| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | — | $2.2B | — | -3.3% |
| Op. Income | $430M | — | $466M | — | -7.8% |
| Gross Margin | 31.6% | — | 32.1% | — | -0.6pp |
| Net Margin | 14.8% | — | 15.2% | — | -0.4pp |
| EPS (Diluted) | $0.26 | — | $0.28 | — | -7.1% |
| Free Cash Flow | $352M | — | $276M | — | 27.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $679M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $249M |
| Other Expenses | $0 |
| Operating Expenses | $249M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $430M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $403M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $321M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $319M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $319M |
| D&A | $77M |
| EBIT | $431M |
| EBITDA | $507M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $679M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $249M |
| Other Expenses | $0 |
| Operating Expenses | $249M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $430M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $403M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $321M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $319M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $319M |
| D&A | $77M |
| EBIT | $431M |
| EBITDA | $507M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $319M |
| Depreciation & Amortization | $77M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $53M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | $424M |
| Capital Expenditure | -$72M |
| Acquisitions (Net) | -$46M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $300.0K |
| NET CASH FROM INVESTING | -$118M |
| Net Debt Issuance | -$367M |
| Common Stock Repurchased | -$43M |
| Common Dividends Paid | -$74M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$402M |
| FREE CASH FLOW | $352M |
| Net Change in Cash | -$78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $891M |
| Short-Term Investments | $17M |
| Net Receivables | $1.7B |
| Inventory | $1.3B |
| Other Current Assets | $256M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $1.2B |
| Goodwill | $4.9B |
| Intangible Assets | $442M |
| Long-Term Investments | $0 |
| Tax Assets | $80M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $10.8B |
| Account Payables | $867M |
| Short-Term Debt | $457M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $509M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $260M |
| Other Non-Current Liabilities | $477M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $300.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$71M |
| Accum. Other Comp. Income | -$431M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $66M |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $10.8B |
| Total Debt | $3.8B |
| Net Debt | $2.9B |
