| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.4B | $2.1B | 44.5% | -2.4% |
| Op. Income | $574M | $480M | $463M | 19.7% | 24.1% |
| Gross Margin | 35.7% | 44.4% | 38.1% | -8.7pp | -2.4pp |
| Net Margin | 13.9% | 20.8% | 12.9% | -7.0pp | 1.0pp |
| EPS (Diluted) | $5.25 | $5.39 | $4.88 | -2.6% | 7.6% |
| Free Cash Flow | $679M | $653M | $781M | 4.0% | -13.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $734M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $46M |
| SG&A Expenses | $46M |
| Other Expenses | $114M |
| Operating Expenses | $160M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $574M |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | -$177M |
| INCOME BEFORE TAX | $397M |
| Income Tax Expense | $113M |
| Net Income from Continuing Ops | $285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $121M |
| EBIT | $397M |
| EBITDA | $519M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $734M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $46M |
| SG&A Expenses | $46M |
| Other Expenses | $114M |
| Operating Expenses | $160M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $574M |
| Interest Income | $0 |
| Interest Expense | $70M |
| Other Income/Expenses | -$177M |
| INCOME BEFORE TAX | $397M |
| Income Tax Expense | $113M |
| Net Income from Continuing Ops | $285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $121M |
| EBIT | $397M |
| EBITDA | $519M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $285M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $47M |
| Other Non-Cash Items | $223M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | $730M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | -$55M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$2.0B |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | $122M |
| Common Stock Repurchased | -$246M |
| Common Dividends Paid | -$31M |
| Other Financing Activities | $443M |
| NET CASH FROM FINANCING | $288M |
| FREE CASH FLOW | $679M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.8B |
| Short-Term Investments | $0 |
| Net Receivables | $17.2B |
| Inventory | $248M |
| Other Current Assets | $3.4B |
| TOTAL CURRENT ASSETS | $24.7B |
| PP&E (Net) | $288M |
| Goodwill | $955M |
| Intangible Assets | $217M |
| Long-Term Investments | $0 |
| Tax Assets | $44M |
| Other Non-Current Assets | $4.2B |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $30.4B |
| Account Payables | $486M |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $766M |
| Other Current Liabilities | $7.1B |
| TOTAL CURRENT LIABILITIES | $11.5B |
| Long-Term Debt | $10.5B |
| Deferred Revenue NC | $109M |
| Deferred Tax Liabilities | $257M |
| Other Non-Current Liabilities | $5.7B |
| TOTAL NON-CURRENT LIABILITIES | $16.6B |
| TOTAL LIABILITIES | $28.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $5.0B |
| Treasury Stock | -$5.7B |
| Accum. Other Comp. Income | -$138M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $30.4B |
| Total Debt | $13.4B |
| Net Debt | $9.6B |
