| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $4.0B | $3.9B | 2.0% | 4.2% |
| Op. Income | $1.4B | $1.1B | $893M | 21.8% | 54.0% |
| Gross Margin | 60.2% | 55.1% | 50.1% | 5.1pp | 10.1pp |
| Net Margin | 26.1% | 21.5% | 17.3% | 4.6pp | 8.8pp |
| EPS (Diluted) | $1.60 | $1.24 | $0.91 | 29.0% | 75.8% |
| Free Cash Flow | $2.4B | $2.0B | $2.7B | 22.0% | -10.7% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $139M |
| General & Administrative | $359M |
| SG&A Expenses | $498M |
| Other Expenses | $566M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $1.4B |
| Interest Income | $5.0B |
| Interest Expense | $592M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $319M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $94M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $139M |
| General & Administrative | $359M |
| SG&A Expenses | $498M |
| Other Expenses | $566M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $1.4B |
| Interest Income | $5.0B |
| Interest Expense | $592M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $319M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $94M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $1.0B |
| Deferred Income Tax | -$32M |
| Other Non-Cash Items | $161M |
| Change in Working Capital | $101M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$954M |
| Sales/Maturities of Investments | $2.7B |
| Other Investing Activities | -$3.3B |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$885M |
| Common Stock Repurchased | -$550M |
| Common Dividends Paid | -$145M |
| Other Financing Activities | $327M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $2.4B |
| Net Change in Cash | -$424M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.5B |
| Short-Term Investments | $4.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.0B |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $91.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.7B |
| TOTAL NON-CURRENT ASSETS | $89.9B |
| TOTAL ASSETS | $105.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $66.0B |
| TOTAL CURRENT LIABILITIES | $70.5B |
| Long-Term Debt | $20.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $20.4B |
| TOTAL LIABILITIES | $90.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $9.5B |
| Retained Earnings | $11.5B |
| Treasury Stock | -$5.9B |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.1B |
| TOTAL LIABILITIES & EQUITY | $105.9B |
| Total Debt | $20.4B |
| Net Debt | $8.9B |
