| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | $2.9B | -1.9% | 1.1% |
| Op. Income | $371M | $395M | -$335M | -6.1% | 210.6% |
| Gross Margin | 98.6% | 97.5% | 99.9% | 1.0pp | -1.3pp |
| Net Margin | 8.2% | 9.3% | -9.7% | -1.1pp | 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 | $42M |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $227M |
| Other Expenses | -$2.6B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $371M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$71M |
| 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 | -$371M |
| EBIT | $346M |
| EBITDA | -$25M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $42M |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $227M |
| Other Expenses | -$2.6B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $371M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$71M |
| 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 | -$371M |
| EBIT | $346M |
| EBITDA | -$25M |
| 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 | $95M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | $314M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$156M |
| NET CASH FROM INVESTING | -$199M |
| Net Debt Issuance | $95M |
| Common Stock Repurchased | -$97M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | -$37M |
| 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 | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $77M |
| PP&E (Net) | $675M |
| Goodwill | $349M |
| Intangible Assets | $2.3B |
| Long-Term Investments | -$64M |
| Tax Assets | $64M |
| Other Non-Current Assets | $63.5B |
| TOTAL NON-CURRENT ASSETS | $66.9B |
| TOTAL ASSETS | $67.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$224M |
| TOTAL CURRENT LIABILITIES | $624M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $3.0B |
| 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 | $12.7B |
| Total Debt | $3.0B |
| Net Debt | $3.0B |
