| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.3B | $10.9B | $9.4B | 3.3% | 19.8% |
| Op. Income | $1.8B | $2.1B | $1.8B | -13.6% | 0.5% |
| Gross Margin | 84.2% | 85.4% | 85.0% | -1.2pp | -0.8pp |
| Net Margin | 17.8% | 15.1% | -12.7% | 2.7pp | 30.5pp |
| EPS (Diluted) | $2.32 | $1.88 | $-1.38 | 23.4% | 268.1% |
| Free Cash Flow | -$1.7B | $4.8B | $4.7B | -135.6% | -135.9% |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $9.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.8B |
| General & Administrative | $1.5B |
| SG&A Expenses | $3.3B |
| Other Expenses | $4.4B |
| Operating Expenses | $7.7B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $1.8B |
| Interest Income | $2.9B |
| Interest Expense | $834M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | -$179M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $286M |
| EBIT | $1.8B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $9.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.8B |
| General & Administrative | $1.5B |
| SG&A Expenses | $3.3B |
| Other Expenses | $4.4B |
| Operating Expenses | $7.7B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $1.8B |
| Interest Income | $2.9B |
| Interest Expense | $834M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | -$179M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $286M |
| EBIT | $1.8B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $286M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $802M |
| Other Non-Cash Items | $954M |
| Change in Working Capital | -$5.4B |
| OPERATING CASH FLOW | -$1.3B |
| Capital Expenditure | -$439M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$236M |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$6.4B |
| NET CASH FROM INVESTING | -$5.4B |
| Net Debt Issuance | $3.7B |
| Common Stock Repurchased | -$768M |
| Common Dividends Paid | -$354M |
| Other Financing Activities | $666M |
| NET CASH FROM FINANCING | $3.2B |
| FREE CASH FLOW | -$1.7B |
| Net Change in Cash | -$3.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27.4B |
| Short-Term Investments | $4.7B |
| Net Receivables | $58.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $88.8B |
| PP&E (Net) | $4.4B |
| Goodwill | $3.1B |
| Intangible Assets | $275M |
| Long-Term Investments | $142.0B |
| Tax Assets | $1.5B |
| Other Non-Current Assets | -$51.5B |
| TOTAL NON-CURRENT ASSETS | $99.8B |
| TOTAL ASSETS | $188.6B |
| Account Payables | $12.3B |
| Short-Term Debt | $3.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $70.0B |
| TOTAL CURRENT LIABILITIES | $86.9B |
| Long-Term Debt | $58.4B |
| Deferred Revenue NC | $1.8B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19.2B |
| TOTAL NON-CURRENT LIABILITIES | $79.4B |
| TOTAL LIABILITIES | $166.3B |
| Common Stock | $170M |
| Additional Paid-In Capital | $12.2B |
| Retained Earnings | $12.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $22.3B |
| TOTAL LIABILITIES & EQUITY | $188.6B |
| Total Debt | $61.5B |
| Net Debt | $34.1B |
