| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $5.7B | $6.2B | 8.0% | -0.5% |
| Op. Income | $2.0B | $2.5B | $2.4B | -17.3% | -14.0% |
| Gross Margin | 79.8% | 81.9% | 82.4% | -2.2pp | -2.6pp |
| Net Margin | 27.5% | 34.3% | 30.9% | -6.8pp | -3.5pp |
| EPS (Diluted) | $2.85 | $3.27 | $3.01 | -12.8% | -5.3% |
| Free Cash Flow | $2.3B | $3.2B | $3.0B | -27.5% | -21.7% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $71M |
| Operating Expenses | $2.9B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $2.0B |
| Interest Income | $236M |
| Interest Expense | $301M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $280M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $702M |
| EBIT | $2.3B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $71M |
| Operating Expenses | $2.9B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $2.0B |
| Interest Income | $236M |
| Interest Expense | $301M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $280M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $702M |
| EBIT | $2.3B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $702M |
| Stock-Based Compensation | $308M |
| Deferred Income Tax | -$117M |
| Other Non-Cash Items | -$355M |
| Change in Working Capital | $273M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$188M |
| Acquisitions (Net) | -$13.4B |
| Purchases of Investments | -$332M |
| Sales/Maturities of Investments | $7.9B |
| Other Investing Activities | $67M |
| NET CASH FROM INVESTING | -$6.0B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$860M |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | -$5.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.0B |
| Short-Term Investments | $2.9B |
| Net Receivables | $4.1B |
| Inventory | $3.6B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $18.4B |
| PP&E (Net) | $4.9B |
| Goodwill | $14.7B |
| Intangible Assets | $19.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $41.3B |
| TOTAL ASSETS | $59.7B |
| Account Payables | $1.4B |
| Short-Term Debt | $3.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $12.8B |
| Long-Term Debt | $26.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $606M |
| Other Non-Current Liabilities | $9.6B |
| TOTAL NON-CURRENT LIABILITIES | $37.2B |
| TOTAL LIABILITIES | $50.0B |
| Common Stock | $31.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$21.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$528M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.7B |
| TOTAL LIABILITIES & EQUITY | $59.7B |
| Total Debt | $29.9B |
| Net Debt | $23.9B |
