| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.8B | $12.5B | $12.1B | 3.1% | 5.9% |
| Op. Income | $3.3B | $3.1B | $3.0B | 6.8% | 10.3% |
| Gross Margin | 61.7% | 62.3% | 62.2% | -0.6pp | -0.5pp |
| Net Margin | 29.6% | 21.6% | 20.0% | 8.0pp | 9.6pp |
| EPS (Diluted) | $0.81 | $0.56 | $0.48 | 44.6% | 68.8% |
| Free Cash Flow | $3.9B | $2.2B | $3.8B | 78.7% | 2.5% |
| Item | Amount |
|---|---|
| REVENUE | $12.8B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $7.9B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $2.3B |
| General & Administrative | $543M |
| SG&A Expenses | $2.9B |
| Other Expenses | $59M |
| Operating Expenses | $4.6B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $3.3B |
| Interest Income | $353M |
| Interest Expense | $224M |
| Other Income/Expenses | $246M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | -$211M |
| Net Income from Continuing Ops | $3.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.8B |
| D&A | $516M |
| EBIT | $3.8B |
| EBITDA | $4.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.8B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $7.9B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $2.3B |
| General & Administrative | $543M |
| SG&A Expenses | $2.9B |
| Other Expenses | $59M |
| Operating Expenses | $4.6B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $3.3B |
| Interest Income | $353M |
| Interest Expense | $224M |
| Other Income/Expenses | $246M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | -$211M |
| Net Income from Continuing Ops | $3.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.8B |
| D&A | $516M |
| EBIT | $3.8B |
| EBITDA | $4.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.8B |
| Depreciation & Amortization | $516M |
| Stock-Based Compensation | $392M |
| Deferred Income Tax | -$113M |
| Other Non-Cash Items | -$193M |
| Change in Working Capital | -$305M |
| OPERATING CASH FLOW | $4.1B |
| Capital Expenditure | -$214M |
| Acquisitions (Net) | -$217M |
| Purchases of Investments | -$294M |
| Sales/Maturities of Investments | $8.8B |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $8.1B |
| Net Debt Issuance | -$2.5B |
| Common Stock Repurchased | -$6.1B |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | -$77M |
| NET CASH FROM FINANCING | -$10.0B |
| FREE CASH FLOW | $3.9B |
| Net Change in Cash | $2.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.9B |
| Short-Term Investments | $37.6B |
| Net Receivables | $10.5B |
| Inventory | $1.8B |
| Other Current Assets | $2.9B |
| TOTAL CURRENT ASSETS | $61.8B |
| PP&E (Net) | $3.0B |
| Goodwill | $31.7B |
| Intangible Assets | $2.6B |
| Long-Term Investments | $0 |
| Tax Assets | $3.2B |
| Other Non-Current Assets | $6.5B |
| TOTAL NON-CURRENT ASSETS | $46.9B |
| TOTAL ASSETS | $108.8B |
| Account Payables | $1.9B |
| Short-Term Debt | $5.2B |
| Deferred Revenue | $11.5B |
| Other Current Liabilities | $7.4B |
| TOTAL CURRENT LIABILITIES | $27.0B |
| Long-Term Debt | $20.3B |
| Deferred Revenue NC | $8.2B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.0B |
| TOTAL NON-CURRENT LIABILITIES | $38.5B |
| TOTAL LIABILITIES | $65.6B |
| Common Stock | $42.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$849M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $43.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $43.2B |
| TOTAL LIABILITIES & EQUITY | $108.8B |
| Total Debt | $25.6B |
| Net Debt | $16.6B |
