| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $816M | $807M | $744M | 1.1% | 9.7% |
| Op. Income | $256M | $274M | $253M | -6.6% | 1.2% |
| Gross Margin | 83.3% | 87.2% | 90.6% | -3.9pp | -7.3pp |
| Net Margin | 24.3% | 26.4% | 26.5% | -2.1pp | -2.2pp |
| EPS (Diluted) | $0.99 | $1.04 | $0.89 | -4.8% | 11.2% |
| Free Cash Flow | $227M | -$67M | $137M | 438.8% | 65.7% |
| Item | Amount |
|---|---|
| REVENUE | $816M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $680M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $280M |
| SG&A Expenses | $285M |
| Other Expenses | $139M |
| Operating Expenses | $424M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $256M |
| Interest Income | $684M |
| Interest Expense | $115M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $256M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $188M |
| D&A | $49M |
| EBIT | $256M |
| EBITDA | $305M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $816M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $680M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $280M |
| SG&A Expenses | $285M |
| Other Expenses | $139M |
| Operating Expenses | $424M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $256M |
| Interest Income | $684M |
| Interest Expense | $115M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $256M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $188M |
| D&A | $49M |
| EBIT | $256M |
| EBITDA | $305M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $198M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $262M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$479M |
| Sales/Maturities of Investments | $729M |
| Other Investing Activities | -$1.0B |
| NET CASH FROM INVESTING | -$802M |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | -$275M |
| Common Dividends Paid | -$61M |
| Other Financing Activities | -$205M |
| NET CASH FROM FINANCING | $542M |
| FREE CASH FLOW | $227M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $14.7B |
| Net Receivables | $337M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.2B |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $48.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.8B |
| TOTAL NON-CURRENT ASSETS | $53.9B |
| TOTAL ASSETS | $70.1B |
| Account Payables | $0 |
| Short-Term Debt | $6.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $54.3B |
| TOTAL CURRENT LIABILITIES | $60.4B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $875M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $62.5B |
| Common Stock | $3.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $70.1B |
| Total Debt | $7.3B |
| Net Debt | $6.1B |
