| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $769M | $792M | $618M | -2.9% | 24.4% |
| Op. Income | $205M | $218M | $159M | -6.2% | 28.3% |
| Gross Margin | 30.3% | 32.6% | 31.3% | -2.3pp | -1.0pp |
| Net Margin | 24.8% | 25.1% | 25.0% | -0.2pp | -0.2pp |
| EPS (Diluted) | $0.24 | $0.25 | $0.20 | -3.5% | 24.6% |
| Free Cash Flow | $207M | $65M | $133M | 221.0% | 55.5% |
| Item | Amount |
|---|---|
| REVENUE | $769M |
| Cost of Revenue | $536M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | -$14M |
| Operating Expenses | $29M |
| Cost & Expenses | $565M |
| OPERATING INCOME | $205M |
| Interest Income | $21M |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $191M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $0 |
| EBIT | $205M |
| EBITDA | $205M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $769M |
| Cost of Revenue | $536M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | -$14M |
| Operating Expenses | $29M |
| Cost & Expenses | $565M |
| OPERATING INCOME | $205M |
| Interest Income | $21M |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $191M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $0 |
| EBIT | $205M |
| EBITDA | $205M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $191M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $207M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$586M |
| NET CASH FROM INVESTING | -$586M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $75M |
| NET CASH FROM FINANCING | $75M |
| FREE CASH FLOW | $207M |
| Net Change in Cash | -$300M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $739M |
| Short-Term Investments | $1.7B |
| Net Receivables | $79M |
| Inventory | $5M |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $1.7B |
| Goodwill | $619M |
| Intangible Assets | $345M |
| Long-Term Investments | $325M |
| Tax Assets | $53M |
| Other Non-Current Assets | $314M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $157M |
| Short-Term Debt | $0 |
| Deferred Revenue | $145M |
| Other Current Liabilities | $431M |
| TOTAL CURRENT LIABILITIES | $800M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $90M |
| TOTAL LIABILITIES | $890M |
| Common Stock | $75.5K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$210M |
| Accum. Other Comp. Income | $146M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $14M |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $95M |
| Net Debt | -$644M |
