| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $2.4B | $2.9B | 32.7% | 9.7% |
| Op. Income | $1.1B | $433M | $1.2B | 152.1% | -8.1% |
| Gross Margin | 45.4% | 31.6% | 50.9% | 13.8pp | -5.5pp |
| Net Margin | 30.5% | 14.9% | 35.6% | 15.6pp | -5.1pp |
| EPS (Diluted) | $1.71 | $0.61 | $1.73 | 180.8% | -1.4% |
| Free Cash Flow | -$541M | $359M | -$83M | -250.7% | -549.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $180M |
| General & Administrative | $0 |
| SG&A Expenses | $180M |
| Other Expenses | $193M |
| Operating Expenses | $374M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $90M |
| Net Income from Continuing Ops | $984M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $984M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $984M |
| D&A | $189M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $180M |
| General & Administrative | $0 |
| SG&A Expenses | $180M |
| Other Expenses | $193M |
| Operating Expenses | $374M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $90M |
| Net Income from Continuing Ops | $984M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $984M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $984M |
| D&A | $189M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $984M |
| Depreciation & Amortization | $189M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $90M |
| Other Non-Cash Items | -$83M |
| Change in Working Capital | -$1.3B |
| OPERATING CASH FLOW | -$135M |
| Capital Expenditure | -$405M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $455M |
| NET CASH FROM INVESTING | $450M |
| Net Debt Issuance | -$69M |
| Common Stock Repurchased | -$317M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$387M |
| FREE CASH FLOW | -$541M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $1.8B |
| Net Receivables | $63M |
| Inventory | $8M |
| Other Current Assets | $880M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $10.1B |
| Goodwill | $0 |
| Intangible Assets | $171M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $10.3B |
| TOTAL ASSETS | $14.6B |
| Account Payables | $406M |
| Short-Term Debt | $496M |
| Deferred Revenue | $2.5B |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $811M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $8.2B |
| Common Stock | $8M |
| Additional Paid-In Capital | $841M |
| Retained Earnings | $5.2B |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $357M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $14.6B |
| Total Debt | $4.5B |
| Net Debt | $3.0B |
