| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.9B | $2.7B | -0.3% | 7.8% |
| Op. Income | $487M | $500M | $368M | -2.6% | 32.3% |
| Gross Margin | 55.0% | 54.0% | 51.7% | 0.9pp | 3.3pp |
| Net Margin | 13.1% | 13.2% | 10.8% | -0.1pp | 2.3pp |
| EPS (Diluted) | $0.99 | $0.97 | $0.70 | 2.1% | 41.4% |
| Free Cash Flow | -$169M | $121M | $88M | -239.7% | -292.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $51M |
| General & Administrative | $497M |
| SG&A Expenses | $548M |
| Other Expenses | $551M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $487M |
| Interest Income | $2.4B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $487M |
| Income Tax Expense | $106M |
| Net Income from Continuing Ops | $381M |
| Net Income from Discontinued Ops | -$3M |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $378M |
| D&A | $419M |
| EBIT | $487M |
| EBITDA | $906M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $51M |
| General & Administrative | $497M |
| SG&A Expenses | $548M |
| Other Expenses | $551M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $487M |
| Interest Income | $2.4B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $487M |
| Income Tax Expense | $106M |
| Net Income from Continuing Ops | $381M |
| Net Income from Discontinued Ops | -$3M |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $378M |
| D&A | $419M |
| EBIT | $487M |
| EBITDA | $906M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $378M |
| Depreciation & Amortization | $419M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $377M |
| Change in Working Capital | -$257M |
| OPERATING CASH FLOW | $917M |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.2B |
| Sales/Maturities of Investments | $3.6B |
| Other Investing Activities | $1.1B |
| NET CASH FROM INVESTING | -$621M |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | -$299M |
| Common Dividends Paid | -$67M |
| Other Financing Activities | $1.5B |
| NET CASH FROM FINANCING | -$288M |
| FREE CASH FLOW | -$169M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $28.4B |
| Net Receivables | $706M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $33.2B |
| PP&E (Net) | $9.7B |
| Goodwill | $393M |
| Intangible Assets | $69M |
| Long-Term Investments | $132.1B |
| Tax Assets | $58M |
| Other Non-Current Assets | $5.1B |
| TOTAL NON-CURRENT ASSETS | $147.4B |
| TOTAL ASSETS | $180.6B |
| Account Payables | $1.2B |
| Short-Term Debt | $5.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $120.8B |
| TOTAL CURRENT LIABILITIES | $127.5B |
| Long-Term Debt | $34.0B |
| Deferred Revenue NC | $36M |
| Deferred Tax Liabilities | $67M |
| Other Non-Current Liabilities | $4.4B |
| TOTAL NON-CURRENT LIABILITIES | $38.8B |
| TOTAL LIABILITIES | $166.2B |
| Common Stock | $21.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$4.1B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | $123M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.4B |
| TOTAL LIABILITIES & EQUITY | $180.6B |
| Total Debt | $39.8B |
| Net Debt | $36.2B |
