| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.4B | $3.2B | 1.4% | 8.5% |
| Op. Income | $311M | $265M | $292M | 17.4% | 6.6% |
| Gross Margin | 93.6% | 94.1% | 93.9% | -0.6pp | -0.3pp |
| Net Margin | 5.8% | 5.0% | 6.4% | 0.9pp | -0.6pp |
| EPS (Diluted) | $3.16 | $2.66 | $3.13 | 18.8% | 1.0% |
| Free Cash Flow | $623M | $329M | $351M | 89.4% | 77.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $223M |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$3.0B |
| Operating Expenses | $3.2B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $311M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$3.2B |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | -$698.0K |
| BOTTOM LINE NET INCOME | $203M |
| D&A | -$311M |
| EBIT | $311M |
| EBITDA | $0 |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $223M |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$3.0B |
| Operating Expenses | $3.2B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $311M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$3.2B |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | -$698.0K |
| BOTTOM LINE NET INCOME | $203M |
| D&A | -$311M |
| EBIT | $311M |
| EBITDA | $0 |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $202M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $380M |
| OPERATING CASH FLOW | $630M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$850M |
| NET CASH FROM INVESTING | -$857M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $575M |
| NET CASH FROM FINANCING | $495M |
| FREE CASH FLOW | $623M |
| Net Change in Cash | $268M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | -$17.3B |
| Goodwill | $0 |
| Intangible Assets | $3.4B |
| Long-Term Investments | $14.8B |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $66.3B |
| TOTAL NON-CURRENT ASSETS | $69.8B |
| TOTAL ASSETS | $72.0B |
| 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 | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $791.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $7.5B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | $2.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.7B |
| TOTAL LIABILITIES & EQUITY | $14.7B |
| Total Debt | $4.0B |
| Net Debt | $1.7B |
