| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $2.6B | 1.9% | 20.7% |
| Op. Income | $1.1B | $1.2B | $895M | -8.6% | 18.2% |
| Gross Margin | 60.4% | 63.2% | 59.5% | -2.9pp | 0.9pp |
| Net Margin | 38.7% | 35.3% | 31.8% | 3.4pp | 6.9pp |
| EPS (Diluted) | $0.05 | $0.04 | $0.03 | 11.4% | 48.5% |
| Free Cash Flow | $337M | $784M | $1.1B | -57.0% | -69.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $605M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $258M |
| Other Expenses | $0 |
| Operating Expenses | $863M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $1.1B |
| Interest Income | $37M |
| Interest Expense | $15M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | -$149M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $68M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $605M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $258M |
| Other Expenses | $0 |
| Operating Expenses | $863M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $1.1B |
| Interest Income | $37M |
| Interest Expense | $15M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | -$149M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $68M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $68M |
| Stock-Based Compensation | $138M |
| Deferred Income Tax | -$83M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$853M |
| OPERATING CASH FLOW | $487M |
| Capital Expenditure | -$150M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.0B |
| Sales/Maturities of Investments | $3.3B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $219M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$91M |
| Other Financing Activities | -$402M |
| NET CASH FROM FINANCING | -$703M |
| FREE CASH FLOW | $337M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $721M |
| Short-Term Investments | $6.9B |
| Net Receivables | $2.2B |
| Inventory | $1.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $11.4B |
| PP&E (Net) | $1.3B |
| Goodwill | $618M |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $312M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $902M |
| Short-Term Debt | $3M |
| Deferred Revenue | $80M |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $524M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | $12.1B |
| Treasury Stock | -$8.5B |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.5B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $2.0B |
| Net Debt | $1.3B |
