| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.0B | $11.1B | $10.6B | -0.9% | 3.9% |
| Op. Income | $1.5B | $1.5B | $1.4B | 4.4% | 6.3% |
| Gross Margin | 60.7% | 58.8% | 59.3% | 1.9pp | 1.4pp |
| Net Margin | 8.6% | 8.2% | 7.4% | 0.4pp | 1.2pp |
| EPS (Diluted) | $1.09 | $1.06 | $0.92 | 2.8% | 18.5% |
| Free Cash Flow | -$307M | -$724M | -$396M | 57.6% | 22.5% |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.5B |
| Other Expenses | $1.6B |
| Operating Expenses | $5.1B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $1.5B |
| Interest Income | $4M |
| Interest Expense | $283M |
| Other Income/Expenses | -$301M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $301M |
| Net Income from Continuing Ops | $939M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $939M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $939M |
| D&A | $1.6B |
| EBIT | $1.5B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.5B |
| Other Expenses | $1.6B |
| Operating Expenses | $5.1B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $1.5B |
| Interest Income | $4M |
| Interest Expense | $283M |
| Other Income/Expenses | -$301M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $301M |
| Net Income from Continuing Ops | $939M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $939M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $939M |
| D&A | $1.6B |
| EBIT | $1.5B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $939M |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $130M |
| Deferred Income Tax | $267M |
| Other Non-Cash Items | $138M |
| Change in Working Capital | -$912M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$2.5B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $839M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$829M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$33M |
| NET CASH FROM FINANCING | -$866M |
| FREE CASH FLOW | -$307M |
| Net Change in Cash | -$334M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $4.3B |
| Inventory | $998M |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $8.1B |
| PP&E (Net) | $34.9B |
| Goodwill | $1.9B |
| Intangible Assets | $36.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $76.7B |
| TOTAL ASSETS | $84.8B |
| Account Payables | $7.3B |
| Short-Term Debt | $300M |
| Deferred Revenue | $620M |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $13.2B |
| Long-Term Debt | $11.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.1B |
| Other Non-Current Liabilities | $14.9B |
| TOTAL NON-CURRENT LIABILITIES | $44.6B |
| TOTAL LIABILITIES | $57.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $38.2B |
| Retained Earnings | -$10.5B |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$813M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $27.0B |
| TOTAL LIABILITIES & EQUITY | $84.8B |
| Total Debt | $28.2B |
| Net Debt | $27.1B |
