| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24.0B | $24.8B | $21.8B | -3.2% | 10.0% |
| Op. Income | $5.3B | $6.1B | $5.1B | -13.1% | 4.1% |
| Gross Margin | 63.5% | 66.4% | 69.8% | -2.9pp | -6.3pp |
| Net Margin | 18.0% | 18.7% | -86.7% | -0.7pp | 104.7pp |
| EPS (Diluted) | $1.64 | $1.73 | $-7.33 | -5.2% | 122.4% |
| Free Cash Flow | $5.8B | $20.8B | -$6.1B | -72.1% | 194.3% |
| Item | Amount |
|---|---|
| REVENUE | $24.0B |
| Cost of Revenue | $8.8B |
| GROSS PROFIT | $15.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $375M |
| General & Administrative | $4.6B |
| SG&A Expenses | $5.0B |
| Other Expenses | $4.9B |
| Operating Expenses | $9.9B |
| Cost & Expenses | $18.7B |
| OPERATING INCOME | $5.3B |
| Interest Income | $18.8B |
| Interest Expense | $6.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.3B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | -$8M |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.0B |
| D&A | $954M |
| EBIT | $5.3B |
| EBITDA | $6.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $24.0B |
| Cost of Revenue | $8.8B |
| GROSS PROFIT | $15.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $375M |
| General & Administrative | $4.6B |
| SG&A Expenses | $5.0B |
| Other Expenses | $4.9B |
| Operating Expenses | $9.9B |
| Cost & Expenses | $18.7B |
| OPERATING INCOME | $5.3B |
| Interest Income | $18.8B |
| Interest Expense | $6.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.3B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | -$8M |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.0B |
| D&A | $954M |
| EBIT | $5.3B |
| EBITDA | $6.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.3B |
| Depreciation & Amortization | $954M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4.9B |
| Change in Working Capital | -$3.3B |
| OPERATING CASH FLOW | $6.9B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$57.9B |
| Sales/Maturities of Investments | $44.5B |
| Other Investing Activities | -$2.0B |
| NET CASH FROM INVESTING | -$16.6B |
| Net Debt Issuance | -$4.7B |
| Common Stock Repurchased | -$5.2B |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | $9.8B |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $5.8B |
| Net Change in Cash | -$11.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $188.1B |
| Short-Term Investments | $278.7B |
| Net Receivables | $37.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $503.8B |
| PP&E (Net) | $0 |
| Goodwill | $22.0B |
| Intangible Assets | $5.2B |
| Long-Term Investments | $739.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $646.3B |
| TOTAL NON-CURRENT ASSETS | $1.4T |
| TOTAL ASSETS | $1.9T |
| Account Payables | $64.6B |
| Short-Term Debt | $210.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2T |
| TOTAL CURRENT LIABILITIES | $1.4T |
| Long-Term Debt | $232.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56.1B |
| TOTAL NON-CURRENT LIABILITIES | $288.1B |
| TOTAL LIABILITIES | $1.7T |
| Common Stock | $31M |
| Additional Paid-In Capital | $107.9B |
| Retained Earnings | $151.3B |
| Treasury Stock | -$44.4B |
| Accum. Other Comp. Income | -$37.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $196.2B |
| Minority Interest | $854M |
| TOTAL EQUITY | $197.1B |
| TOTAL LIABILITIES & EQUITY | $1.9T |
| Total Debt | $442.1B |
| Net Debt | $254.0B |
