| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $699M | $681M | $643M | 2.6% | 8.6% |
| Op. Income | $321M | $329M | $285M | -2.5% | 12.7% |
| Gross Margin | 79.1% | 80.2% | 79.5% | -1.1pp | -0.4pp |
| Net Margin | 33.7% | 33.2% | 46.9% | 0.5pp | -13.2pp |
| EPS (Diluted) | $2.60 | $2.49 | $3.33 | 4.4% | -21.9% |
| Free Cash Flow | $344M | $224M | $323M | 53.5% | 6.7% |
| Item | Amount |
|---|---|
| REVENUE | $699M |
| Cost of Revenue | $146M |
| GROSS PROFIT | $553M |
| R&D Expenses | $0 |
| Selling & Marketing | $52M |
| General & Administrative | $110M |
| SG&A Expenses | $161M |
| Other Expenses | $71M |
| Operating Expenses | $232M |
| Cost & Expenses | $378M |
| OPERATING INCOME | $321M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $236M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $236M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $236M |
| D&A | $69M |
| EBIT | $334M |
| EBITDA | $402M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $699M |
| Cost of Revenue | $146M |
| GROSS PROFIT | $553M |
| R&D Expenses | $0 |
| Selling & Marketing | $52M |
| General & Administrative | $110M |
| SG&A Expenses | $161M |
| Other Expenses | $71M |
| Operating Expenses | $232M |
| Cost & Expenses | $378M |
| OPERATING INCOME | $321M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $236M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $236M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $236M |
| D&A | $69M |
| EBIT | $334M |
| EBITDA | $402M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $236M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $27M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $371M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$113M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$255.0K |
| NET CASH FROM INVESTING | -$140M |
| Net Debt Issuance | $535M |
| Common Stock Repurchased | -$636M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$206.0K |
| NET CASH FROM FINANCING | -$50M |
| FREE CASH FLOW | $344M |
| Net Change in Cash | $209M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $200M |
| Goodwill | $4.8B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $30M |
| Tax Assets | $0 |
| Other Non-Current Assets | $225M |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $12.2B |
| Account Payables | $1.2B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $184M |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $520M |
| Other Non-Current Liabilities | $264M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $124.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$972M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $12.2B |
| Total Debt | $5.0B |
| Net Debt | $3.8B |
