| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | — | -11.2% | — |
| Op. Income | $685M | $776M | — | -11.7% | — |
| Gross Margin | 93.1% | 88.8% | — | 4.3pp | — |
| Net Margin | 33.1% | 32.1% | — | 0.9pp | — |
| EPS (Diluted) | $1.82 | $2.01 | — | -9.2% | — |
| Free Cash Flow | $196M | $152M | — | 28.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $105M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $551M |
| General & Administrative | $175M |
| SG&A Expenses | $726M |
| Other Expenses | -$5M |
| Operating Expenses | $721M |
| Cost & Expenses | $826M |
| OPERATING INCOME | $685M |
| Interest Income | $112M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $685M |
| Income Tax Expense | $187M |
| Net Income from Continuing Ops | $499M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $500M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $500M |
| D&A | $0 |
| EBIT | $685M |
| EBITDA | $685M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $105M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $551M |
| General & Administrative | $175M |
| SG&A Expenses | $726M |
| Other Expenses | -$5M |
| Operating Expenses | $721M |
| Cost & Expenses | $826M |
| OPERATING INCOME | $685M |
| Interest Income | $112M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $685M |
| Income Tax Expense | $187M |
| Net Income from Continuing Ops | $499M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $500M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $500M |
| D&A | $0 |
| EBIT | $685M |
| EBITDA | $685M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $500M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$304M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $196M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$855M |
| NET CASH FROM INVESTING | -$855M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $160M |
| NET CASH FROM FINANCING | $160M |
| FREE CASH FLOW | $196M |
| Net Change in Cash | -$480M |
