| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $5.9B | $5.8B | 5.5% | 7.4% |
| Op. Income | $2.4B | $2.3B | $2.2B | 2.5% | 6.1% |
| Gross Margin | 82.4% | 82.4% | 81.7% | -0.0pp | 0.7pp |
| Net Margin | 30.9% | 31.5% | -73.5% | -0.5pp | 104.4pp |
| EPS (Diluted) | $3.01 | $2.86 | $-5.89 | 5.2% | 151.1% |
| Free Cash Flow | $3.0B | $3.1B | $2.9B | -4.3% | 3.8% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $11M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.4B |
| Interest Income | $155M |
| Interest Expense | $352M |
| Other Income/Expenses | -$197M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $257M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $490M |
| EBIT | $2.5B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $11M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.4B |
| Interest Income | $155M |
| Interest Expense | $352M |
| Other Income/Expenses | -$197M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $257M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $490M |
| EBIT | $2.5B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $490M |
| Stock-Based Compensation | $87M |
| Deferred Income Tax | -$69M |
| Other Non-Cash Items | -$26M |
| Change in Working Capital | $784M |
| OPERATING CASH FLOW | $3.2B |
| Capital Expenditure | -$225M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$6.1B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | -$114M |
| NET CASH FROM INVESTING | -$4.6B |
| Net Debt Issuance | -$621M |
| Common Stock Repurchased | -$2.1B |
| Common Dividends Paid | -$840M |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | -$3.6B |
| FREE CASH FLOW | $3.0B |
| Net Change in Cash | -$5.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.9B |
| Short-Term Investments | $22.4B |
| Net Receivables | $3.6B |
| Inventory | $2.9B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $37.6B |
| PP&E (Net) | $5.0B |
| Goodwill | $14.7B |
| Intangible Assets | $7.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $28.8B |
| TOTAL ASSETS | $66.4B |
| Account Payables | $1.2B |
| Short-Term Debt | $4.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $13.5B |
| Long-Term Debt | $29.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $864M |
| Other Non-Current Liabilities | $10.1B |
| TOTAL NON-CURRENT LIABILITIES | $40.4B |
| TOTAL LIABILITIES | $53.9B |
| Common Stock | $31.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$18.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$769M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.5B |
| TOTAL LIABILITIES & EQUITY | $66.4B |
| Total Debt | $33.9B |
| Net Debt | $27.0B |
