| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $4.1B | -$3.4B | -15.7% | 201.8% |
| Op. Income | $644M | $1.4B | $1.5B | -55.1% | -56.0% |
| Gross Margin | 100.0% | 100.0% | 138.9% | 0.0pp | -38.9pp |
| Net Margin | 15.1% | 24.7% | -37.1% | -9.6pp | 52.2pp |
| EPS (Diluted) | $0.05 | $0.09 | $0.19 | -48.9% | -74.2% |
| Free Cash Flow | -$7.6B | $788M | -$939M | -1067.4% | -711.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $77M |
| General & Administrative | $343M |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $644M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$122M |
| INCOME BEFORE TAX | $969M |
| Income Tax Expense | $442M |
| Net Income from Continuing Ops | $527M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $520M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $520M |
| D&A | -$644M |
| EBIT | $2.2B |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $77M |
| General & Administrative | $343M |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $644M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$122M |
| INCOME BEFORE TAX | $969M |
| Income Tax Expense | $442M |
| Net Income from Continuing Ops | $527M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $520M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $520M |
| D&A | -$644M |
| EBIT | $2.2B |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $520M |
| Depreciation & Amortization | $111M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9.1B |
| Change in Working Capital | -$17.2B |
| OPERATING CASH FLOW | -$7.4B |
| Capital Expenditure | -$235M |
| Acquisitions (Net) | -$55M |
| Purchases of Investments | $14.3B |
| Sales/Maturities of Investments | -$8.2B |
| Other Investing Activities | $4.6B |
| NET CASH FROM INVESTING | $4.3B |
| Net Debt Issuance | $3.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$75M |
| Other Financing Activities | -$530M |
| NET CASH FROM FINANCING | $2.8B |
| FREE CASH FLOW | -$7.6B |
| Net Change in Cash | -$252M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $1.8B |
| Goodwill | $1.1B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $254.0B |
| TOTAL NON-CURRENT ASSETS | $259.1B |
| TOTAL ASSETS | $263.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $40.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $187.3B |
| TOTAL NON-CURRENT LIABILITIES | $236.6B |
| TOTAL LIABILITIES | $237.9B |
| Common Stock | $13.5B |
| Additional Paid-In Capital | $14M |
| Retained Earnings | $11.1B |
| Treasury Stock | -$89M |
| Accum. Other Comp. Income | $452M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.0B |
| Minority Interest | $81M |
| TOTAL EQUITY | $25.1B |
| TOTAL LIABILITIES & EQUITY | $263.0B |
| Total Debt | $40.3B |
| Net Debt | $36.4B |
