| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | $2.9B | 1.0% | 4.4% |
| Op. Income | $395M | $395M | $397M | -0.2% | -0.7% |
| Gross Margin | 97.5% | 98.2% | 97.2% | -0.6pp | 0.3pp |
| Net Margin | 9.3% | 9.4% | 9.9% | -0.1pp | -0.6pp |
| EPS (Diluted) | $1.33 | $1.31 | $1.29 | 1.5% | 3.1% |
| Free Cash Flow | $389M | $489M | $366M | -20.4% | 6.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $74M |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $224M |
| Other Expenses | -$2.6B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $395M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$2.4B |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $281M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | -$395M |
| EBIT | $395M |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $74M |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $224M |
| Other Expenses | -$2.6B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $395M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$2.4B |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $281M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | -$395M |
| EBIT | $395M |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $281M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$136M |
| Change in Working Capital | $253M |
| OPERATING CASH FLOW | $426M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$605M |
| NET CASH FROM INVESTING | -$642M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$55M |
| Other Financing Activities | $385M |
| NET CASH FROM FINANCING | $215M |
| FREE CASH FLOW | $389M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $668M |
| Goodwill | $350M |
| Intangible Assets | $2.3B |
| Long-Term Investments | -$37M |
| Tax Assets | $37M |
| Other Non-Current Assets | $62.4B |
| TOTAL NON-CURRENT ASSETS | $65.8B |
| TOTAL ASSETS | $65.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$250M |
| TOTAL CURRENT LIABILITIES | $250M |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $31M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $10.3B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | -$243M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.5B |
| TOTAL LIABILITIES & EQUITY | $12.7B |
| Total Debt | $3.2B |
| Net Debt | $3.2B |
