| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.8B | $9.3B | $8.8B | 5.3% | 12.1% |
| Op. Income | $1.1B | $996M | $1.0B | 9.1% | 5.6% |
| Gross Margin | 28.9% | 28.9% | 29.8% | 0.0pp | -0.9pp |
| Net Margin | 7.8% | 7.9% | 7.3% | -0.2pp | 0.4pp |
| EPS (Diluted) | $0.61 | $0.59 | $0.50 | 3.4% | 22.0% |
| Free Cash Flow | $618M | $527M | $506M | 17.3% | 22.2% |
| Item | Amount |
|---|---|
| REVENUE | $9.8B |
| Cost of Revenue | $7.0B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $13M |
| Interest Expense | $16M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $284M |
| Net Income from Continuing Ops | $762M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $762M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $762M |
| D&A | $205M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.8B |
| Cost of Revenue | $7.0B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $13M |
| Interest Expense | $16M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $284M |
| Net Income from Continuing Ops | $762M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $762M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $762M |
| D&A | $205M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $762M |
| Depreciation & Amortization | $205M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $81M |
| Change in Working Capital | -$161M |
| OPERATING CASH FLOW | $917M |
| Capital Expenditure | -$299M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $1.0K |
| NET CASH FROM INVESTING | -$298M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$601M |
| Common Dividends Paid | -$241M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$770M |
| FREE CASH FLOW | $618M |
| Net Change in Cash | -$161M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $0 |
| Net Receivables | $517M |
| Inventory | $5.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.3B |
| PP&E (Net) | $5.2B |
| Goodwill | $97M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $445M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $15.0B |
| Account Payables | $3.3B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.0B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $237M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$592M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $15.0B |
| Total Debt | $2.2B |
| Net Debt | -$479M |
