| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $4.0B | $4.0B | 8.7% | 7.2% |
| Op. Income | $421M | $268M | $451M | 57.1% | -6.7% |
| Gross Margin | 11.7% | 8.9% | 13.3% | 2.8pp | -1.6pp |
| Net Margin | 8.4% | 6.4% | 9.6% | 2.1pp | -1.2pp |
| EPS (Diluted) | $1.79 | $1.22 | $1.70 | 46.7% | 5.3% |
| Free Cash Flow | -$1.2B | -$1.3B | $492M | 7.5% | -350.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $506M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $85M |
| Operating Expenses | $85M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $421M |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $421M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $363M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $363M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $363M |
| D&A | $0 |
| EBIT | $491M |
| EBITDA | $491M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $506M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $85M |
| Operating Expenses | $85M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $421M |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $421M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $363M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $363M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $363M |
| D&A | $0 |
| EBIT | $491M |
| EBITDA | $491M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $364M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$874M |
| Change in Working Capital | -$721M |
| OPERATING CASH FLOW | -$1.2B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.8B |
| Sales/Maturities of Investments | $4.6B |
| Other Investing Activities | -$710M |
| NET CASH FROM INVESTING | $1.1B |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$76M |
| Other Financing Activities | $2.1B |
| NET CASH FROM FINANCING | $1.9B |
| FREE CASH FLOW | -$1.2B |
| Net Change in Cash | $1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $99.7B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $103.0B |
| PP&E (Net) | $348M |
| Goodwill | $1.8B |
| Intangible Assets | $8.6B |
| Long-Term Investments | $104.5B |
| Tax Assets | -$348M |
| Other Non-Current Assets | $113.0B |
| TOTAL NON-CURRENT ASSETS | $219.2B |
| TOTAL ASSETS | $322.3B |
| Account Payables | $0 |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$5.9B |
| TOTAL CURRENT LIABILITIES | $298.2B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $297.9B |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $303.8B |
| Common Stock | $5.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $18.5B |
| TOTAL LIABILITIES & EQUITY | $322.3B |
| Total Debt | $5.9B |
| Net Debt | $2.6B |
