| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.3B | $1.7B | 2.2% | 39.3% |
| Op. Income | $43M | $76M | $158M | -43.4% | -72.9% |
| Gross Margin | 35.1% | 36.6% | 54.1% | -1.5pp | -19.0pp |
| Net Margin | 1.1% | 2.3% | 18.9% | -1.3pp | -17.8pp |
| EPS (Diluted) | $0.32 | $0.76 | $5.76 | -57.9% | -94.4% |
| Free Cash Flow | $178M | $262M | $145M | -31.9% | 22.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $809M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $766M |
| Operating Expenses | $766M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2M |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $0 |
| EBIT | $69M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $809M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $766M |
| Operating Expenses | $766M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2M |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $0 |
| EBIT | $69M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | -$57M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | -$2.1B |
| Change in Working Capital | $2.2B |
| OPERATING CASH FLOW | $202M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $127M |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$298M |
| Net Debt Issuance | $139M |
| Common Stock Repurchased | -$52M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | $178M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $11.6B |
| Net Receivables | $10.8B |
| Inventory | $0 |
| Other Current Assets | -$23.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $393M |
| Goodwill | $2.3B |
| Intangible Assets | $3.8B |
| Long-Term Investments | $13.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$20.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $41.1B |
| Account Payables | $3.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.5B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $53M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $36.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | $5.8B |
| Treasury Stock | -$5.0B |
| Accum. Other Comp. Income | -$155M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $22M |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $41.1B |
| Total Debt | $2.0B |
| Net Debt | $752M |
