| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.8B | $5.5B | $5.2B | 6.3% | 11.5% |
| Op. Income | $3.9B | $3.6B | $2.9B | 7.3% | 35.5% |
| Gross Margin | 81.9% | 80.6% | 80.5% | 1.3pp | 1.4pp |
| Net Margin | 53.1% | 54.2% | 44.4% | -1.1pp | 8.7pp |
| EPS (Diluted) | $1.37 | $1.31 | $1.00 | 4.6% | 37.0% |
| Free Cash Flow | $3.2B | $1.9B | $3.5B | 67.2% | -8.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $282M |
| General & Administrative | $428M |
| SG&A Expenses | $710M |
| Other Expenses | $166M |
| Operating Expenses | $876M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $3.9B |
| Interest Income | $0 |
| Interest Expense | $128M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $765M |
| Net Income from Continuing Ops | $3.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.1B |
| D&A | $165M |
| EBIT | $4.0B |
| EBITDA | $4.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $282M |
| General & Administrative | $428M |
| SG&A Expenses | $710M |
| Other Expenses | $166M |
| Operating Expenses | $876M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $3.9B |
| Interest Income | $0 |
| Interest Expense | $128M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $765M |
| Net Income from Continuing Ops | $3.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.1B |
| D&A | $165M |
| EBIT | $4.0B |
| EBITDA | $4.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.1B |
| Depreciation & Amortization | $165M |
| Stock-Based Compensation | $110M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | $1.4B |
| Change in Working Capital | -$1.4B |
| OPERATING CASH FLOW | $3.4B |
| Capital Expenditure | -$194M |
| Acquisitions (Net) | -$136M |
| Purchases of Investments | -$761M |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | $68M |
| NET CASH FROM INVESTING | $809M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.1B |
| Common Dividends Paid | -$565M |
| Other Financing Activities | -$1.2B |
| NET CASH FROM FINANCING | -$3.9B |
| FREE CASH FLOW | $3.2B |
| Net Change in Cash | $387M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.9B |
| Short-Term Investments | $3.3B |
| Net Receivables | $3.2B |
| Inventory | $0 |
| Other Current Assets | $3.3B |
| TOTAL CURRENT ASSETS | $18.3B |
| PP&E (Net) | $2.5B |
| Goodwill | $15.3B |
| Intangible Assets | $27.3B |
| Long-Term Investments | $2.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.9B |
| TOTAL NON-CURRENT ASSETS | $51.9B |
| TOTAL ASSETS | $70.2B |
| Account Payables | $150M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.0B |
| TOTAL CURRENT LIABILITIES | $10.8B |
| Long-Term Debt | $16.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.9B |
| Other Non-Current Liabilities | $2.8B |
| TOTAL NON-CURRENT LIABILITIES | $24.4B |
| TOTAL LIABILITIES | $35.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $16.6B |
| Retained Earnings | $13.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $110M |
| Other Equity | -$169M |
| TOTAL STOCKHOLDERS' EQUITY | $35.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $35.0B |
| TOTAL LIABILITIES & EQUITY | $70.2B |
| Total Debt | $16.7B |
| Net Debt | $8.8B |
