| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.8B | $7.7B | $7.6B | 1.4% | 2.3% |
| Op. Income | $1.2B | $1.1B | $735M | 12.0% | 60.0% |
| Gross Margin | 52.6% | 52.0% | 49.8% | 0.5pp | 2.8pp |
| Net Margin | 8.4% | 7.4% | -10.9% | 1.1pp | 19.3pp |
| EPS (Diluted) | $0.37 | $0.32 | $-0.47 | 15.6% | 178.7% |
| Free Cash Flow | $1.3B | $1.8B | $1.3B | -29.0% | 0.2% |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $561M |
| Selling & Marketing | $0 |
| General & Administrative | $2.4B |
| SG&A Expenses | $2.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.9B |
| Cost & Expenses | $6.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $34M |
| Interest Expense | $268M |
| Other Income/Expenses | -$229M |
| INCOME BEFORE TAX | $947M |
| Income Tax Expense | $292M |
| Net Income from Continuing Ops | $655M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $654M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $654M |
| D&A | $763M |
| EBIT | $1.2B |
| EBITDA | $2.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $561M |
| Selling & Marketing | $0 |
| General & Administrative | $2.4B |
| SG&A Expenses | $2.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.9B |
| Cost & Expenses | $6.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $34M |
| Interest Expense | $268M |
| Other Income/Expenses | -$229M |
| INCOME BEFORE TAX | $947M |
| Income Tax Expense | $292M |
| Net Income from Continuing Ops | $655M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $654M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $654M |
| D&A | $763M |
| EBIT | $1.2B |
| EBITDA | $2.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $654M |
| Depreciation & Amortization | $763M |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | $293M |
| Other Non-Cash Items | -$608M |
| Change in Working Capital | $582M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$467M |
| Acquisitions (Net) | -$48M |
| Purchases of Investments | -$89M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | $35M |
| NET CASH FROM INVESTING | -$496M |
| Net Debt Issuance | -$4.2B |
| Common Stock Repurchased | -$104M |
| Common Dividends Paid | -$495M |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | -$4.8B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$3.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.8B |
| Short-Term Investments | $242M |
| Net Receivables | $5.2B |
| Inventory | $3.8B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $14.6B |
| PP&E (Net) | $7.6B |
| Goodwill | $23.3B |
| Intangible Assets | $18.9B |
| Long-Term Investments | $897M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $52.5B |
| TOTAL ASSETS | $67.2B |
| Account Payables | $3.0B |
| Short-Term Debt | $207M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.3B |
| TOTAL CURRENT LIABILITIES | $9.0B |
| Long-Term Debt | $19.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $6.0B |
| TOTAL NON-CURRENT LIABILITIES | $27.4B |
| TOTAL LIABILITIES | $36.5B |
| Common Stock | $23.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $24.6B |
| Treasury Stock | -$10.0B |
| Accum. Other Comp. Income | -$7.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30.5B |
| Minority Interest | $198M |
| TOTAL EQUITY | $30.7B |
| TOTAL LIABILITIES & EQUITY | $67.2B |
| Total Debt | $19.6B |
| Net Debt | $15.7B |
