| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.3B | $13.1B | $13.5B | 1.1% | -1.5% |
| Op. Income | $4.2B | $4.5B | $4.1B | -6.6% | 3.4% |
| Gross Margin | 71.8% | 72.6% | 69.6% | -0.8pp | 2.2pp |
| Net Margin | 38.0% | 29.6% | 28.8% | 8.4pp | 9.3pp |
| EPS (Diluted) | $0.89 | $0.68 | $0.65 | 30.9% | 36.9% |
| Free Cash Flow | $2.0B | $1.1B | $3.4B | 87.3% | -40.3% |
| Item | Amount |
|---|---|
| REVENUE | $13.3B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $9.5B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.5B |
| Other Expenses | $0 |
| Operating Expenses | $5.3B |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $4.2B |
| Interest Income | $59M |
| Interest Expense | $389M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $4.1B |
| Income Tax Expense | -$915M |
| Net Income from Continuing Ops | $5.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.0B |
| D&A | $1.5B |
| EBIT | $4.5B |
| EBITDA | $6.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.3B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $9.5B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.5B |
| Other Expenses | $0 |
| Operating Expenses | $5.3B |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $4.2B |
| Interest Income | $59M |
| Interest Expense | $389M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $4.1B |
| Income Tax Expense | -$915M |
| Net Income from Continuing Ops | $5.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.0B |
| D&A | $1.5B |
| EBIT | $4.5B |
| EBITDA | $6.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5.1B |
| Depreciation & Amortization | $1.5B |
| Stock-Based Compensation | $199M |
| Deferred Income Tax | -$100M |
| Other Non-Cash Items | -$519M |
| Change in Working Capital | -$3.6B |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$588M |
| Acquisitions (Net) | -$109M |
| Purchases of Investments | -$2.7B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | $221M |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2.0B |
| Other Financing Activities | $77M |
| NET CASH FROM FINANCING | -$851M |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | -$153M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $11.1B |
| Net Receivables | $13.5B |
| Inventory | $8.2B |
| Other Current Assets | $12.4B |
| TOTAL CURRENT ASSETS | $47.1B |
| PP&E (Net) | $13.5B |
| Goodwill | $53.4B |
| Intangible Assets | $33.0B |
| Long-Term Investments | $2.9B |
| Tax Assets | $1.9B |
| Other Non-Current Assets | $4.4B |
| TOTAL NON-CURRENT ASSETS | $109.1B |
| TOTAL ASSETS | $156.2B |
| Account Payables | $4.0B |
| Short-Term Debt | $10.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.0B |
| TOTAL CURRENT LIABILITIES | $32.0B |
| Long-Term Debt | $36.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.2B |
| Other Non-Current Liabilities | $23.9B |
| TOTAL NON-CURRENT LIABILITIES | $64.2B |
| TOTAL LIABILITIES | $96.3B |
| Common Stock | $468M |
| Additional Paid-In Capital | $87.0B |
| Retained Earnings | $94.4B |
| Treasury Stock | -$110.8B |
| Accum. Other Comp. Income | -$11.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $59.6B |
| Minority Interest | $357M |
| TOTAL EQUITY | $59.9B |
| TOTAL LIABILITIES & EQUITY | $156.2B |
| Total Debt | $46.7B |
| Net Debt | $44.9B |
