| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.4B | $2.1B | -6.7% | 7.9% |
| Op. Income | $252M | $422M | $46M | -40.3% | 447.8% |
| Gross Margin | 27.2% | 32.4% | 24.2% | -5.1pp | 3.1pp |
| Net Margin | 8.1% | 13.5% | 1.1% | -5.4pp | 7.0pp |
| EPS (Diluted) | $1.46 | $2.60 | $0.19 | -43.8% | 668.4% |
| Free Cash Flow | $172M | $154M | -$197M | 11.7% | 187.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $607M |
| R&D Expenses | $0 |
| Selling & Marketing | $77M |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $278M |
| Operating Expenses | $355M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $252M |
| Interest Income | $11M |
| Interest Expense | $14M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $106M |
| EBIT | $244M |
| EBITDA | $350M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $607M |
| R&D Expenses | $0 |
| Selling & Marketing | $77M |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $278M |
| Operating Expenses | $355M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $252M |
| Interest Income | $11M |
| Interest Expense | $14M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $106M |
| EBIT | $244M |
| EBITDA | $350M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $181M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$91M |
| Change in Working Capital | $136M |
| OPERATING CASH FLOW | $341M |
| Capital Expenditure | -$169M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$364M |
| Sales/Maturities of Investments | $446M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | -$212M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$275M |
| FREE CASH FLOW | $172M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $221M |
| Short-Term Investments | $1.3B |
| Net Receivables | $323M |
| Inventory | $72M |
| Other Current Assets | $121M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $8.6B |
| Goodwill | $1.9B |
| Intangible Assets | $122M |
| Long-Term Investments | $16M |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $262M |
| TOTAL NON-CURRENT ASSETS | $12.0B |
| TOTAL ASSETS | $14.0B |
| Account Payables | $146M |
| Short-Term Debt | $504M |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $431M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | $803M |
| TOTAL NON-CURRENT LIABILITIES | $6.5B |
| TOTAL LIABILITIES | $9.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $305M |
| Retained Earnings | $5.1B |
| Treasury Stock | -$643M |
| Accum. Other Comp. Income | -$465M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $14.0B |
| Total Debt | $3.2B |
| Net Debt | $3.0B |
