| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $5.0B | $5.7B | 6.5% | -5.0% |
| Op. Income | $131M | $106M | $208M | 24.0% | -37.2% |
| Gross Margin | 16.2% | 16.0% | 16.3% | 0.2pp | -0.1pp |
| Net Margin | 2.4% | 1.1% | 2.5% | 1.3pp | -0.2pp |
| EPS (Diluted) | $2.11 | $0.88 | $2.17 | 139.8% | -2.8% |
| Free Cash Flow | $161M | $92M | $220M | 75.4% | -26.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $870M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $676M |
| SG&A Expenses | $676M |
| Other Expenses | $64M |
| Operating Expenses | $676M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $131M |
| Interest Income | $1M |
| Interest Expense | $11M |
| Other Income/Expenses | $70M |
| INCOME BEFORE TAX | $201M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $20M |
| EBIT | $196M |
| EBITDA | $216M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $870M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $676M |
| SG&A Expenses | $676M |
| Other Expenses | $64M |
| Operating Expenses | $676M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $131M |
| Interest Income | $1M |
| Interest Expense | $11M |
| Other Income/Expenses | $70M |
| INCOME BEFORE TAX | $201M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $20M |
| EBIT | $196M |
| EBITDA | $216M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $127M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $97M |
| Change in Working Capital | -$89M |
| OPERATING CASH FLOW | $175M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $123M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $105M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$65M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $161M |
| Net Change in Cash | $204M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $770M |
| Short-Term Investments | $0 |
| Net Receivables | $5.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $603M |
| Goodwill | $1.3B |
| Intangible Assets | $276M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $527M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $2.4B |
| Short-Term Debt | $48M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $634M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $6.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$3.6B |
| Accum. Other Comp. Income | -$417M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $62M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $1.4B |
| Net Debt | $636M |
