| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.4B | — | $10.8B | — | 14.9% |
| Op. Income | $2.6B | — | $2.7B | — | -1.9% |
| Gross Margin | 67.8% | — | 66.5% | — | 1.3pp |
| Net Margin | 15.3% | — | 18.1% | — | -2.7pp |
| EPS (Diluted) | $0.74 | — | $0.73 | — | 1.4% |
| Free Cash Flow | $3.3B | — | $2.1B | — | 52.7% |
| Item | Amount |
|---|---|
| REVENUE | $12.4B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $8.4B |
| R&D Expenses | $3.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $5.8B |
| Cost & Expenses | $9.8B |
| OPERATING INCOME | $2.6B |
| Interest Income | $61M |
| Interest Expense | $231M |
| Other Income/Expenses | -$267M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $440M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $845M |
| EBIT | $2.6B |
| EBITDA | $3.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.4B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $8.4B |
| R&D Expenses | $3.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $5.8B |
| Cost & Expenses | $9.8B |
| OPERATING INCOME | $2.6B |
| Interest Income | $61M |
| Interest Expense | $231M |
| Other Income/Expenses | -$267M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $440M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $845M |
| EBIT | $2.6B |
| EBITDA | $3.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $845M |
| Stock-Based Compensation | $102M |
| Deferred Income Tax | -$237M |
| Other Non-Cash Items | $1.7B |
| Change in Working Capital | -$91M |
| OPERATING CASH FLOW | $4.2B |
| Capital Expenditure | -$959M |
| Acquisitions (Net) | -$1.0B |
| Purchases of Investments | -$570M |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | $235M |
| NET CASH FROM INVESTING | $191M |
| Net Debt Issuance | -$360M |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$3.2B |
| FREE CASH FLOW | $3.3B |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.9B |
| Short-Term Investments | $149M |
| Net Receivables | $8.4B |
| Inventory | $7.4B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $26.1B |
| PP&E (Net) | $14.3B |
| Goodwill | $19.5B |
| Intangible Assets | $12.3B |
| Long-Term Investments | $2.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.0B |
| TOTAL NON-CURRENT ASSETS | $57.2B |
| TOTAL ASSETS | $83.3B |
| Account Payables | $3.2B |
| Short-Term Debt | $3.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $20.7B |
| Long-Term Debt | $22.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.0B |
| Other Non-Current Liabilities | $10.3B |
| TOTAL NON-CURRENT LIABILITIES | $35.7B |
| TOTAL LIABILITIES | $56.4B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $39.6B |
| Retained Earnings | $45.8B |
| Treasury Stock | -$54.9B |
| Accum. Other Comp. Income | -$5.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.8B |
| Minority Interest | $87M |
| TOTAL EQUITY | $26.9B |
| TOTAL LIABILITIES & EQUITY | $83.3B |
| Total Debt | $27.1B |
| Net Debt | $19.2B |
