| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.2B | $2.2B | -2.6% | 40.0% |
| Op. Income | $1.2B | $1.3B | $688M | -10.7% | 68.2% |
| Gross Margin | 63.2% | 64.5% | 58.4% | -1.2pp | 4.9pp |
| Net Margin | 35.3% | 38.8% | 26.1% | -3.5pp | 9.1pp |
| EPS (Diluted) | $0.04 | $0.05 | $0.02 | -12.0% | 91.3% |
| Free Cash Flow | $784M | $1.3B | $651M | -40.9% | 20.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $581M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $237M |
| Other Expenses | $0 |
| Operating Expenses | $818M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $1.2B |
| Interest Income | $32M |
| Interest Expense | $14M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $59M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $581M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $237M |
| Other Expenses | $0 |
| Operating Expenses | $818M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $1.2B |
| Interest Income | $32M |
| Interest Expense | $14M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $59M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $133M |
| Deferred Income Tax | $62M |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | -$428M |
| OPERATING CASH FLOW | $913M |
| Capital Expenditure | -$129M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.4B |
| Sales/Maturities of Investments | $2.8B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$805M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$91M |
| Other Financing Activities | -$67M |
| NET CASH FROM FINANCING | -$155M |
| FREE CASH FLOW | $784M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $718M |
| Short-Term Investments | $7.2B |
| Net Receivables | $1.7B |
| Inventory | $1.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.8B |
| PP&E (Net) | $1.2B |
| Goodwill | $618M |
| Intangible Assets | $51M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $220M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $800M |
| Short-Term Debt | $14M |
| Deferred Revenue | $77M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $590M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $5.7B |
| Retained Earnings | $11.0B |
| Treasury Stock | -$7.8B |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.8B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $2.0B |
| Net Debt | $1.3B |
