| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $810M | $972M | $913M | -16.6% | -11.3% |
| Op. Income | $238M | $321M | $289M | -26.0% | -17.9% |
| Gross Margin | 49.4% | 49.9% | 50.2% | -0.5pp | -0.8pp |
| Net Margin | 26.4% | 29.3% | 30.2% | -2.9pp | -3.8pp |
| EPS (Diluted) | $1.23 | $1.60 | $1.50 | -23.1% | -18.0% |
| Free Cash Flow | $83M | $420M | $344M | -80.3% | -76.0% |
| Item | Amount |
|---|---|
| REVENUE | $810M |
| Cost of Revenue | $410M |
| GROSS PROFIT | $400M |
| R&D Expenses | $108M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $7M |
| Operating Expenses | $163M |
| Cost & Expenses | $573M |
| OPERATING INCOME | $238M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $241M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $214M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $214M |
| D&A | $92M |
| EBIT | $239M |
| EBITDA | $331M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $810M |
| Cost of Revenue | $410M |
| GROSS PROFIT | $400M |
| R&D Expenses | $108M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $7M |
| Operating Expenses | $163M |
| Cost & Expenses | $573M |
| OPERATING INCOME | $238M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $241M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $214M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $214M |
| D&A | $92M |
| EBIT | $239M |
| EBITDA | $331M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $214M |
| Depreciation & Amortization | $92M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$29M |
| Other Non-Cash Items | -$300.0K |
| Change in Working Capital | -$106M |
| OPERATING CASH FLOW | $192M |
| Capital Expenditure | -$110M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$165M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$268M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$143M |
| Common Dividends Paid | -$66M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | -$193M |
| FREE CASH FLOW | $83M |
| Net Change in Cash | -$269M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $816M |
| Short-Term Investments | $141M |
| Net Receivables | $544M |
| Inventory | $555M |
| Other Current Assets | $104M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.2B |
| Intangible Assets | $130M |
| Long-Term Investments | $34M |
| Tax Assets | $49M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $168M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $100M |
| TOTAL CURRENT LIABILITIES | $338M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $316M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $346M |
| TOTAL LIABILITIES | $685M |
| Common Stock | $43M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $0 |
| Net Debt | -$816M |
