| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | $2.0B | -1.8% | 1.9% |
| Op. Income | $541M | $564M | $557M | -4.1% | -2.9% |
| Gross Margin | 76.5% | 75.7% | 76.8% | 0.9pp | -0.2pp |
| Net Margin | 22.6% | 22.1% | 23.7% | 0.4pp | -1.2pp |
| EPS (Diluted) | $0.98 | $0.97 | $0.96 | 1.0% | 2.1% |
| Free Cash Flow | $589M | $356M | $423M | 65.4% | 39.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $468M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $518M |
| SG&A Expenses | $544M |
| Other Expenses | $442M |
| Operating Expenses | $986M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $541M |
| Interest Income | $1.5B |
| Interest Expense | $358M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $541M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $450M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $450M |
| Net Income Deductions | -$23M |
| BOTTOM LINE NET INCOME | $427M |
| D&A | $193M |
| EBIT | $541M |
| EBITDA | $734M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $468M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $518M |
| SG&A Expenses | $544M |
| Other Expenses | $442M |
| Operating Expenses | $986M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $541M |
| Interest Income | $1.5B |
| Interest Expense | $358M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $541M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $450M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $450M |
| Net Income Deductions | -$23M |
| BOTTOM LINE NET INCOME | $427M |
| D&A | $193M |
| EBIT | $541M |
| EBITDA | $734M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $450M |
| Depreciation & Amortization | $193M |
| Stock-Based Compensation | -$3M |
| Deferred Income Tax | $105M |
| Other Non-Cash Items | $117M |
| Change in Working Capital | -$135M |
| OPERATING CASH FLOW | $727M |
| Capital Expenditure | -$138M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.7B |
| Sales/Maturities of Investments | $5.8B |
| Other Investing Activities | -$3.2B |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | $1.0B |
| Common Stock Repurchased | -$400M |
| Common Dividends Paid | -$158M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $906M |
| FREE CASH FLOW | $589M |
| Net Change in Cash | -$456M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $20.3B |
| Net Receivables | $2.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $26.5B |
| PP&E (Net) | $761M |
| Goodwill | $7.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $122.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.1B |
| TOTAL NON-CURRENT ASSETS | $139.3B |
| TOTAL ASSETS | $165.7B |
| Account Payables | $0 |
| Short-Term Debt | $274M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $125.3B |
| TOTAL CURRENT LIABILITIES | $125.6B |
| Long-Term Debt | $14.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $866M |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $17.9B |
| TOTAL LIABILITIES | $143.5B |
| Common Stock | $6M |
| Additional Paid-In Capital | $18.9B |
| Retained Earnings | $6.5B |
| Treasury Stock | -$4.4B |
| Accum. Other Comp. Income | -$411M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $22.2B |
| TOTAL LIABILITIES & EQUITY | $165.7B |
| Total Debt | $14.3B |
| Net Debt | $10.6B |
