| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.2B | $16.4B | $16.5B | 4.5% | 4.3% |
| Op. Income | $2.9B | $2.7B | $2.8B | 4.6% | 0.4% |
| Gross Margin | 55.2% | 55.0% | 54.3% | 0.2pp | 0.9pp |
| Net Margin | 12.2% | 12.4% | 15.2% | -0.2pp | -2.9pp |
| EPS (Diluted) | $1.49 | $1.44 | $1.75 | 3.5% | -14.9% |
| Free Cash Flow | $2.9B | $1.0B | $3.0B | 186.0% | -4.3% |
| Item | Amount |
|---|---|
| REVENUE | $17.2B |
| Cost of Revenue | $7.7B |
| GROSS PROFIT | $9.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.6B |
| Other Expenses | $0 |
| Operating Expenses | $6.6B |
| Cost & Expenses | $14.3B |
| OPERATING INCOME | $2.9B |
| Interest Income | $38M |
| Interest Expense | $224M |
| Other Income/Expenses | -$186M |
| INCOME BEFORE TAX | $2.7B |
| Income Tax Expense | $559M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $578M |
| EBIT | $2.9B |
| EBITDA | $3.5B |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $17.2B |
| Cost of Revenue | $7.7B |
| GROSS PROFIT | $9.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.6B |
| Other Expenses | $0 |
| Operating Expenses | $6.6B |
| Cost & Expenses | $14.3B |
| OPERATING INCOME | $2.9B |
| Interest Income | $38M |
| Interest Expense | $224M |
| Other Income/Expenses | -$186M |
| INCOME BEFORE TAX | $2.7B |
| Income Tax Expense | $559M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $578M |
| EBIT | $2.9B |
| EBITDA | $3.5B |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.1B |
| Depreciation & Amortization | $578M |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | $189M |
| Change in Working Capital | $773M |
| OPERATING CASH FLOW | $3.7B |
| Capital Expenditure | -$792M |
| Acquisitions (Net) | -$221M |
| Purchases of Investments | $21M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | -$542M |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | $71M |
| NET CASH FROM FINANCING | -$390M |
| FREE CASH FLOW | $2.9B |
| Net Change in Cash | $2.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.5B |
| Short-Term Investments | $287M |
| Net Receivables | $8.7B |
| Inventory | $3.7B |
| Other Current Assets | $127M |
| TOTAL CURRENT ASSETS | $19.2B |
| PP&E (Net) | $17.6B |
| Goodwill | $15.3B |
| Intangible Assets | $15.8B |
| Long-Term Investments | $2.7B |
| Tax Assets | $4.3B |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $58.2B |
| TOTAL ASSETS | $77.4B |
| Account Payables | $17.2B |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $20.1B |
| Long-Term Debt | $29.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.6B |
| Other Non-Current Liabilities | $9.8B |
| TOTAL NON-CURRENT LIABILITIES | $43.1B |
| TOTAL LIABILITIES | $63.2B |
| Common Stock | $23M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $61.5B |
| Treasury Stock | -$36.1B |
| Accum. Other Comp. Income | -$15.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $95M |
| TOTAL EQUITY | $14.2B |
| TOTAL LIABILITIES & EQUITY | $77.4B |
| Total Debt | $32.6B |
| Net Debt | $27.1B |
