| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24.9B | $26.1B | $24.0B | -4.5% | 4.0% |
| Op. Income | $5.7B | $6.0B | $5.3B | -5.3% | 7.5% |
| Gross Margin | 64.9% | 63.2% | 63.5% | 1.7pp | 1.4pp |
| Net Margin | 20.0% | 18.8% | 18.0% | 1.2pp | 2.0pp |
| EPS (Diluted) | $2.14 | $2.08 | $1.64 | 2.9% | 30.5% |
| Free Cash Flow | $21.5B | $1.4B | $5.8B | 1453.4% | 271.9% |
| Item | Amount |
|---|---|
| REVENUE | $24.9B |
| Cost of Revenue | $8.7B |
| GROSS PROFIT | $16.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $345M |
| General & Administrative | $5.1B |
| SG&A Expenses | $5.4B |
| Other Expenses | $5.0B |
| Operating Expenses | $10.5B |
| Cost & Expenses | $19.2B |
| OPERATING INCOME | $5.7B |
| Interest Income | $18.5B |
| Interest Expense | $6.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.7B |
| Income Tax Expense | $703M |
| Net Income from Continuing Ops | $5.0B |
| Net Income from Discontinued Ops | -$4M |
| Other Adjustments | $0 |
| NET INCOME | $5.0B |
| Net Income Deductions | -$9M |
| BOTTOM LINE NET INCOME | $4.7B |
| D&A | $1.0B |
| EBIT | $5.7B |
| EBITDA | $6.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $24.9B |
| Cost of Revenue | $8.7B |
| GROSS PROFIT | $16.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $345M |
| General & Administrative | $5.1B |
| SG&A Expenses | $5.4B |
| Other Expenses | $5.0B |
| Operating Expenses | $10.5B |
| Cost & Expenses | $19.2B |
| OPERATING INCOME | $5.7B |
| Interest Income | $18.5B |
| Interest Expense | $6.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.7B |
| Income Tax Expense | $703M |
| Net Income from Continuing Ops | $5.0B |
| Net Income from Discontinued Ops | -$4M |
| Other Adjustments | $0 |
| NET INCOME | $5.0B |
| Net Income Deductions | -$9M |
| BOTTOM LINE NET INCOME | $4.7B |
| D&A | $1.0B |
| EBIT | $5.7B |
| EBITDA | $6.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $5.0B |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.8B |
| Change in Working Capital | $14.7B |
| OPERATING CASH FLOW | $22.5B |
| Capital Expenditure | -$976M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$77.8B |
| Sales/Maturities of Investments | $68.2B |
| Other Investing Activities | -$716M |
| NET CASH FROM INVESTING | -$11.3B |
| Net Debt Issuance | $15.6B |
| Common Stock Repurchased | -$6.6B |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | -$45.9B |
| NET CASH FROM FINANCING | -$38.2B |
| FREE CASH FLOW | $21.5B |
| Net Change in Cash | -$26.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $193.9B |
| Short-Term Investments | $271.5B |
| Net Receivables | $41.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $506.7B |
| PP&E (Net) | $0 |
| Goodwill | $22.1B |
| Intangible Assets | $4.8B |
| Long-Term Investments | $771.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $645.8B |
| TOTAL NON-CURRENT ASSETS | $1.4T |
| TOTAL ASSETS | $2.0T |
| Account Payables | $48.6B |
| Short-Term Debt | $211.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2T |
| TOTAL CURRENT LIABILITIES | $1.5T |
| Long-Term Debt | $248.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $58.0B |
| TOTAL NON-CURRENT LIABILITIES | $306.7B |
| TOTAL LIABILITIES | $1.8T |
| Common Stock | $31M |
| Additional Paid-In Capital | $107.8B |
| Retained Earnings | $165.4B |
| Treasury Stock | -$61.7B |
| Accum. Other Comp. Income | -$36.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $193.2B |
| Minority Interest | $704M |
| TOTAL EQUITY | $193.9B |
| TOTAL LIABILITIES & EQUITY | $2.0T |
| Total Debt | $460.1B |
| Net Debt | $266.2B |
