| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $4.9B | $4.0B | 6.5% | 31.1% |
| Op. Income | $980M | $706M | $481M | 38.8% | 103.9% |
| Gross Margin | 40.9% | 38.9% | 39.7% | 2.0pp | 1.3pp |
| Net Margin | 12.7% | 5.5% | 10.1% | 7.2pp | 2.6pp |
| EPS (Diluted) | $0.15 | $0.06 | $0.09 | 145.0% | 65.2% |
| Free Cash Flow | -$552M | -$591M | -$737M | 6.7% | 25.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $380M |
| Selling & Marketing | $554M |
| General & Administrative | $233M |
| SG&A Expenses | $787M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $980M |
| Interest Income | $193M |
| Interest Expense | $161M |
| Other Income/Expenses | $32M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $347M |
| Net Income from Continuing Ops | $665M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $665M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $665M |
| D&A | $2.3B |
| EBIT | $1.2B |
| EBITDA | $3.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $380M |
| Selling & Marketing | $554M |
| General & Administrative | $233M |
| SG&A Expenses | $787M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $980M |
| Interest Income | $193M |
| Interest Expense | $161M |
| Other Income/Expenses | $32M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $347M |
| Net Income from Continuing Ops | $665M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $665M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $665M |
| D&A | $2.3B |
| EBIT | $1.2B |
| EBITDA | $3.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $665M |
| Depreciation & Amortization | $2.3B |
| Stock-Based Compensation | $100M |
| Deferred Income Tax | $52M |
| Other Non-Cash Items | -$3.9B |
| Change in Working Capital | $231M |
| OPERATING CASH FLOW | -$502M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $613.0K |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$552M |
| Net Change in Cash | -$568M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.4B |
| Short-Term Investments | $0 |
| Net Receivables | $466M |
| Inventory | $0 |
| Other Current Assets | $239M |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $482M |
| Goodwill | $0 |
| Intangible Assets | $23.2B |
| Long-Term Investments | $23M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $25.6B |
| TOTAL ASSETS | $30.9B |
| Account Payables | $444M |
| Short-Term Debt | $0 |
| Deferred Revenue | $916M |
| Other Current Liabilities | $4.7B |
| TOTAL CURRENT LIABILITIES | $7.3B |
| Long-Term Debt | $12.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.4B |
| TOTAL NON-CURRENT LIABILITIES | $16.8B |
| TOTAL LIABILITIES | $24.1B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.9B |
| TOTAL LIABILITIES & EQUITY | $30.9B |
| Total Debt | $13.5B |
| Net Debt | $9.1B |
