| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.1B | $11.0B | $10.8B | 0.7% | 2.0% |
| Op. Income | $1.5B | $1.5B | $1.4B | -4.5% | 2.2% |
| Gross Margin | 59.9% | 60.7% | 59.0% | -0.9pp | 0.9pp |
| Net Margin | 7.9% | 8.6% | 7.3% | -0.7pp | 0.5pp |
| EPS (Diluted) | $1.01 | $1.09 | $0.93 | -7.3% | 8.6% |
| Free Cash Flow | $221M | -$307M | -$470M | 172.0% | 147.0% |
| Item | Amount |
|---|---|
| REVENUE | $11.1B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $6.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.5B |
| Other Expenses | $1.7B |
| Operating Expenses | $5.2B |
| Cost & Expenses | $9.6B |
| OPERATING INCOME | $1.5B |
| Interest Income | $5M |
| Interest Expense | $284M |
| Other Income/Expenses | -$276M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $325M |
| Net Income from Continuing Ops | $870M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $870M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $870M |
| D&A | $1.7B |
| EBIT | $1.5B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.1B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $6.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.5B |
| Other Expenses | $1.7B |
| Operating Expenses | $5.2B |
| Cost & Expenses | $9.6B |
| OPERATING INCOME | $1.5B |
| Interest Income | $5M |
| Interest Expense | $284M |
| Other Income/Expenses | -$276M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $325M |
| Net Income from Continuing Ops | $870M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $870M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $870M |
| D&A | $1.7B |
| EBIT | $1.5B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $870M |
| Depreciation & Amortization | $1.7B |
| Stock-Based Compensation | $126M |
| Deferred Income Tax | $294M |
| Other Non-Cash Items | $191M |
| Change in Working Capital | -$1.4B |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$1.5B |
| Acquisitions (Net) | -$31M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $901M |
| NET CASH FROM INVESTING | -$657M |
| Net Debt Issuance | -$535M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$543M |
| FREE CASH FLOW | $221M |
| Net Change in Cash | $548M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $4.3B |
| Inventory | $801M |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $8.5B |
| PP&E (Net) | $35.9B |
| Goodwill | $1.9B |
| Intangible Assets | $36.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $77.7B |
| TOTAL ASSETS | $86.1B |
| Account Payables | $6.4B |
| Short-Term Debt | $475M |
| Deferred Revenue | $608M |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $12.9B |
| Long-Term Debt | $11.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.3B |
| Other Non-Current Liabilities | $14.9B |
| TOTAL NON-CURRENT LIABILITIES | $45.5B |
| TOTAL LIABILITIES | $58.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $38.4B |
| Retained Earnings | -$9.6B |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $27.8B |
| TOTAL LIABILITIES & EQUITY | $86.1B |
| Total Debt | $29.0B |
| Net Debt | $27.3B |
