| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.3B | $8.1B | $7.8B | 2.9% | 7.1% |
| Op. Income | $1.4B | $1.2B | $1.2B | 16.9% | 19.5% |
| Gross Margin | 52.7% | 52.1% | 52.6% | 0.6pp | 0.1pp |
| Net Margin | 12.6% | 11.9% | 8.4% | 0.7pp | 4.2pp |
| EPS (Diluted) | $0.59 | $0.54 | $0.37 | 9.3% | 59.5% |
| Free Cash Flow | $2.0B | $1.5B | $1.3B | 28.1% | 52.7% |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $575M |
| Selling & Marketing | $0 |
| General & Administrative | $2.4B |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $1.4B |
| Interest Income | $25M |
| Interest Expense | $138M |
| Other Income/Expenses | -$165M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $191M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $756M |
| EBIT | $1.4B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $575M |
| Selling & Marketing | $0 |
| General & Administrative | $2.4B |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $1.4B |
| Interest Income | $25M |
| Interest Expense | $138M |
| Other Income/Expenses | -$165M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $191M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $756M |
| EBIT | $1.4B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $756M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $770M |
| Change in Working Capital | -$244M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$434M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$103M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $26M |
| NET CASH FROM INVESTING | -$489M |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | -$496M |
| Common Dividends Paid | -$568M |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | -$231M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.9B |
| Short-Term Investments | $280M |
| Net Receivables | $5.4B |
| Inventory | $4.3B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $15.7B |
| PP&E (Net) | $9.0B |
| Goodwill | $23.2B |
| Intangible Assets | $17.0B |
| Long-Term Investments | $931M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $52.2B |
| TOTAL ASSETS | $67.9B |
| Account Payables | $3.3B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.5B |
| TOTAL CURRENT LIABILITIES | $10.9B |
| Long-Term Debt | $16.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $6.2B |
| TOTAL NON-CURRENT LIABILITIES | $25.7B |
| TOTAL LIABILITIES | $36.6B |
| Common Stock | $23.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $25.8B |
| Treasury Stock | -$10.1B |
| Accum. Other Comp. Income | -$8.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31.1B |
| Minority Interest | $213M |
| TOTAL EQUITY | $31.3B |
| TOTAL LIABILITIES & EQUITY | $67.9B |
| Total Debt | $19.1B |
| Net Debt | $15.2B |
