| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $855M | $843M | $775M | 1.5% | 10.3% |
| Op. Income | $151M | $148M | $141M | 1.9% | 7.3% |
| Gross Margin | 94.7% | 93.4% | 93.7% | 1.3pp | 1.0pp |
| Net Margin | 12.8% | 12.9% | 13.4% | -0.2pp | -0.6pp |
| EPS (Diluted) | $0.89 | $0.87 | $0.83 | 2.3% | 7.2% |
| Free Cash Flow | $329M | $28M | $161M | 1091.8% | 104.8% |
| Item | Amount |
|---|---|
| REVENUE | $855M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $810M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $486M |
| SG&A Expenses | $486M |
| Other Expenses | $173M |
| Operating Expenses | $659M |
| Cost & Expenses | $704M |
| OPERATING INCOME | $151M |
| Interest Income | $179M |
| Interest Expense | $44M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $12M |
| EBIT | $151M |
| EBITDA | $163M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $855M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $810M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $486M |
| SG&A Expenses | $486M |
| Other Expenses | $173M |
| Operating Expenses | $659M |
| Cost & Expenses | $704M |
| OPERATING INCOME | $151M |
| Interest Income | $179M |
| Interest Expense | $44M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $12M |
| EBIT | $151M |
| EBITDA | $163M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $110M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | -$52M |
| Change in Working Capital | $264M |
| OPERATING CASH FLOW | $344M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$108M |
| Purchases of Investments | -$491M |
| Sales/Maturities of Investments | $828M |
| Other Investing Activities | -$131M |
| NET CASH FROM INVESTING | $84M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$55M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$240M |
| NET CASH FROM FINANCING | -$310M |
| FREE CASH FLOW | $329M |
| Net Change in Cash | $113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $869M |
| Short-Term Investments | $3.4B |
| Net Receivables | $2.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $1.0B |
| Goodwill | $1.2B |
| Intangible Assets | $116M |
| Long-Term Investments | $14.0B |
| Tax Assets | $111M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $17.8B |
| TOTAL ASSETS | $24.2B |
| Account Payables | $2.5B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.8B |
| TOTAL CURRENT LIABILITIES | $18.8B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $436M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $20.6B |
| Common Stock | $11M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$289M |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $56M |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $24.2B |
| Total Debt | $2.8B |
| Net Debt | $1.9B |
