| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.9B | $11.6B | — | -5.4% | — |
| Op. Income | $548M | $685M | — | -20.0% | — |
| Gross Margin | 21.6% | 22.0% | — | -0.4pp | — |
| Net Margin | 2.9% | 3.2% | — | -0.3pp | — |
| EPS (Diluted) | $0.70 | $0.74 | — | -5.4% | — |
| Free Cash Flow | -$280M | -$1.1B | — | 74.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $10.9B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $384M |
| General & Administrative | $0 |
| SG&A Expenses | $384M |
| Other Expenses | $1.4B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $10.4B |
| OPERATING INCOME | $548M |
| Interest Income | $34M |
| Interest Expense | $261M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $318M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $318M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $318M |
| D&A | $99M |
| EBIT | $647M |
| EBITDA | $746M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.9B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $384M |
| General & Administrative | $0 |
| SG&A Expenses | $384M |
| Other Expenses | $1.4B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $10.4B |
| OPERATING INCOME | $548M |
| Interest Income | $34M |
| Interest Expense | $261M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $318M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $318M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $318M |
| D&A | $99M |
| EBIT | $647M |
| EBITDA | $746M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $319M |
| Depreciation & Amortization | $458M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $440M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$494M |
| OPERATING CASH FLOW | $716M |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | $347M |
| Purchases of Investments | -$822M |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$390M |
| Net Debt Issuance | -$305M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$46M |
| Other Financing Activities | -$308M |
| NET CASH FROM FINANCING | -$354M |
| FREE CASH FLOW | -$280M |
| Net Change in Cash | -$223M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $4.5B |
| Net Receivables | $1.7B |
| Inventory | $1.5B |
| Other Current Assets | $154M |
| TOTAL CURRENT ASSETS | $8.6B |
| PP&E (Net) | $43.2B |
| Goodwill | $4.1B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $51.9B |
| TOTAL ASSETS | $60.6B |
| Account Payables | $1.8B |
| Short-Term Debt | $3.3B |
| Deferred Revenue | $7.6B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18.1B |
| Long-Term Debt | $21.2B |
| Deferred Revenue NC | $5.3B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.3B |
| TOTAL NON-CURRENT LIABILITIES | $42.7B |
| TOTAL LIABILITIES | $60.7B |
| Common Stock | $5M |
| Additional Paid-In Capital | $5.0B |
| Retained Earnings | $758M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$169M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$169M |
| TOTAL LIABILITIES & EQUITY | $60.6B |
| Total Debt | $34.0B |
| Net Debt | $33.8B |
