| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $593M | $583M | $470M | 1.8% | 26.2% |
| Op. Income | $184M | $214M | $150M | -14.2% | 22.8% |
| Gross Margin | 54.4% | 60.9% | 60.7% | -6.4pp | -6.3pp |
| Net Margin | 25.3% | 27.2% | 23.4% | -1.8pp | 2.0pp |
| EPS (Diluted) | $0.35 | $0.36 | $0.25 | -2.8% | 40.0% |
| Free Cash Flow | -$80M | $17M | -$65M | -577.2% | -22.1% |
| Item | Amount |
|---|---|
| REVENUE | $593M |
| Cost of Revenue | $270M |
| GROSS PROFIT | $323M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $74M |
| SG&A Expenses | $74M |
| Other Expenses | $65M |
| Operating Expenses | $139M |
| Cost & Expenses | $409M |
| OPERATING INCOME | $184M |
| Interest Income | $574M |
| Interest Expense | $177M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $184M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $3M |
| EBIT | $184M |
| EBITDA | $187M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $593M |
| Cost of Revenue | $270M |
| GROSS PROFIT | $323M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $74M |
| SG&A Expenses | $74M |
| Other Expenses | $65M |
| Operating Expenses | $139M |
| Cost & Expenses | $409M |
| OPERATING INCOME | $184M |
| Interest Income | $574M |
| Interest Expense | $177M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $184M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $3M |
| EBIT | $184M |
| EBITDA | $187M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $150M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $34M |
| Other Non-Cash Items | $86M |
| Change in Working Capital | -$358M |
| OPERATING CASH FLOW | -$80M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$127M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $271M |
| NET CASH FROM INVESTING | $150M |
| Net Debt Issuance | $385M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $1.5B |
| NET CASH FROM FINANCING | $1.8B |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | $1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $332M |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $130M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $23.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $323M |
| TOTAL NON-CURRENT ASSETS | $23.7B |
| TOTAL ASSETS | $29.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.4B |
| TOTAL CURRENT LIABILITIES | $21.4B |
| Long-Term Debt | $4.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $246M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $26.5B |
| Common Stock | $91M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$277M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $29.6B |
| Total Debt | $4.9B |
| Net Debt | $864M |
