| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.6B | $1.8B | 7.7% | -0.5% |
| Op. Income | $252M | $205M | $335M | 22.9% | -24.7% |
| Gross Margin | 15.0% | 13.4% | 19.6% | 1.6pp | -4.6pp |
| Net Margin | 11.5% | 10.1% | 15.5% | 1.4pp | -4.0pp |
| EPS (Diluted) | $0.67 | $0.55 | $0.92 | 21.8% | -27.2% |
| Free Cash Flow | $353M | $177M | $310M | 99.1% | 13.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $266M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $14M |
| Operating Expenses | $14M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $252M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $252M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $203M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $203M |
| D&A | $0 |
| EBIT | $262M |
| EBITDA | $262M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $266M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $14M |
| Operating Expenses | $14M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $252M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $252M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $203M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $203M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $203M |
| D&A | $0 |
| EBIT | $262M |
| EBITDA | $262M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $203M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | -$82M |
| Change in Working Capital | $222M |
| OPERATING CASH FLOW | $353M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$577M |
| Sales/Maturities of Investments | $604M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$359M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$360M |
| FREE CASH FLOW | $353M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.3B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | -$333M |
| Goodwill | $0 |
| Intangible Assets | $333M |
| Long-Term Investments | $3.8B |
| Tax Assets | $171M |
| Other Non-Current Assets | -$4.1B |
| TOTAL NON-CURRENT ASSETS | $171M |
| TOTAL ASSETS | $21.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$518M |
| TOTAL CURRENT LIABILITIES | $500.0K |
| Long-Term Debt | $974M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $171M |
| Other Non-Current Liabilities | $14.2B |
| TOTAL NON-CURRENT LIABILITIES | $15.4B |
| TOTAL LIABILITIES | $15.4B |
| Common Stock | $304M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $92M |
| Other Equity | -$67M |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $21.2B |
| Total Debt | $974M |
| Net Debt | -$9.3B |
