| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $1.7B | $710M | 26.6% | 203.1% |
| Op. Income | $781M | $294M | -$581M | 165.6% | 234.4% |
| Gross Margin | 57.7% | 45.2% | -23.1% | 12.5pp | 80.8pp |
| Net Margin | 29.1% | 14.6% | -63.7% | 14.5pp | 92.8pp |
| EPS (Diluted) | $3.79 | $1.49 | $-2.78 | 154.4% | 236.3% |
| Free Cash Flow | $326M | $395M | $349M | -17.5% | -6.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $910M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $461M |
| Operating Expenses | $461M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $781M |
| Interest Income | $169M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $781M |
| Income Tax Expense | $155M |
| NET INCOME | $626M |
| D&A | $18M |
| EBIT | $794M |
| EBITDA | $812M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $910M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $461M |
| Operating Expenses | $461M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $781M |
| Interest Income | $169M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $781M |
| Income Tax Expense | $155M |
| NET INCOME | $626M |
| D&A | $18M |
| EBIT | $794M |
| EBITDA | $812M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $626M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $107M |
| Other Non-Cash Items | -$524M |
| Change in Working Capital | $94M |
| OPERATING CASH FLOW | $328M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$454M |
| Sales/Maturities of Investments | $303M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$153M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | -$62M |
| Common Dividends Paid | -$90M |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | -$195M |
| FREE CASH FLOW | $326M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $767M |
| Short-Term Investments | $11.7B |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | -$15.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $207M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $19.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$19.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $25.4B |
| Account Payables | $0 |
| Short-Term Debt | $39M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$39M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $788M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | -$1.9B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $15.5B |
| Common Stock | $397M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $9.3B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | $448M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.9B |
| TOTAL LIABILITIES & EQUITY | $25.4B |
| Total Debt | $884M |
| Net Debt | $117M |
