| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.3B | $13.5B | $12.9B | 6.2% | 11.2% |
| Op. Income | $1.9B | $2.1B | $1.2B | -11.8% | 62.2% |
| Gross Margin | 29.0% | 31.9% | 29.8% | -2.8pp | -0.8pp |
| Net Margin | 7.3% | 12.8% | -10.1% | -5.5pp | 17.4pp |
| EPS (Diluted) | $1.78 | $2.88 | $-2.18 | -38.2% | 181.7% |
| Free Cash Flow | $1.3B | $791M | -$158M | 63.8% | 920.3% |
| Item | Amount |
|---|---|
| REVENUE | $14.3B |
| Cost of Revenue | $10.2B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $466M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $354M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $12.5B |
| OPERATING INCOME | $1.9B |
| Interest Income | $56M |
| Interest Expense | $98M |
| Other Income/Expenses | -$513M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $321M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $701M |
| EBIT | $1.5B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $14.3B |
| Cost of Revenue | $10.2B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $466M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $354M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $12.5B |
| OPERATING INCOME | $1.9B |
| Interest Income | $56M |
| Interest Expense | $98M |
| Other Income/Expenses | -$513M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $321M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $701M |
| EBIT | $1.5B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $701M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | -$758M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$787M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$124M |
| Sales/Maturities of Investments | $79M |
| Other Investing Activities | -$323M |
| NET CASH FROM INVESTING | -$798M |
| Net Debt Issuance | $874M |
| Common Stock Repurchased | -$1.8B |
| Common Dividends Paid | -$507M |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.9B |
| Short-Term Investments | $0 |
| Net Receivables | $17.5B |
| Inventory | $11.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $38.6B |
| PP&E (Net) | $13.6B |
| Goodwill | $6.2B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $16.8B |
| TOTAL NON-CURRENT ASSETS | $39.9B |
| TOTAL ASSETS | $78.5B |
| Account Payables | $7.1B |
| Short-Term Debt | $11.6B |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $28.2B |
| Long-Term Debt | $24.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.2B |
| TOTAL NON-CURRENT LIABILITIES | $36.2B |
| TOTAL LIABILITIES | $64.4B |
| Common Stock | $5.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $30.4B |
| Treasury Stock | -$20.5B |
| Accum. Other Comp. Income | -$1.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.0B |
| Minority Interest | $41M |
| TOTAL EQUITY | $14.1B |
| TOTAL LIABILITIES & EQUITY | $78.5B |
| Total Debt | $36.6B |
| Net Debt | $28.7B |
