Reported June 29, 2019
| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | $1.9B | -1.0% | 7.7% |
| Op. Income | $588M | $695M | $417M | -15.4% | 41.0% |
| Gross Margin | 63.6% | 65.6% | 60.4% | -2.0pp | 3.2pp |
| Net Margin | 14.1% | 17.9% | 9.3% | -3.8pp | 4.8pp |
| EPS (Diluted) | $0.28 | $0.36 | $0.17 | -22.0% | 63.8% |
| Free Cash Flow | $323M | $491M | -$68M | -34.1% | 577.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $725M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $63M |
| General & Administrative | $269M |
| SG&A Expenses | $332M |
| Other Expenses | $348M |
| Operating Expenses | $680M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $588M |
| Interest Income | $21M |
| Interest Expense | $61M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $550M |
| Income Tax Expense | $145M |
| Net Income from Continuing Ops | $404M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $337M |
| EBIT | $610M |
| EBITDA | $947M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $725M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $63M |
| General & Administrative | $269M |
| SG&A Expenses | $332M |
| Other Expenses | $348M |
| Operating Expenses | $680M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $588M |
| Interest Income | $21M |
| Interest Expense | $61M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $550M |
| Income Tax Expense | $145M |
| Net Income from Continuing Ops | $404M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $337M |
| EBIT | $610M |
| EBITDA | $947M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $281M |
| Depreciation & Amortization | $337M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $229M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $847M |
| Capital Expenditure | -$523M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$62M |
| NET CASH FROM INVESTING | -$586M |
| Net Debt Issuance | $809M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$625M |
| Other Financing Activities | -$493M |
| NET CASH FROM FINANCING | -$623M |
| FREE CASH FLOW | $323M |
| Net Change in Cash | -$364M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $987M |
| Short-Term Investments | $115M |
| Net Receivables | $989M |
| Inventory | $45M |
| Other Current Assets | $610M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $8.4B |
| Goodwill | $81M |
| Intangible Assets | $331M |
| Long-Term Investments | $155M |
| Tax Assets | $141M |
| Other Non-Current Assets | $532M |
| TOTAL NON-CURRENT ASSETS | $9.6B |
| TOTAL ASSETS | $12.5B |
| Account Payables | $904M |
| Short-Term Debt | $642M |
| Deferred Revenue | $397M |
| Other Current Liabilities | $3.5B |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $73M |
| Other Non-Current Liabilities | $412M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $286M |
| Additional Paid-In Capital | $156M |
| Retained Earnings | $4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $886M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $832M |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $12.5B |
| Total Debt | $3.3B |
| Net Debt | $2.3B |