $14.3B | $13.4B | 0.6% | 7.7% |
| Op. Income | $2.0B | $2.3B | $1.8B | -12.0% | 11.9% |
| Gross Margin | 13.8% | 15.3% | 13.8% | -1.4pp | 0.0pp |
| Net Margin | 9.8% | 11.9% | 8.7% | -2.0pp | 1.2pp |
| EPS (Diluted) | $5.00 | $5.99 | $4.05 | -16.5% | 23.5% |
| Free Cash Flow | $1.4B | $1.4B | -$336M | 2.9% | 522.3% |
| Item | Amount |
|---|---|
| REVENUE | $14.4B |
| Cost of Revenue | $12.4B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$15M |
| Operating Expenses | -$15M |
| Cost & Expenses | $12.4B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $163M |
| Other Income/Expenses | -$325M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $263M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $288M |
| EBIT | $1.8B |
| EBITDA | $2.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $14.4B |
| Cost of Revenue | $12.4B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$15M |
| Operating Expenses | -$15M |
| Cost & Expenses | $12.4B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $163M |
| Other Income/Expenses | -$325M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $263M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $288M |
| EBIT | $1.8B |
| EBITDA | $2.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $288M |
| Stock-Based Compensation | $67M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $205M |
| Change in Working Capital | -$312M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$249M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$251M |
| Net Debt Issuance | -$400M |
| Common Stock Repurchased | -$219M |
| Common Dividends Paid | -$622M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $176M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $12.9B |
| Inventory | $3.6B |
| Other Current Assets | $400M |
| TOTAL CURRENT ASSETS | $18.1B |
| PP&E (Net) | $6.2B |
| Goodwill | $10.8B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $715M |
| Tax Assets | $3.2B |
| Other Non-Current Assets | $5.6B |
| TOTAL NON-CURRENT ASSETS | $29.7B |
| TOTAL ASSETS | $47.8B |
| Account Payables | $2.6B |
| Short-Term Debt | $900M |
| Deferred Revenue | $6.8B |
| Other Current Liabilities | $2.8B |
| TOTAL CURRENT LIABILITIES | $15.1B |
| Long-Term Debt | $12.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16.4B |
| TOTAL NON-CURRENT LIABILITIES | $29.8B |
| TOTAL LIABILITIES | $44.9B |
| Common Stock | $281M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $16.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $46M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $47.8B |
| Total Debt | $13.5B |
| Net Debt | $12.4B |
