| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30.6B | $32.5B | $26.8B | -5.9% | 14.0% |
| Op. Income | $10.3B | $10.3B | $8.3B | 0.8% | 24.7% |
| Gross Margin | 66.7% | 61.7% | 65.4% | 5.0pp | 1.3pp |
| Net Margin | 28.8% | 25.9% | 27.7% | 2.9pp | 1.1pp |
| EPS (Diluted) | $1.14 | $1.08 | $0.95 | 5.6% | 20.0% |
| Free Cash Flow | $11.0B | $5.2B | $9.2B | 111.0% | 18.9% |
| Item | Amount |
|---|---|
| REVENUE | $30.6B |
| Cost of Revenue | $10.2B |
| GROSS PROFIT | $20.4B |
| R&D Expenses | $4.3B |
| Selling & Marketing | $4.6B |
| General & Administrative | $1.2B |
| SG&A Expenses | $5.7B |
| Other Expenses | $0 |
| Operating Expenses | $10.1B |
| Cost & Expenses | $20.2B |
| OPERATING INCOME | $10.3B |
| Interest Income | $668M |
| Interest Expense | $671M |
| Other Income/Expenses | $145M |
| INCOME BEFORE TAX | $10.5B |
| Income Tax Expense | $1.7B |
| Net Income from Continuing Ops | $8.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.8B |
| D&A | $2.9B |
| EBIT | $11.2B |
| EBITDA | $14.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $30.6B |
| Cost of Revenue | $10.2B |
| GROSS PROFIT | $20.4B |
| R&D Expenses | $4.3B |
| Selling & Marketing | $4.6B |
| General & Administrative | $1.2B |
| SG&A Expenses | $5.7B |
| Other Expenses | $0 |
| Operating Expenses | $10.1B |
| Cost & Expenses | $20.2B |
| OPERATING INCOME | $10.3B |
| Interest Income | $668M |
| Interest Expense | $671M |
| Other Income/Expenses | $145M |
| INCOME BEFORE TAX | $10.5B |
| Income Tax Expense | $1.7B |
| Net Income from Continuing Ops | $8.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.8B |
| D&A | $2.9B |
| EBIT | $11.2B |
| EBITDA | $14.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $8.8B |
| Depreciation & Amortization | $2.9B |
| Stock-Based Compensation | $1.2B |
| Deferred Income Tax | -$320M |
| Other Non-Cash Items | -$95M |
| Change in Working Capital | $1.0B |
| OPERATING CASH FLOW | $13.5B |
| Capital Expenditure | -$2.6B |
| Acquisitions (Net) | -$269M |
| Purchases of Investments | -$5.8B |
| Sales/Maturities of Investments | $7.3B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4.8B |
| Common Dividends Paid | -$3.5B |
| Other Financing Activities | $404M |
| NET CASH FROM FINANCING | -$7.6B |
| FREE CASH FLOW | $11.0B |
| Net Change in Cash | $4.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.2B |
| Short-Term Investments | $120.4B |
| Net Receivables | $19.3B |
| Inventory | $2.0B |
| Other Current Assets | $7.0B |
| TOTAL CURRENT ASSETS | $159.9B |
| PP&E (Net) | $40.8B |
| Goodwill | $41.9B |
| Intangible Assets | $8.1B |
| Long-Term Investments | $2.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.3B |
| TOTAL NON-CURRENT ASSETS | $103.4B |
| TOTAL ASSETS | $263.3B |
| Account Payables | $7.5B |
| Short-Term Debt | $6.5B |
| Deferred Revenue | $24.3B |
| Other Current Liabilities | $11.9B |
| TOTAL CURRENT LIABILITIES | $53.9B |
| Long-Term Debt | $66.6B |
| Deferred Revenue NC | $3.9B |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $30.7B |
| TOTAL NON-CURRENT LIABILITIES | $114.6B |
| TOTAL LIABILITIES | $168.4B |
| Common Stock | $77.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $18.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $94.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $94.9B |
| TOTAL LIABILITIES & EQUITY | $263.3B |
| Total Debt | $86.3B |
| Net Debt | $75.1B |
