| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.3B | $2.6B | 8.2% | -2.3% |
| Op. Income | $690M | $592M | $737M | 16.7% | -6.4% |
| Gross Margin | 45.4% | 45.4% | 46.7% | -0.0pp | -1.3pp |
| Net Margin | 22.5% | 22.9% | -0.4% | -0.3pp | 22.9pp |
| EPS (Diluted) | $0.35 | $0.32 | $-0.01 | 9.4% | 5745.2% |
| Free Cash Flow | $536M | $664M | -$56M | -19.2% | 1058.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $286M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $169M |
| Other Expenses | $0 |
| Operating Expenses | $455M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $690M |
| Interest Income | $18M |
| Interest Expense | $20M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $660M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $569M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $569M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $569M |
| D&A | $82M |
| EBIT | $680M |
| EBITDA | $761M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $286M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $169M |
| Other Expenses | $0 |
| Operating Expenses | $455M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $690M |
| Interest Income | $18M |
| Interest Expense | $20M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $660M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $569M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $569M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $569M |
| D&A | $82M |
| EBIT | $680M |
| EBITDA | $761M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $569M |
| Depreciation & Amortization | $82M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | -$312.0K |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | $642M |
| Capital Expenditure | -$106M |
| Acquisitions (Net) | $106M |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $773M |
| Other Investing Activities | -$71M |
| NET CASH FROM INVESTING | $667M |
| Net Debt Issuance | -$366M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$168M |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | -$516M |
| FREE CASH FLOW | $536M |
| Net Change in Cash | $791M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $276M |
| Net Receivables | $1.9B |
| Inventory | $1.7B |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $1.0B |
| Goodwill | $1.5B |
| Intangible Assets | $252M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $663M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $10.8B |
| Account Payables | $344M |
| Short-Term Debt | $187M |
| Deferred Revenue | $432M |
| Other Current Liabilities | $651M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $947M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $154.0K |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | $9.2B |
| Treasury Stock | -$9.6B |
| Accum. Other Comp. Income | -$65M |
| Other Equity | $57M |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $10.8B |
| Total Debt | $2.0B |
| Net Debt | -$1.4B |
