| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.2B | $2.0B | -2.5% | 7.9% |
| Op. Income | $452M | $609M | $557M | -25.7% | -18.8% |
| Gross Margin | 55.5% | 60.3% | 61.1% | -4.8pp | -5.6pp |
| Net Margin | 15.5% | 19.0% | 20.6% | -3.5pp | -5.1pp |
| EPS (Diluted) | $1.43 | $1.82 | $1.67 | -21.2% | -14.1% |
| Free Cash Flow | -$428M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $940M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $515M |
| SG&A Expenses | $536M |
| Other Expenses | $186M |
| Operating Expenses | $722M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $452M |
| Interest Income | $1.8B |
| Interest Expense | $814M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $452M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $361M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $328M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $326M |
| D&A | $93M |
| EBIT | $452M |
| EBITDA | $545M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $940M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $515M |
| SG&A Expenses | $536M |
| Other Expenses | $186M |
| Operating Expenses | $722M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $452M |
| Interest Income | $1.8B |
| Interest Expense | $814M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $452M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $361M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $328M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $326M |
| D&A | $93M |
| EBIT | $452M |
| EBITDA | $545M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $361M |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $92M |
| Other Non-Cash Items | $136M |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | -$340M |
| Capital Expenditure | -$88M |
| Acquisitions (Net) | -$99M |
| Purchases of Investments | -$5.9B |
| Sales/Maturities of Investments | $5.4B |
| Other Investing Activities | -$90M |
| NET CASH FROM INVESTING | -$726M |
| Net Debt Issuance | $1.8B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $314M |
| NET CASH FROM FINANCING | $2.4B |
| FREE CASH FLOW | -$428M |
| Net Change in Cash | $1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.7B |
| Short-Term Investments | $18.6B |
| Net Receivables | $8.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $32.6B |
| PP&E (Net) | $2.2B |
| Goodwill | $144M |
| Intangible Assets | $960M |
| Long-Term Investments | $38.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$41.8B |
| TOTAL NON-CURRENT ASSETS | $41.8B |
| TOTAL ASSETS | $250.1B |
| Account Payables | $7.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$8.5B |
| TOTAL CURRENT LIABILITIES | $8.3B |
| Long-Term Debt | $37.6B |
| Deferred Revenue NC | $141M |
| Deferred Tax Liabilities | $139M |
| Other Non-Current Liabilities | -$38.2B |
| TOTAL NON-CURRENT LIABILITIES | $38.2B |
| TOTAL LIABILITIES | $233.8B |
| Common Stock | $2.4B |
| Additional Paid-In Capital | $418M |
| Retained Earnings | $12.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$1.2B |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $2.3B |
| TOTAL EQUITY | $16.4B |
| TOTAL LIABILITIES & EQUITY | $250.1B |
| Total Debt | $37.9B |
| Net Debt | $32.3B |
