| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.1B | 4.7% | 13.6% |
| Op. Income | $297M | $256M | $199M | 16.0% | 49.2% |
| Gross Margin | 57.0% | 56.7% | 55.2% | 0.3pp | 1.8pp |
| Net Margin | 20.3% | 16.6% | 13.7% | 3.7pp | 6.5pp |
| EPS (Diluted) | $1.82 | $1.42 | $1.09 | 28.2% | 67.0% |
| Free Cash Flow | $584M | $597M | $512M | -2.2% | 14.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $526M |
| GROSS PROFIT | $697M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $252M |
| SG&A Expenses | $252M |
| Other Expenses | $148M |
| Operating Expenses | $400M |
| Cost & Expenses | $926M |
| OPERATING INCOME | $297M |
| Interest Income | $1.1B |
| Interest Expense | $244M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $297M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $248M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $248M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $248M |
| D&A | $65M |
| EBIT | $297M |
| EBITDA | $362M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $526M |
| GROSS PROFIT | $697M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $252M |
| SG&A Expenses | $252M |
| Other Expenses | $148M |
| Operating Expenses | $400M |
| Cost & Expenses | $926M |
| OPERATING INCOME | $297M |
| Interest Income | $1.1B |
| Interest Expense | $244M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $297M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $248M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $248M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $248M |
| D&A | $65M |
| EBIT | $297M |
| EBITDA | $362M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $248M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $286M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $584M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$190M |
| Sales/Maturities of Investments | $132M |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $1.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$306M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | $584M |
| Net Change in Cash | $621M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $526M |
| Net Receivables | $267M |
| Inventory | $0 |
| Other Current Assets | -$267M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $166M |
| Goodwill | $1.4B |
| Intangible Assets | $352M |
| Long-Term Investments | $1.8B |
| Tax Assets | -$166M |
| Other Non-Current Assets | -$1.8B |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $22.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $17.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $17.0B |
| TOTAL LIABILITIES | $18.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $22.4B |
| Total Debt | $17.0B |
| Net Debt | $15.6B |
