| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.1B | — | 2.9% | — |
| Op. Income | $680M | $344M | — | 97.7% | — |
| Gross Margin | 46.3% | 41.7% | — | 4.6pp | — |
| Net Margin | 22.0% | -22.7% | — | 44.7pp | — |
| EPS (Diluted) | $2.68 | $-2.68 | — | 200.0% | — |
| Free Cash Flow | $1.6B | $1.3B | — | 25.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $695M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $578M |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $680M |
| Interest Income | $306M |
| Interest Expense | $98M |
| Other Income/Expenses | $102M |
| INCOME BEFORE TAX | $782M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $738M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $927M |
| Net Income Deductions | $6M |
| BOTTOM LINE NET INCOME | $921M |
| D&A | $700M |
| EBIT | $880M |
| EBITDA | $1.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $695M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $578M |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $680M |
| Interest Income | $306M |
| Interest Expense | $98M |
| Other Income/Expenses | $102M |
| INCOME BEFORE TAX | $782M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $738M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $927M |
| Net Income Deductions | $6M |
| BOTTOM LINE NET INCOME | $921M |
| D&A | $700M |
| EBIT | $880M |
| EBITDA | $1.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $927M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $230M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $684M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.2B |
| NET CASH FROM INVESTING | $1.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$210M |
| NET CASH FROM FINANCING | -$210M |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $2.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.9B |
| Short-Term Investments | $16.5B |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $476M |
| TOTAL CURRENT ASSETS | $24.2B |
| PP&E (Net) | $3.7B |
| Goodwill | $2.7B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $10.1B |
| Tax Assets | $320M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $19.8B |
| TOTAL ASSETS | $44.0B |
| Account Payables | $0 |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8.4B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $150M |
| Deferred Tax Liabilities | $478M |
| Other Non-Current Liabilities | $605M |
| TOTAL NON-CURRENT LIABILITIES | $10.4B |
| TOTAL LIABILITIES | $18.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.7B |
| Retained Earnings | $18.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$202M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.9B |
| Minority Interest | $1.3B |
| TOTAL EQUITY | $25.2B |
| TOTAL LIABILITIES & EQUITY | $44.0B |
| Total Debt | $10.7B |
| Net Debt | $5.9B |
