| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.9B | $1.7B | 3.4% | 15.5% |
| Op. Income | $557M | $576M | $503M | -3.3% | 10.7% |
| Gross Margin | 76.8% | 78.5% | 82.7% | -1.7pp | -5.9pp |
| Net Margin | 23.7% | 23.4% | 39.3% | 0.3pp | -15.5pp |
| EPS (Diluted) | $0.96 | $0.91 | $1.35 | 5.5% | -28.9% |
| Free Cash Flow | $423M | -$330M | $246M | 228.2% | 72.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $455M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $34M |
| General & Administrative | $499M |
| SG&A Expenses | $533M |
| Other Expenses | $413M |
| Operating Expenses | $946M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $557M |
| Interest Income | $1.5B |
| Interest Expense | $370M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $557M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $465M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $465M |
| Net Income Deductions | -$15M |
| BOTTOM LINE NET INCOME | $450M |
| D&A | $132M |
| EBIT | $557M |
| EBITDA | $689M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $455M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $34M |
| General & Administrative | $499M |
| SG&A Expenses | $533M |
| Other Expenses | $413M |
| Operating Expenses | $946M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $557M |
| Interest Income | $1.5B |
| Interest Expense | $370M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $557M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $465M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $465M |
| Net Income Deductions | -$15M |
| BOTTOM LINE NET INCOME | $450M |
| D&A | $132M |
| EBIT | $557M |
| EBITDA | $689M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $465M |
| Depreciation & Amortization | $132M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $74M |
| Other Non-Cash Items | $223M |
| Change in Working Capital | -$335M |
| OPERATING CASH FLOW | $560M |
| Capital Expenditure | -$137M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$2.2B |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | -$1.6B |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$127M |
| Other Financing Activities | $3.3B |
| NET CASH FROM FINANCING | $1.5B |
| FREE CASH FLOW | $423M |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.2B |
| Short-Term Investments | $19.5B |
| Net Receivables | $2.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $26.6B |
| PP&E (Net) | $791M |
| Goodwill | $6.9B |
| Intangible Assets | $0 |
| Long-Term Investments | $118.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.6B |
| TOTAL NON-CURRENT ASSETS | $133.9B |
| TOTAL ASSETS | $160.5B |
| Account Payables | $0 |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $119.6B |
| TOTAL CURRENT LIABILITIES | $122.4B |
| Long-Term Debt | $14.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $573M |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $17.3B |
| TOTAL LIABILITIES | $139.7B |
| Common Stock | $6M |
| Additional Paid-In Capital | $18.8B |
| Retained Earnings | $5.4B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $20.8B |
| TOTAL LIABILITIES & EQUITY | $160.5B |
| Total Debt | $17.2B |
| Net Debt | $13.0B |
