| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27.1B | $28.5B | $28.3B | -4.9% | -4.0% |
| Op. Income | $8.2B | $6.9B | $8.7B | 19.1% | -6.1% |
| Gross Margin | 78.9% | 77.2% | 77.2% | 1.7pp | 1.7pp |
| Net Margin | 25.8% | 20.2% | 25.7% | 5.5pp | 0.0pp |
| EPS (Diluted) | $0.74 | $0.56 | $0.70 | 32.1% | 5.7% |
| Free Cash Flow | $59.1B | -$5.7B | -$13.9B | 1136.5% | 524.5% |
| Item | Amount |
|---|---|
| REVENUE | $27.1B |
| Cost of Revenue | $5.7B |
| GROSS PROFIT | $21.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $8.7B |
| SG&A Expenses | $10.0B |
| Other Expenses | $3.3B |
| Operating Expenses | $13.2B |
| Cost & Expenses | $19.0B |
| OPERATING INCOME | $8.2B |
| Interest Income | $16.9B |
| Interest Expense | $4.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.2B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $7.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.7B |
| D&A | $439M |
| EBIT | $8.2B |
| EBITDA | $8.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $27.1B |
| Cost of Revenue | $5.7B |
| GROSS PROFIT | $21.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $8.7B |
| SG&A Expenses | $10.0B |
| Other Expenses | $3.3B |
| Operating Expenses | $13.2B |
| Cost & Expenses | $19.0B |
| OPERATING INCOME | $8.2B |
| Interest Income | $16.9B |
| Interest Expense | $4.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.2B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $7.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.7B |
| D&A | $439M |
| EBIT | $8.2B |
| EBITDA | $8.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7.0B |
| Depreciation & Amortization | $439M |
| Stock-Based Compensation | $479M |
| Deferred Income Tax | $646M |
| Other Non-Cash Items | $3.4B |
| Change in Working Capital | $47.2B |
| OPERATING CASH FLOW | $59.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$69.4B |
| Sales/Maturities of Investments | $41.3B |
| Other Investing Activities | -$15.2B |
| NET CASH FROM INVESTING | -$43.3B |
| Net Debt Issuance | -$7.2B |
| Common Stock Repurchased | -$7.7B |
| Common Dividends Paid | -$1.8B |
| Other Financing Activities | $5.1B |
| NET CASH FROM FINANCING | -$11.9B |
| FREE CASH FLOW | $59.1B |
| Net Change in Cash | $4.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168.7B |
| Short-Term Investments | $245.6B |
| Net Receivables | $75.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $490.0B |
| PP&E (Net) | $10.6B |
| Goodwill | $69.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.2T |
| Tax Assets | $0 |
| Other Non-Current Assets | $634.1B |
| TOTAL NON-CURRENT ASSETS | $1.9T |
| TOTAL ASSETS | $2.4T |
| Account Payables | $0 |
| Short-Term Debt | $189.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5T |
| TOTAL CURRENT LIABILITIES | $1.9T |
| Long-Term Debt | $240.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38.2B |
| TOTAL NON-CURRENT LIABILITIES | $279.1B |
| TOTAL LIABILITIES | $2.2T |
| Common Stock | $91.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $156.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $264.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $264.8B |
| TOTAL LIABILITIES & EQUITY | $2.4T |
| Total Debt | $430.2B |
| Net Debt | $261.5B |
