| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $4.0B | $3.7B | -1.5% | 7.1% |
| Op. Income | $282M | $187M | $218M | 51.3% | 29.6% |
| Gross Margin | 13.5% | 11.2% | 11.6% | 2.3pp | 2.0pp |
| Net Margin | 4.5% | 1.8% | 3.1% | 2.7pp | 1.4pp |
| EPS (Diluted) | $0.69 | $0.29 | $0.45 | 137.9% | 53.3% |
| Free Cash Flow | -$1.6B | -$67M | $242M | -2235.3% | -749.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $530M |
| R&D Expenses | $0 |
| Selling & Marketing | $377M |
| General & Administrative | -$282M |
| SG&A Expenses | $95M |
| Other Expenses | $153M |
| Operating Expenses | $247M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $282M |
| Interest Income | $0 |
| Interest Expense | $91M |
| Other Income/Expenses | -$93M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $153M |
| EBIT | $281M |
| EBITDA | $434M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $530M |
| R&D Expenses | $0 |
| Selling & Marketing | $377M |
| General & Administrative | -$282M |
| SG&A Expenses | $95M |
| Other Expenses | $153M |
| Operating Expenses | $247M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $282M |
| Interest Income | $0 |
| Interest Expense | $91M |
| Other Income/Expenses | -$93M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $153M |
| EBIT | $281M |
| EBITDA | $434M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $176M |
| Depreciation & Amortization | $153M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $51M |
| Other Non-Cash Items | $38M |
| Change in Working Capital | $469M |
| OPERATING CASH FLOW | $906M |
| Capital Expenditure | -$2.5B |
| Acquisitions (Net) | $2.3B |
| Purchases of Investments | -$629M |
| Sales/Maturities of Investments | -$1.4B |
| Other Investing Activities | $2.0B |
| NET CASH FROM INVESTING | -$193M |
| Net Debt Issuance | -$641M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$664M |
| FREE CASH FLOW | -$1.6B |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $215M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $725M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $1.4B |
| Goodwill | $5.6B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $267M |
| TOTAL NON-CURRENT ASSETS | $10.8B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $1.0B |
| Short-Term Debt | $31M |
| Deferred Revenue | $299M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $7.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $503M |
| Other Non-Current Liabilities | $474M |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $10.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $711M |
| Treasury Stock | -$725M |
| Accum. Other Comp. Income | -$91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $10M |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $7.2B |
| Net Debt | $7.0B |
