| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $5.9B | $5.6B | -4.6% | 1.1% |
| Op. Income | $819M | $968M | $798M | -15.4% | 2.6% |
| Gross Margin | 28.0% | 29.4% | 27.6% | -1.3pp | 0.5pp |
| Net Margin | 11.7% | 12.5% | 11.0% | -0.9pp | 0.7pp |
| EPS (Diluted) | $1.23 | $1.37 | $1.08 | -10.2% | 13.9% |
| Free Cash Flow | $716M | $736M | $809M | -2.7% | -11.5% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $762M |
| Operating Expenses | $762M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $819M |
| Interest Income | $23M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $819M |
| Income Tax Expense | $160M |
| Net Income from Continuing Ops | $659M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $659M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $659M |
| D&A | $308M |
| EBIT | $839M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $762M |
| Operating Expenses | $762M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $819M |
| Interest Income | $23M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $819M |
| Income Tax Expense | $160M |
| Net Income from Continuing Ops | $659M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $659M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $659M |
| D&A | $308M |
| EBIT | $839M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $659M |
| Depreciation & Amortization | $308M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $174M |
| Other Non-Cash Items | -$43M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$375M |
| Acquisitions (Net) | $375M |
| Purchases of Investments | -$529M |
| Sales/Maturities of Investments | $545M |
| Other Investing Activities | -$375M |
| NET CASH FROM INVESTING | -$359M |
| Net Debt Issuance | -$70M |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | -$96M |
| Other Financing Activities | -$33M |
| NET CASH FROM FINANCING | -$690M |
| FREE CASH FLOW | $716M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $1.5B |
| Net Receivables | $867M |
| Inventory | $528M |
| Other Current Assets | $239M |
| TOTAL CURRENT ASSETS | $5.7B |
| PP&E (Net) | $19.2B |
| Goodwill | $970M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $653M |
| TOTAL NON-CURRENT ASSETS | $20.8B |
| TOTAL ASSETS | $26.5B |
| Account Payables | $1.3B |
| Short-Term Debt | $637M |
| Deferred Revenue | $4.9B |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $8.6B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $1.0B |
| Deferred Tax Liabilities | $2.6B |
| Other Non-Current Liabilities | $816M |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $16.5B |
| Common Stock | $808M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $17.5B |
| Treasury Stock | -$9.9B |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.9B |
| TOTAL LIABILITIES & EQUITY | $26.5B |
| Total Debt | $4.4B |
| Net Debt | $1.9B |
