| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $702M | $705M | $708M | -0.5% | -0.9% |
| Op. Income | $182M | $207M | $190M | -11.9% | -4.4% |
| Gross Margin | 80.1% | 81.4% | 82.2% | -1.3pp | -2.1pp |
| Net Margin | 23.8% | 23.4% | 15.0% | 0.3pp | 8.7pp |
| EPS (Diluted) | $1.72 | $1.70 | $1.05 | 1.2% | 63.8% |
| Free Cash Flow | $127M | $191M | $187M | -33.6% | -32.1% |
| Item | Amount |
|---|---|
| REVENUE | $702M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $562M |
| R&D Expenses | $0 |
| Selling & Marketing | $23M |
| General & Administrative | $232M |
| SG&A Expenses | $256M |
| Other Expenses | $125M |
| Operating Expenses | $380M |
| Cost & Expenses | $520M |
| OPERATING INCOME | $182M |
| Interest Income | $560M |
| Interest Expense | $92M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $17M |
| EBIT | $182M |
| EBITDA | $199M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $702M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $562M |
| R&D Expenses | $0 |
| Selling & Marketing | $23M |
| General & Administrative | $232M |
| SG&A Expenses | $256M |
| Other Expenses | $125M |
| Operating Expenses | $380M |
| Cost & Expenses | $520M |
| OPERATING INCOME | $182M |
| Interest Income | $560M |
| Interest Expense | $92M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $17M |
| EBIT | $182M |
| EBITDA | $199M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $167M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $885.0K |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | -$133M |
| Change in Working Capital | $83M |
| OPERATING CASH FLOW | $167M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.2B |
| Sales/Maturities of Investments | $4.9B |
| Other Investing Activities | -$465M |
| NET CASH FROM INVESTING | $244M |
| Net Debt Issuance | -$66M |
| Common Stock Repurchased | -$7.0K |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$430M |
| NET CASH FROM FINANCING | -$524M |
| FREE CASH FLOW | $127M |
| Net Change in Cash | -$114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $17.4B |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22.7B |
| PP&E (Net) | $719M |
| Goodwill | $671M |
| Intangible Assets | $180M |
| Long-Term Investments | $26.5B |
| Tax Assets | $886M |
| Other Non-Current Assets | $517M |
| TOTAL NON-CURRENT ASSETS | $29.4B |
| TOTAL ASSETS | $52.1B |
| Account Payables | $114M |
| Short-Term Debt | $296M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $43.8B |
| TOTAL CURRENT LIABILITIES | $44.4B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $341M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $46.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$460M |
| Accum. Other Comp. Income | -$170M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $52.1B |
| Total Debt | $1.6B |
| Net Debt | -$2.1B |
