| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.7B | $4.3B | 0.8% | 9.1% |
| Op. Income | $2.0B | $2.1B | $1.9B | -4.0% | 9.4% |
| Gross Margin | 83.2% | 83.9% | 84.1% | -0.6pp | -0.9pp |
| Net Margin | 33.7% | 31.9% | 32.6% | 1.7pp | 1.1pp |
| EPS (Diluted) | $0.34 | $0.32 | $0.29 | 6.4% | 15.0% |
| Free Cash Flow | $2.2B | $1.9B | $1.4B | 16.2% | 63.6% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $795M |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $564M |
| Selling & Marketing | $1.2B |
| General & Administrative | $158M |
| SG&A Expenses | $1.4B |
| Other Expenses | -$14M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $3M |
| Interest Expense | $130M |
| Other Income/Expenses | -$127M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $300M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $328M |
| EBIT | $2.0B |
| EBITDA | $2.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $795M |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $564M |
| Selling & Marketing | $1.2B |
| General & Administrative | $158M |
| SG&A Expenses | $1.4B |
| Other Expenses | -$14M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $3M |
| Interest Expense | $130M |
| Other Income/Expenses | -$127M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $300M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $328M |
| EBIT | $2.0B |
| EBITDA | $2.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $328M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $300M |
| Other Non-Cash Items | $249M |
| Change in Working Capital | $270M |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$383M |
| Acquisitions (Net) | $156.7K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $783.3K |
| NET CASH FROM INVESTING | -$382M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$450M |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | $675M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $0 |
| Net Receivables | $4.2B |
| Inventory | $2.7B |
| Other Current Assets | $723M |
| TOTAL CURRENT ASSETS | $9.9B |
| PP&E (Net) | $7.9B |
| Goodwill | $0 |
| Intangible Assets | $788M |
| Long-Term Investments | $323M |
| Tax Assets | $644M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $9.6B |
| TOTAL ASSETS | $19.6B |
| Account Payables | $923M |
| Short-Term Debt | $222M |
| Deferred Revenue | $6.2B |
| Other Current Liabilities | $2.5B |
| TOTAL CURRENT LIABILITIES | $9.9B |
| Long-Term Debt | $459M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $901M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $11.3B |
| Common Stock | $75M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.4B |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$194M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.3B |
| TOTAL LIABILITIES & EQUITY | $19.6B |
| Total Debt | $680M |
| Net Debt | -$2.3B |
