| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.5B | $3.2B | 4.8% | 12.8% |
| Op. Income | $347M | $260M | $323M | 33.5% | 7.5% |
| Gross Margin | 17.1% | 15.5% | 17.5% | 1.6pp | -0.4pp |
| Net Margin | 7.2% | 5.8% | 9.3% | 1.4pp | -2.1pp |
| EPS (Diluted) | $4.12 | $3.18 | $4.68 | 29.6% | -12.0% |
| Free Cash Flow | $786M | $623M | $511M | 26.3% | 54.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $623M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $276M |
| Operating Expenses | $276M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $347M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $347M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $11M |
| EBIT | $393M |
| EBITDA | $404M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $623M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $276M |
| Operating Expenses | $276M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $347M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $347M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $263M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $263M |
| D&A | $11M |
| EBIT | $393M |
| EBITDA | $404M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $263M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $65M |
| Change in Working Capital | $454M |
| OPERATING CASH FLOW | $794M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.7B |
| Sales/Maturities of Investments | $5.6B |
| Other Investing Activities | -$96M |
| NET CASH FROM INVESTING | -$217M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$44M |
| Other Financing Activities | -$105M |
| NET CASH FROM FINANCING | -$204M |
| FREE CASH FLOW | $786M |
| Net Change in Cash | $348M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $64.5B |
| Tax Assets | $2.8B |
| Other Non-Current Assets | $5.8B |
| TOTAL NON-CURRENT ASSETS | $70.3B |
| TOTAL ASSETS | $75.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.8B |
| Other Non-Current Liabilities | $57.5B |
| TOTAL NON-CURRENT LIABILITIES | $64.3B |
| TOTAL LIABILITIES | $64.3B |
| Common Stock | $791.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $7.8B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | $3.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.5B |
| TOTAL LIABILITIES & EQUITY | $75.8B |
| Total Debt | $4.0B |
| Net Debt | $1.4B |
