| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.7B | $2.4B | 3.4% | 15.6% |
| Op. Income | $335M | $127M | -$114M | 163.8% | 393.9% |
| Gross Margin | 33.7% | 27.0% | 19.4% | 6.7pp | 14.3pp |
| Net Margin | 9.8% | 4.0% | -3.5% | 5.8pp | 13.3pp |
| EPS (Diluted) | $1.00 | $0.39 | $-0.31 | 156.4% | 422.6% |
| Free Cash Flow | $154M | $460M | $347M | -66.5% | -55.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $936M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $601M |
| Operating Expenses | $601M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $335M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $273M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $273M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $273M |
| D&A | $16M |
| EBIT | $366M |
| EBITDA | $382M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $936M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $601M |
| Operating Expenses | $601M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $335M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $273M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $273M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $273M |
| D&A | $16M |
| EBIT | $366M |
| EBITDA | $382M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $273M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $26M |
| Other Non-Cash Items | -$132M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $160M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $31M |
| Purchases of Investments | -$2.0B |
| Sales/Maturities of Investments | $1.9B |
| Other Investing Activities | -$72M |
| NET CASH FROM INVESTING | -$165M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$95M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $154M |
| Net Change in Cash | -$98M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $242M |
| Short-Term Investments | $3.2B |
| Net Receivables | $6.6B |
| Inventory | $0 |
| Other Current Assets | -$10.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $282M |
| Goodwill | $147M |
| Intangible Assets | $69M |
| Long-Term Investments | $46.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$47.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $60.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $3.8B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$6.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $48.4B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.3B |
| Treasury Stock | -$70M |
| Accum. Other Comp. Income | $51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.2B |
| TOTAL LIABILITIES & EQUITY | $60.6B |
| Total Debt | $2.7B |
| Net Debt | $2.4B |
