| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.7B | $2.5B | -0.4% | 8.2% |
| Op. Income | $368M | $465M | $410M | -20.9% | -10.2% |
| Gross Margin | 51.7% | 56.3% | 58.2% | -4.6pp | -6.5pp |
| Net Margin | 10.8% | 13.9% | 7.3% | -3.1pp | 3.5pp |
| EPS (Diluted) | $0.70 | $0.88 | $0.41 | -20.5% | 70.7% |
| Free Cash Flow | $88M | $451M | -$502M | -80.5% | 117.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $66M |
| General & Administrative | $445M |
| SG&A Expenses | $511M |
| Other Expenses | $505M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $368M |
| Interest Income | $2.4B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $368M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $289M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $290M |
| D&A | $369M |
| EBIT | $368M |
| EBITDA | $737M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $66M |
| General & Administrative | $445M |
| SG&A Expenses | $511M |
| Other Expenses | $505M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $368M |
| Interest Income | $2.4B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $368M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $289M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $290M |
| D&A | $369M |
| EBIT | $368M |
| EBITDA | $737M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $290M |
| Depreciation & Amortization | $369M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $338M |
| Change in Working Capital | -$191M |
| OPERATING CASH FLOW | $806M |
| Capital Expenditure | -$718M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.8B |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | -$3.2B |
| NET CASH FROM INVESTING | -$5.7B |
| Net Debt Issuance | $1.3B |
| Common Stock Repurchased | -$309M |
| Common Dividends Paid | -$63M |
| Other Financing Activities | $4.8B |
| NET CASH FROM FINANCING | $5.8B |
| FREE CASH FLOW | $88M |
| Net Change in Cash | $919M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $16.1B |
| Net Receivables | $802M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22.0B |
| PP&E (Net) | $9.1B |
| Goodwill | $240M |
| Intangible Assets | $59M |
| Long-Term Investments | $134.5B |
| Tax Assets | $317M |
| Other Non-Current Assets | $12.6B |
| TOTAL NON-CURRENT ASSETS | $156.9B |
| TOTAL ASSETS | $178.9B |
| Account Payables | $1.0B |
| Short-Term Debt | $10.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $106.2B |
| TOTAL CURRENT LIABILITIES | $117.2B |
| Long-Term Debt | $44.2B |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $48.4B |
| TOTAL LIABILITIES | $165.6B |
| Common Stock | $21.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$5.5B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$539M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.3B |
| TOTAL LIABILITIES & EQUITY | $178.9B |
| Total Debt | $54.4B |
| Net Debt | $49.8B |
