| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28.3B | $25.1B | $25.4B | 12.7% | 11.7% |
| Op. Income | $4.2B | $2.1B | $3.0B | 96.5% | 40.5% |
| Gross Margin | 22.1% | 16.3% | 19.5% | 5.7pp | 2.6pp |
| Net Margin | 12.1% | 9.4% | 12.3% | 2.7pp | -0.3pp |
| EPS (Diluted) | $5.93 | $4.07 | $5.18 | 45.7% | 14.5% |
| Free Cash Flow | $2.4B | $4.1B | $2.5B | -40.5% | -1.2% |
| Item | Amount |
|---|---|
| REVENUE | $28.3B |
| Cost of Revenue | $22.1B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $852M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $24.2B |
| OPERATING INCOME | $4.2B |
| Interest Income | $0 |
| Interest Expense | $158M |
| Other Income/Expenses | -$131M |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $622M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $583M |
| EBIT | $4.2B |
| EBITDA | $4.8B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $28.3B |
| Cost of Revenue | $22.1B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $852M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $24.2B |
| OPERATING INCOME | $4.2B |
| Interest Income | $0 |
| Interest Expense | $158M |
| Other Income/Expenses | -$131M |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $622M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $583M |
| EBIT | $4.2B |
| EBITDA | $4.8B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $3.4B |
| Depreciation & Amortization | $583M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | $89M |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$508M |
| Acquisitions (Net) | -$3.0B |
| Purchases of Investments | -$462M |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$2.4B |
| Net Debt Issuance | $698M |
| Common Stock Repurchased | -$585M |
| Common Dividends Paid | -$970M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$856M |
| FREE CASH FLOW | $2.4B |
| Net Change in Cash | -$397M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.6B |
| Short-Term Investments | $927M |
| Net Receivables | $14.4B |
| Inventory | $62.6B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $87.8B |
| PP&E (Net) | $12.6B |
| Goodwill | $7.8B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $1.1B |
| Tax Assets | $284M |
| Other Non-Current Assets | $4.2B |
| TOTAL NON-CURRENT ASSETS | $29.5B |
| TOTAL ASSETS | $117.4B |
| Account Payables | $12.9B |
| Short-Term Debt | $3.2B |
| Deferred Revenue | $50.7B |
| Other Current Liabilities | $7.4B |
| TOTAL CURRENT LIABILITIES | $81.6B |
| Long-Term Debt | $10.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | $22.9B |
| TOTAL NON-CURRENT LIABILITIES | $35.4B |
| TOTAL LIABILITIES | $116.9B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | $55.9B |
| Treasury Stock | -$52.3B |
| Accum. Other Comp. Income | -$15.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $339M |
| Minority Interest | $71M |
| TOTAL EQUITY | $410M |
| TOTAL LIABILITIES & EQUITY | $117.4B |
| Total Debt | $13.8B |
| Net Debt | $6.1B |
