| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.8B | $5.5B | $5.4B | 4.7% | 6.1% |
| Op. Income | $1.1B | $865M | $1.7B | 21.8% | -36.2% |
| Gross Margin | 54.6% | 55.0% | 53.9% | -0.4pp | 0.7pp |
| Net Margin | 14.7% | 13.0% | 20.5% | 1.7pp | -5.8pp |
| EPS (Diluted) | $0.20 | $0.17 | $0.26 | 17.6% | -23.1% |
| Free Cash Flow | $2.4B | $2.3B | $2.5B | 3.3% | -5.8% |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $409M |
| SG&A Expenses | $409M |
| Other Expenses | $512M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $361M |
| Other Income/Expenses | -$307M |
| INCOME BEFORE TAX | $747M |
| Income Tax Expense | -$100M |
| Net Income from Continuing Ops | $847M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $847M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $818M |
| D&A | $1.5B |
| EBIT | $1.1B |
| EBITDA | $2.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $409M |
| SG&A Expenses | $409M |
| Other Expenses | $512M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $361M |
| Other Income/Expenses | -$307M |
| INCOME BEFORE TAX | $747M |
| Income Tax Expense | -$100M |
| Net Income from Continuing Ops | $847M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $847M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $818M |
| D&A | $1.5B |
| EBIT | $1.1B |
| EBITDA | $2.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $847M |
| Depreciation & Amortization | $1.5B |
| Stock-Based Compensation | $544M |
| Deferred Income Tax | -$226M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$154M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$96M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | -$4.9B |
| Common Stock Repurchased | -$587M |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | $3.7B |
| NET CASH FROM FINANCING | -$2.8B |
| FREE CASH FLOW | $2.4B |
| Net Change in Cash | -$407M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.1B |
| Short-Term Investments | $0 |
| Net Receivables | $3.3B |
| Inventory | $874M |
| Other Current Assets | $427M |
| TOTAL CURRENT ASSETS | $9.9B |
| PP&E (Net) | $2.6B |
| Goodwill | $36.7B |
| Intangible Assets | $17.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $743M |
| TOTAL NON-CURRENT ASSETS | $57.6B |
| TOTAL ASSETS | $67.5B |
| Account Payables | $855M |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $886M |
| TOTAL CURRENT LIABILITIES | $6.9B |
| Long-Term Debt | $30.0B |
| Deferred Revenue NC | $307M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.3B |
| TOTAL NON-CURRENT LIABILITIES | $35.6B |
| TOTAL LIABILITIES | $42.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $25.1B |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$140M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $25.0B |
| TOTAL LIABILITIES & EQUITY | $67.5B |
| Total Debt | $32.8B |
| Net Debt | $27.7B |
