| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.4B | $6.6B | $7.5B | 12.1% | -2.5% |
| Op. Income | $2.6B | $2.2B | $2.4B | 15.7% | 7.0% |
| Gross Margin | 63.7% | 66.8% | 57.5% | -3.2pp | 6.2pp |
| Net Margin | 27.1% | 16.4% | 9.4% | 10.7pp | 17.7pp |
| EPS (Diluted) | $1.27 | $0.68 | $0.43 | 87.1% | 194.9% |
| Free Cash Flow | $1.5B | $471M | $500M | 220.8% | 202.5% |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.1B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $2.6B |
| Interest Income | $0 |
| Interest Expense | $180M |
| Other Income/Expenses | -$1.0B |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $442M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $1.2B |
| EBIT | $1.4B |
| EBITDA | $2.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.1B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $2.6B |
| Interest Income | $0 |
| Interest Expense | $180M |
| Other Income/Expenses | -$1.0B |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $442M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $1.2B |
| EBIT | $1.4B |
| EBITDA | $2.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$731M |
| Other Non-Cash Items | -$191M |
| Change in Working Capital | $313M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$997M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $106M |
| NET CASH FROM INVESTING | -$891M |
| Net Debt Issuance | -$582M |
| Common Stock Repurchased | -$403M |
| Common Dividends Paid | -$481M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | $136M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $3.3B |
| Inventory | $2.7B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.5B |
| PP&E (Net) | $57.6B |
| Goodwill | $0 |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $146M |
| Other Non-Current Assets | $932M |
| TOTAL NON-CURRENT ASSETS | $60.9B |
| TOTAL ASSETS | $68.4B |
| Account Payables | $4.5B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $520M |
| TOTAL CURRENT LIABILITIES | $7.7B |
| Long-Term Debt | $9.5B |
| Deferred Revenue NC | $6.0B |
| Deferred Tax Liabilities | $8.0B |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $27.5B |
| TOTAL LIABILITIES | $35.1B |
| Common Stock | $18.7B |
| Additional Paid-In Capital | $411M |
| Retained Earnings | $13.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $678M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $33.3B |
| TOTAL LIABILITIES & EQUITY | $68.4B |
| Total Debt | $13.3B |
| Net Debt | $11.8B |
