| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $5.5B | $5.1B | -0.2% | 8.3% |
| Op. Income | $3.6B | $3.7B | $3.3B | -2.0% | 9.1% |
| Gross Margin | 80.6% | 82.2% | 80.4% | -1.6pp | 0.2pp |
| Net Margin | 54.2% | 54.1% | 51.4% | 0.1pp | 2.8pp |
| EPS (Diluted) | $1.31 | $1.30 | $1.11 | 0.8% | 18.0% |
| Free Cash Flow | $1.9B | $3.1B | $2.6B | -39.2% | -26.8% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $241M |
| General & Administrative | $365M |
| SG&A Expenses | $606M |
| Other Expenses | $182M |
| Operating Expenses | $788M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $3.6B |
| Interest Income | $0 |
| Interest Expense | $140M |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $700M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $160M |
| EBIT | $3.8B |
| EBITDA | $4.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $241M |
| General & Administrative | $365M |
| SG&A Expenses | $606M |
| Other Expenses | $182M |
| Operating Expenses | $788M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $3.6B |
| Interest Income | $0 |
| Interest Expense | $140M |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $700M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $160M |
| EBIT | $3.8B |
| EBITDA | $4.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.0B |
| Depreciation & Amortization | $160M |
| Stock-Based Compensation | $111M |
| Deferred Income Tax | $117M |
| Other Non-Cash Items | $1.3B |
| Change in Working Capital | -$2.6B |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$156M |
| Acquisitions (Net) | $156M |
| Purchases of Investments | -$896M |
| Sales/Maturities of Investments | $815M |
| Other Investing Activities | -$245M |
| NET CASH FROM INVESTING | -$326M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.9B |
| Common Dividends Paid | -$569M |
| Other Financing Activities | $39M |
| NET CASH FROM FINANCING | -$2.5B |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | -$833M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.6B |
| Short-Term Investments | $3.9B |
| Net Receivables | $3.0B |
| Inventory | $0 |
| Other Current Assets | $3.2B |
| TOTAL CURRENT ASSETS | $18.5B |
| PP&E (Net) | $2.5B |
| Goodwill | $15.1B |
| Intangible Assets | $27.0B |
| Long-Term Investments | $3.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.4B |
| TOTAL NON-CURRENT ASSETS | $51.4B |
| TOTAL ASSETS | $69.9B |
| Account Payables | $119M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.7B |
| TOTAL CURRENT LIABILITIES | $11.4B |
| Long-Term Debt | $16.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.9B |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $24.2B |
| TOTAL LIABILITIES | $35.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $16.5B |
| Retained Earnings | $12.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$86M |
| Other Equity | -$163M |
| TOTAL STOCKHOLDERS' EQUITY | $34.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $34.3B |
| TOTAL LIABILITIES & EQUITY | $69.9B |
| Total Debt | $16.6B |
| Net Debt | $9.0B |
