| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.3B | $11.9B | $10.9B | -5.0% | 3.4% |
| Op. Income | $729M | $808M | $548M | -9.8% | 33.0% |
| Gross Margin | 22.2% | 23.5% | 21.6% | -1.3pp | 0.6pp |
| Net Margin | 3.7% | 3.6% | 2.9% | 0.1pp | 0.8pp |
| EPS (Diluted) | $0.95 | $0.96 | $0.70 | -1.0% | 35.7% |
| Free Cash Flow | -$539M | $22M | -$280M | -2550.0% | -92.5% |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $8.8B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $408M |
| General & Administrative | $0 |
| SG&A Expenses | $408M |
| Other Expenses | $1.4B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $729M |
| Interest Income | $24M |
| Interest Expense | $265M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $571M |
| Income Tax Expense | $157M |
| Net Income from Continuing Ops | $414M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $414M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $414M |
| D&A | $603M |
| EBIT | $836M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $8.8B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $408M |
| General & Administrative | $0 |
| SG&A Expenses | $408M |
| Other Expenses | $1.4B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $729M |
| Interest Income | $24M |
| Interest Expense | $265M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $571M |
| Income Tax Expense | $157M |
| Net Income from Continuing Ops | $414M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $414M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $414M |
| D&A | $603M |
| EBIT | $836M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $414M |
| Depreciation & Amortization | $603M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $560M |
| Other Non-Cash Items | -$977M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $600M |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $233M |
| Purchases of Investments | -$307M |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $232M |
| NET CASH FROM INVESTING | $639M |
| Net Debt Issuance | -$956M |
| Common Stock Repurchased | -$272M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | -$539M |
| Net Change in Cash | -$518M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $280M |
| Short-Term Investments | $3.5B |
| Net Receivables | $1.8B |
| Inventory | $1.9B |
| Other Current Assets | $158M |
| TOTAL CURRENT ASSETS | $8.2B |
| PP&E (Net) | $43.7B |
| Goodwill | $4.1B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $645M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $51.8B |
| TOTAL ASSETS | $60.0B |
| Account Payables | $2.1B |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $8.0B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18.3B |
| Long-Term Debt | $21.5B |
| Deferred Revenue NC | $5.4B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.5B |
| TOTAL NON-CURRENT LIABILITIES | $41.8B |
| TOTAL LIABILITIES | $60.1B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$118M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$118M |
| TOTAL LIABILITIES & EQUITY | $60.0B |
| Total Debt | $33.4B |
| Net Debt | $33.2B |
