| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.3B | $6.3B | $5.9B | -0.7% | 5.9% |
| Op. Income | $988M | $1.1B | $881M | -6.4% | 12.1% |
| Gross Margin | 44.1% | 44.8% | 44.2% | -0.7pp | -0.1pp |
| Net Margin | 12.1% | 17.7% | 12.0% | -5.6pp | 0.1pp |
| EPS (Diluted) | $1.88 | $2.77 | $1.75 | -32.1% | 7.4% |
| Free Cash Flow | $901M | $1.1B | $1.0B | -16.1% | -13.9% |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $247M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $27M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $988M |
| Interest Income | $52M |
| Interest Expense | $164M |
| Other Income/Expenses | -$166M |
| INCOME BEFORE TAX | $822M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $760M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $760M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $760M |
| D&A | $575M |
| EBIT | $986M |
| EBITDA | $1.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $247M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $27M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $988M |
| Interest Income | $52M |
| Interest Expense | $164M |
| Other Income/Expenses | -$166M |
| INCOME BEFORE TAX | $822M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $760M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $760M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $760M |
| D&A | $575M |
| EBIT | $986M |
| EBITDA | $1.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $760M |
| Depreciation & Amortization | $575M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $94M |
| Change in Working Capital | -$363M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$216M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $17M |
| NET CASH FROM INVESTING | -$198M |
| Net Debt Issuance | -$1.7B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$77M |
| Other Financing Activities | -$49M |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $901M |
| Net Change in Cash | -$1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $5.0B |
| Inventory | $3.3B |
| Other Current Assets | $940M |
| TOTAL CURRENT ASSETS | $10.5B |
| PP&E (Net) | $5.1B |
| Goodwill | $25.6B |
| Intangible Assets | $14.3B |
| Long-Term Investments | $108M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $46.2B |
| TOTAL ASSETS | $56.7B |
| Account Payables | $1.7B |
| Short-Term Debt | $819M |
| Deferred Revenue | $943M |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $16.4B |
| Deferred Revenue NC | $562M |
| Deferred Tax Liabilities | $2.0B |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $21.5B |
| TOTAL LIABILITIES | $27.4B |
| Common Stock | $434M |
| Additional Paid-In Capital | $15.0B |
| Retained Earnings | $21.2B |
| Treasury Stock | -$4.5B |
| Accum. Other Comp. Income | -$2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.4B |
| TOTAL LIABILITIES & EQUITY | $56.7B |
| Total Debt | $17.7B |
| Net Debt | $16.4B |
