| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.0B | $4.8B | $5.3B | 2.9% | -5.3% |
| Op. Income | $940M | $710M | $441M | 32.4% | 113.2% |
| Gross Margin | 56.3% | 54.8% | 57.4% | 1.5pp | -1.2pp |
| Net Margin | 13.3% | 22.1% | 6.9% | -8.7pp | 6.4pp |
| EPS (Diluted) | $0.55 | $0.87 | $0.22 | -36.8% | 150.0% |
| Free Cash Flow | $624M | $204M | $331M | 205.9% | 88.5% |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $573M |
| Other Expenses | -$18M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $940M |
| Interest Income | $78M |
| Interest Expense | $162M |
| Other Income/Expenses | -$134M |
| INCOME BEFORE TAX | $806M |
| Income Tax Expense | $143M |
| Net Income from Continuing Ops | $663M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $663M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $663M |
| D&A | $345M |
| EBIT | $922M |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $573M |
| Other Expenses | -$18M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $940M |
| Interest Income | $78M |
| Interest Expense | $162M |
| Other Income/Expenses | -$134M |
| INCOME BEFORE TAX | $806M |
| Income Tax Expense | $143M |
| Net Income from Continuing Ops | $663M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $663M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $663M |
| D&A | $345M |
| EBIT | $922M |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $663M |
| Depreciation & Amortization | $345M |
| Stock-Based Compensation | $222M |
| Deferred Income Tax | -$295M |
| Other Non-Cash Items | -$87M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $794M |
| Capital Expenditure | -$170M |
| Acquisitions (Net) | -$62M |
| Purchases of Investments | $170M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | -$120M |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$752M |
| Other Financing Activities | -$41M |
| NET CASH FROM FINANCING | -$644M |
| FREE CASH FLOW | $624M |
| Net Change in Cash | $69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.1B |
| Short-Term Investments | $195M |
| Net Receivables | $3.6B |
| Inventory | $1.7B |
| Other Current Assets | $631M |
| TOTAL CURRENT ASSETS | $16.3B |
| PP&E (Net) | $2.9B |
| Goodwill | $6.3B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $0 |
| Tax Assets | $3.8B |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $17.7B |
| TOTAL ASSETS | $34.0B |
| Account Payables | $1.7B |
| Short-Term Debt | $998M |
| Deferred Revenue | $478M |
| Other Current Liabilities | $6.3B |
| TOTAL CURRENT LIABILITIES | $10.5B |
| Long-Term Debt | $15.4B |
| Deferred Revenue NC | $1.3B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.9B |
| TOTAL NON-CURRENT LIABILITIES | $19.6B |
| TOTAL LIABILITIES | $30.2B |
| Common Stock | $384M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $173M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $34.0B |
| Total Debt | $16.4B |
| Net Debt | $6.3B |
