| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.4B | — | $16.1B | — | 2.2% |
| Op. Income | $2.7B | — | $3.0B | — | -9.9% |
| Gross Margin | 55.0% | — | 54.9% | — | 0.1pp |
| Net Margin | 12.4% | — | 11.3% | — | 1.1pp |
| EPS (Diluted) | $1.44 | — | $1.28 | — | 12.5% |
| Free Cash Flow | $1.0B | — | $1.8B | — | -44.1% |
| Item | Amount |
|---|---|
| REVENUE | $16.4B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.3B |
| Other Expenses | $0 |
| Operating Expenses | $6.3B |
| Cost & Expenses | $13.7B |
| OPERATING INCOME | $2.7B |
| Interest Income | $38M |
| Interest Expense | $223M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $524M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $558M |
| EBIT | $2.8B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $16.4B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.3B |
| Other Expenses | $0 |
| Operating Expenses | $6.3B |
| Cost & Expenses | $13.7B |
| OPERATING INCOME | $2.7B |
| Interest Income | $38M |
| Interest Expense | $223M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $524M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $558M |
| EBIT | $2.8B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $558M |
| Stock-Based Compensation | $61M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$345M |
| Change in Working Capital | -$589M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$725M |
| Acquisitions (Net) | -$291M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $40M |
| NET CASH FROM INVESTING | -$971M |
| Net Debt Issuance | -$561M |
| Common Stock Repurchased | -$786M |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | -$1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $291M |
| Net Receivables | $8.5B |
| Inventory | $4.0B |
| Other Current Assets | $150M |
| TOTAL CURRENT ASSETS | $17.2B |
| PP&E (Net) | $17.4B |
| Goodwill | $15.6B |
| Intangible Assets | $15.6B |
| Long-Term Investments | $2.5B |
| Tax Assets | $4.4B |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $57.9B |
| TOTAL ASSETS | $75.1B |
| Account Payables | $16.5B |
| Short-Term Debt | $3.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.9B |
| Long-Term Debt | $27.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.7B |
| Other Non-Current Liabilities | $9.7B |
| TOTAL NON-CURRENT LIABILITIES | $41.1B |
| TOTAL LIABILITIES | $61.0B |
| Common Stock | $23M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $60.8B |
| Treasury Stock | -$35.6B |
| Accum. Other Comp. Income | -$15.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.0B |
| Minority Interest | $85M |
| TOTAL EQUITY | $14.0B |
| TOTAL LIABILITIES & EQUITY | $75.1B |
| Total Debt | $31.2B |
| Net Debt | $27.9B |
