| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | $2.8B | -0.9% | 5.9% |
| Op. Income | $1.2B | $1.2B | $1.2B | 0.0% | 1.4% |
| Gross Margin | 91.2% | 89.4% | 91.9% | 1.8pp | -0.7pp |
| Net Margin | 32.0% | 31.2% | 32.9% | 0.8pp | -0.9pp |
| EPS (Diluted) | $0.70 | $0.66 | $0.65 | 6.1% | 7.7% |
| Free Cash Flow | $5.2B | $2.0B | $1.1B | 154.4% | 360.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $261M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $454M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $1.2B |
| Interest Income | $1.9B |
| Interest Expense | $261M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $285M |
| Net Income from Continuing Ops | $951M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $951M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $913M |
| D&A | $88M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $261M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $454M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $1.2B |
| Interest Income | $1.9B |
| Interest Expense | $261M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $285M |
| Net Income from Continuing Ops | $951M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $951M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $913M |
| D&A | $88M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $951M |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $185M |
| Change in Working Capital | $4.1B |
| OPERATING CASH FLOW | $5.4B |
| Capital Expenditure | -$205M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23.4B |
| Sales/Maturities of Investments | $16.7B |
| Other Investing Activities | -$306M |
| NET CASH FROM INVESTING | -$7.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$809M |
| Common Dividends Paid | -$271M |
| Other Financing Activities | $969M |
| NET CASH FROM FINANCING | -$111M |
| FREE CASH FLOW | $5.2B |
| Net Change in Cash | -$1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20.3B |
| Short-Term Investments | $56.5B |
| Net Receivables | $22.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $99.1B |
| PP&E (Net) | $2.0B |
| Goodwill | $1.2B |
| Intangible Assets | $0 |
| Long-Term Investments | $197.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $202.3B |
| TOTAL ASSETS | $279.0B |
| Account Payables | $37.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $209.3B |
| TOTAL CURRENT LIABILITIES | $250.2B |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $257.6B |
| Common Stock | $15M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | $19.4B |
| Treasury Stock | -$5.6B |
| Accum. Other Comp. Income | $144M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.4B |
| TOTAL LIABILITIES & EQUITY | $279.0B |
| Total Debt | $7.4B |
| Net Debt | -$12.8B |
