| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.6B | $7.7B | $7.5B | -0.7% | 1.8% |
| Op. Income | $2.8B | $3.2B | $3.1B | -12.5% | -11.4% |
| Gross Margin | 65.9% | 65.4% | 65.1% | 0.5pp | 0.8pp |
| Net Margin | 24.8% | 30.1% | 29.9% | -5.3pp | -5.1pp |
| EPS (Diluted) | $1.22 | $1.49 | $1.44 | -18.1% | -15.3% |
| Free Cash Flow | $1.9B | $3.3B | $1.4B | -42.1% | 39.4% |
| Item | Amount |
|---|---|
| REVENUE | $7.6B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.3B |
| SG&A Expenses | $2.3B |
| Other Expenses | -$5M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $2.8B |
| Interest Income | $0 |
| Interest Expense | $132M |
| Other Income/Expenses | -$107M |
| INCOME BEFORE TAX | $2.7B |
| Income Tax Expense | $635M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $237M |
| EBIT | $2.8B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.6B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.3B |
| SG&A Expenses | $2.3B |
| Other Expenses | -$5M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $2.8B |
| Interest Income | $0 |
| Interest Expense | $132M |
| Other Income/Expenses | -$107M |
| INCOME BEFORE TAX | $2.7B |
| Income Tax Expense | $635M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $237M |
| EBIT | $2.8B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $237M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $113M |
| Change in Working Capital | -$201M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$194M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $319M |
| NET CASH FROM INVESTING | $122M |
| Net Debt Issuance | $2.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.8B |
| Other Financing Activities | -$48M |
| NET CASH FROM FINANCING | $453M |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | $2.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.5B |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $8.5B |
| Other Current Assets | $810M |
| TOTAL CURRENT ASSETS | $19.6B |
| PP&E (Net) | $6.6B |
| Goodwill | $5.7B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $4.5B |
| Tax Assets | $968M |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $21.8B |
| TOTAL ASSETS | $41.4B |
| Account Payables | $1.7B |
| Short-Term Debt | $5.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $813M |
| TOTAL CURRENT LIABILITIES | $18.0B |
| Long-Term Debt | $26.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $905M |
| Other Non-Current Liabilities | $5.2B |
| TOTAL NON-CURRENT LIABILITIES | $32.5B |
| TOTAL LIABILITIES | $50.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $31.2B |
| Treasury Stock | -$35.2B |
| Accum. Other Comp. Income | -$9.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$11.0B |
| Minority Interest | $1.9B |
| TOTAL EQUITY | -$9.2B |
| TOTAL LIABILITIES & EQUITY | $41.4B |
| Total Debt | $31.8B |
| Net Debt | $25.3B |
