| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.7B | $13.3B | $13.3B | -4.4% | -4.6% |
| Op. Income | $3.4B | $4.2B | $3.9B | -19.8% | -13.5% |
| Gross Margin | 70.1% | 71.8% | 70.5% | -1.8pp | -0.4pp |
| Net Margin | 60.6% | 38.0% | 30.9% | 22.5pp | 29.6pp |
| EPS (Diluted) | $1.36 | $0.89 | $0.69 | 52.8% | 97.1% |
| Free Cash Flow | $3.8B | $2.0B | $4.7B | 90.2% | -18.1% |
| Item | Amount |
|---|---|
| REVENUE | $12.7B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $8.9B |
| R&D Expenses | $2.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.2B |
| Other Expenses | $0 |
| Operating Expenses | $5.5B |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $3.4B |
| Interest Income | $60M |
| Interest Expense | $409M |
| Other Income/Expenses | $7.4B |
| INCOME BEFORE TAX | $10.7B |
| Income Tax Expense | $3.0B |
| Net Income from Continuing Ops | $7.7B |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | $0 |
| NET INCOME | $7.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7.7B |
| D&A | $1.6B |
| EBIT | $11.1B |
| EBITDA | $12.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.7B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $8.9B |
| R&D Expenses | $2.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.2B |
| Other Expenses | $0 |
| Operating Expenses | $5.5B |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $3.4B |
| Interest Income | $60M |
| Interest Expense | $409M |
| Other Income/Expenses | $7.4B |
| INCOME BEFORE TAX | $10.7B |
| Income Tax Expense | $3.0B |
| Net Income from Continuing Ops | $7.7B |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | $0 |
| NET INCOME | $7.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7.7B |
| D&A | $1.6B |
| EBIT | $11.1B |
| EBITDA | $12.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7.7B |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | $2.2B |
| Other Non-Cash Items | -$8.5B |
| Change in Working Capital | $1.5B |
| OPERATING CASH FLOW | $4.5B |
| Capital Expenditure | -$662M |
| Acquisitions (Net) | -$11.0B |
| Purchases of Investments | -$531M |
| Sales/Maturities of Investments | $5.3B |
| Other Investing Activities | $62M |
| NET CASH FROM INVESTING | -$6.8B |
| Net Debt Issuance | $5.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2.0B |
| Other Financing Activities | -$70M |
| NET CASH FROM FINANCING | $3.3B |
| FREE CASH FLOW | $3.8B |
| Net Change in Cash | $1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $6.3B |
| Net Receivables | $13.2B |
| Inventory | $8.2B |
| Other Current Assets | $3.0B |
| TOTAL CURRENT ASSETS | $33.5B |
| PP&E (Net) | $13.7B |
| Goodwill | $58.7B |
| Intangible Assets | $39.0B |
| Long-Term Investments | $18.7B |
| Tax Assets | $2.0B |
| Other Non-Current Assets | $4.9B |
| TOTAL NON-CURRENT ASSETS | $137.0B |
| TOTAL ASSETS | $170.4B |
| Account Payables | $3.9B |
| Short-Term Debt | $16.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.5B |
| TOTAL CURRENT LIABILITIES | $37.0B |
| Long-Term Debt | $36.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.7B |
| Other Non-Current Liabilities | $25.3B |
| TOTAL NON-CURRENT LIABILITIES | $68.1B |
| TOTAL LIABILITIES | $105.0B |
| Common Stock | $468M |
| Additional Paid-In Capital | $87.1B |
| Retained Earnings | $100.1B |
| Treasury Stock | -$110.8B |
| Accum. Other Comp. Income | -$11.8B |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | $65.1B |
| Minority Interest | $293M |
| TOTAL EQUITY | $65.4B |
| TOTAL LIABILITIES & EQUITY | $170.4B |
| Total Debt | $52.7B |
| Net Debt | $49.9B |
