| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.4B | $2.9B | 6.2% | 26.4% |
| Op. Income | $137M | $92M | $78M | 48.9% | 75.9% |
| Gross Margin | 73.7% | 73.8% | 74.1% | -0.0pp | -0.4pp |
| Net Margin | 10.0% | 3.1% | 2.4% | 7.0pp | 7.7pp |
| EPS (Diluted) | $0.46 | $0.13 | $0.09 | 253.8% | 411.1% |
| Free Cash Flow | $1.2B | $7M | $914M | 16528.6% | 27.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $946M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $518M |
| Selling & Marketing | $1.6B |
| General & Administrative | $359M |
| SG&A Expenses | $2.0B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $137M |
| Interest Income | $16M |
| Interest Expense | $41M |
| Other Income/Expenses | $102M |
| INCOME BEFORE TAX | $239M |
| Income Tax Expense | -$123M |
| Net Income from Continuing Ops | $362M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $362M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $362M |
| D&A | $273M |
| EBIT | $280M |
| EBITDA | $553M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $946M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $518M |
| Selling & Marketing | $1.6B |
| General & Administrative | $359M |
| SG&A Expenses | $2.0B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $137M |
| Interest Income | $16M |
| Interest Expense | $41M |
| Other Income/Expenses | $102M |
| INCOME BEFORE TAX | $239M |
| Income Tax Expense | -$123M |
| Net Income from Continuing Ops | $362M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $362M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $362M |
| D&A | $273M |
| EBIT | $280M |
| EBITDA | $553M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $362M |
| Depreciation & Amortization | $273M |
| Stock-Based Compensation | $329M |
| Deferred Income Tax | -$125M |
| Other Non-Cash Items | $178M |
| Change in Working Capital | $314M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$167M |
| Acquisitions (Net) | $167M |
| Purchases of Investments | -$504M |
| Sales/Maturities of Investments | $293M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$378M |
| Net Debt Issuance | -$522M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $136M |
| NET CASH FROM FINANCING | -$386M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $564M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $1.7B |
| Net Receivables | $4.9B |
| Inventory | $0 |
| Other Current Assets | $788M |
| TOTAL CURRENT ASSETS | $10.7B |
| PP&E (Net) | $2.1B |
| Goodwill | $12.9B |
| Intangible Assets | $2.6B |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $20.1B |
| TOTAL ASSETS | $30.7B |
| Account Payables | $2.7B |
| Short-Term Debt | $3M |
| Deferred Revenue | $8.6B |
| Other Current Liabilities | $954M |
| TOTAL CURRENT LIABILITIES | $11.3B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $704M |
| TOTAL NON-CURRENT LIABILITIES | $3.9B |
| TOTAL LIABILITIES | $15.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $13.9B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$58M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.6B |
| TOTAL LIABILITIES & EQUITY | $30.7B |
| Total Debt | $3.6B |
| Net Debt | $507M |
