| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $5.1B | — | 7.5% | — |
| Op. Income | $1.7B | $1.3B | — | 23.4% | — |
| Gross Margin | 53.9% | 51.7% | — | 2.2pp | — |
| Net Margin | 20.5% | 23.6% | — | -3.1pp | — |
| EPS (Diluted) | $0.26 | $0.27 | — | -3.7% | — |
| Free Cash Flow | $2.5B | $2.1B | — | 18.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $948M |
| Selling & Marketing | $0 |
| General & Administrative | $237M |
| SG&A Expenses | $237M |
| Other Expenses | $98M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $1.7B |
| Interest Income | $114M |
| Interest Expense | $148M |
| Other Income/Expenses | -$230M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $307M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $968M |
| EBIT | $1.6B |
| EBITDA | $2.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $948M |
| Selling & Marketing | $0 |
| General & Administrative | $237M |
| SG&A Expenses | $237M |
| Other Expenses | $98M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $1.7B |
| Interest Income | $114M |
| Interest Expense | $148M |
| Other Income/Expenses | -$230M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $307M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $968M |
| EBIT | $1.6B |
| EBITDA | $2.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $968M |
| Stock-Based Compensation | $317M |
| Deferred Income Tax | $242M |
| Other Non-Cash Items | $135M |
| Change in Working Capital | -$142M |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$106M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | $249M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$254M |
| NET CASH FROM INVESTING | -$118M |
| Net Debt Issuance | -$117M |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$723M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.3B |
| Short-Term Investments | $0 |
| Net Receivables | $3.3B |
| Inventory | $1.1B |
| Other Current Assets | $123M |
| TOTAL CURRENT ASSETS | $9.1B |
| PP&E (Net) | $2.6B |
| Goodwill | $26.9B |
| Intangible Assets | $10.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $707M |
| TOTAL NON-CURRENT ASSETS | $41.0B |
| TOTAL ASSETS | $50.1B |
| Account Payables | $811M |
| Short-Term Debt | $0 |
| Deferred Revenue | $164M |
| Other Current Liabilities | $486M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $17.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $169M |
| Other Non-Current Liabilities | $3.5B |
| TOTAL NON-CURRENT LIABILITIES | $21.1B |
| TOTAL LIABILITIES | $23.5B |
| Common Stock | $23.3B |
| Additional Paid-In Capital | $23.3B |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$115M |
| Other Equity | -$23.3B |
| TOTAL STOCKHOLDERS' EQUITY | $26.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.7B |
| TOTAL LIABILITIES & EQUITY | $50.1B |
| Total Debt | $17.5B |
| Net Debt | $13.2B |
