| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | $2.9B | -0.8% | 2.2% |
| Op. Income | $299M | $352M | -$378M | -14.9% | 179.2% |
| Gross Margin | 28.4% | 27.8% | 3.1% | 0.5pp | 25.2pp |
| Net Margin | 8.1% | 9.4% | -9.8% | -1.2pp | 17.9pp |
| EPS (Diluted) | $1.16 | $1.33 | $-1.30 | -12.8% | 189.2% |
| Free Cash Flow | $272M | $389M | $351M | -30.2% | -22.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $846M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $227M |
| SG&A Expenses | $227M |
| Other Expenses | $320M |
| Operating Expenses | $546M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $299M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $242M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $242M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $28M |
| EBIT | $346M |
| EBITDA | $373M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $846M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $227M |
| SG&A Expenses | $227M |
| Other Expenses | $320M |
| Operating Expenses | $546M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $299M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $242M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $242M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $28M |
| EBIT | $346M |
| EBITDA | $373M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $242M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $116M |
| Change in Working Capital | -$72M |
| OPERATING CASH FLOW | $314M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$772M |
| Sales/Maturities of Investments | $922M |
| Other Investing Activities | -$306M |
| NET CASH FROM INVESTING | -$199M |
| Net Debt Issuance | $70M |
| Common Stock Repurchased | -$97M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $272M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $675M |
| Goodwill | $349M |
| Intangible Assets | $0 |
| Long-Term Investments | $55.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.6B |
| TOTAL NON-CURRENT ASSETS | $65.2B |
| TOTAL ASSETS | $67.0B |
| Account Payables | $0 |
| Short-Term Debt | $407M |
| Deferred Revenue | $408M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $815M |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $64M |
| Other Non-Current Liabilities | $53.2B |
| TOTAL NON-CURRENT LIABILITIES | $56.5B |
| TOTAL LIABILITIES | $57.3B |
| Common Stock | $31M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $10.5B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$153M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $67.0B |
| Total Debt | $3.7B |
| Net Debt | $3.6B |
