| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.9B | $1.6B | -12.0% | 0.9% |
| Op. Income | $205M | $518M | $247M | -60.4% | -16.8% |
| Gross Margin | 13.4% | 28.7% | 16.1% | -15.3pp | -2.7pp |
| Net Margin | 10.1% | 22.1% | 12.1% | -12.0pp | -2.1pp |
| EPS (Diluted) | $0.55 | $1.37 | $0.66 | -59.9% | -16.7% |
| Free Cash Flow | $177M | $136M | $157M | 30.1% | 13.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $221M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $16M |
| Operating Expenses | $16M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $205M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $0 |
| EBIT | $216M |
| EBITDA | $216M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $221M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $16M |
| Operating Expenses | $16M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $205M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $0 |
| EBIT | $216M |
| EBITDA | $216M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $166M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | -$28M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $177M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$463M |
| Sales/Maturities of Investments | $344M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$60M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$56M |
| FREE CASH FLOW | $177M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.1B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $325M |
| Long-Term Investments | $3.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$325M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $21.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$300.0K |
| TOTAL CURRENT LIABILITIES | $130M |
| Long-Term Debt | $975M |
| Deferred Revenue NC | -$1.1B |
| Deferred Tax Liabilities | $147M |
| Other Non-Current Liabilities | $15.0B |
| TOTAL NON-CURRENT LIABILITIES | $15.0B |
| TOTAL LIABILITIES | $15.1B |
| Common Stock | $303M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $4.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $45M |
| Other Equity | -$69M |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $21.0B |
| Total Debt | $975M |
| Net Debt | -$9.1B |
