| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $536M | $567M | $491M | -5.4% | 9.2% |
| Op. Income | $141M | $174M | $128M | -19.1% | 9.8% |
| Gross Margin | 77.9% | 77.4% | 81.9% | 0.5pp | -4.0pp |
| Net Margin | 20.6% | 25.1% | 22.1% | -4.5pp | -1.5pp |
| EPS (Diluted) | $1.56 | $2.00 | $1.50 | -22.0% | 4.0% |
| Free Cash Flow | $507M | -$437M | -$257M | 215.9% | 297.0% |
| Item | Amount |
|---|---|
| REVENUE | $536M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $417M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $178M |
| SG&A Expenses | $186M |
| Other Expenses | $90M |
| Operating Expenses | $276M |
| Cost & Expenses | $395M |
| OPERATING INCOME | $141M |
| Interest Income | $370M |
| Interest Expense | $100M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $141M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $1.0K |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $26M |
| EBIT | $141M |
| EBITDA | $167M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $536M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $417M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $178M |
| SG&A Expenses | $186M |
| Other Expenses | $90M |
| Operating Expenses | $276M |
| Cost & Expenses | $395M |
| OPERATING INCOME | $141M |
| Interest Income | $370M |
| Interest Expense | $100M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $141M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $1.0K |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $26M |
| EBIT | $141M |
| EBITDA | $167M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $111M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $107M |
| Change in Working Capital | $336M |
| OPERATING CASH FLOW | $583M |
| Capital Expenditure | -$76M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $517M |
| NET CASH FROM INVESTING | $235M |
| Net Debt Issuance | -$1.9B |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | -$786M |
| FREE CASH FLOW | $507M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $11.3B |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.8B |
| PP&E (Net) | $536M |
| Goodwill | $1.0B |
| Intangible Assets | $327M |
| Long-Term Investments | $23.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $28.4B |
| TOTAL ASSETS | $42.2B |
| Account Payables | $260M |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27.6B |
| TOTAL CURRENT LIABILITIES | $31.7B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $806M |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $37.3B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.7B |
| Treasury Stock | -$330M |
| Accum. Other Comp. Income | $105M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $8M |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $42.2B |
| Total Debt | $8.6B |
| Net Debt | $7.4B |
