| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.5B | $12.3B | $11.0B | 1.6% | 13.8% |
| Op. Income | $3.0B | $2.9B | $2.8B | 2.1% | 4.7% |
| Gross Margin | 64.8% | 65.7% | 70.9% | -0.8pp | -6.1pp |
| Net Margin | 19.1% | 19.2% | 20.6% | -0.1pp | -1.6pp |
| EPS (Diluted) | $1.62 | $1.61 | $1.53 | 0.9% | 5.7% |
| Free Cash Flow | $1.9B | -$8.6B | $11.0B | 122.6% | -82.3% |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $8.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.4B |
| SG&A Expenses | $3.4B |
| Other Expenses | $1.7B |
| Operating Expenses | $5.1B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $3.0B |
| Interest Income | $7.8B |
| Interest Expense | $4.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $598M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $335M |
| EBIT | $3.0B |
| EBITDA | $3.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $8.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.4B |
| SG&A Expenses | $3.4B |
| Other Expenses | $1.7B |
| Operating Expenses | $5.1B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $3.0B |
| Interest Income | $7.8B |
| Interest Expense | $4.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $598M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $335M |
| EBIT | $3.0B |
| EBITDA | $3.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $335M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$159M |
| Other Non-Cash Items | $276M |
| Change in Working Capital | -$544M |
| OPERATING CASH FLOW | $2.3B |
| Capital Expenditure | -$353M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | -$11.2B |
| Sales/Maturities of Investments | $11.1B |
| Other Investing Activities | -$3.5B |
| NET CASH FROM INVESTING | -$4.0B |
| Net Debt Issuance | -$1.3B |
| Common Stock Repurchased | -$886M |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$730.8K |
| NET CASH FROM FINANCING | -$2.5B |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | -$4.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42.7B |
| Short-Term Investments | $105.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $147.8B |
| PP&E (Net) | $2.2B |
| Goodwill | $8.1B |
| Intangible Assets | $3.5B |
| Long-Term Investments | $555.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $313.2B |
| TOTAL NON-CURRENT ASSETS | $880.3B |
| TOTAL ASSETS | $1.0T |
| Account Payables | $0 |
| Short-Term Debt | $230.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $482.9B |
| TOTAL CURRENT LIABILITIES | $712.8B |
| Long-Term Debt | $123.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $131.4B |
| TOTAL NON-CURRENT LIABILITIES | $255.1B |
| TOTAL LIABILITIES | $967.9B |
| Common Stock | $12.9B |
| Additional Paid-In Capital | $12.9B |
| Retained Earnings | $40.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $60.1B |
| Minority Interest | $72M |
| TOTAL EQUITY | $60.2B |
| TOTAL LIABILITIES & EQUITY | $1.0T |
| Total Debt | $353.6B |
| Net Debt | $310.9B |
