| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.4B | $13.0B | $12.8B | 3.6% | 4.5% |
| Op. Income | $3.7B | $3.5B | $3.3B | 5.0% | 10.3% |
| Gross Margin | 63.9% | 63.1% | 61.7% | 0.8pp | 2.2pp |
| Net Margin | 16.4% | 23.5% | 29.6% | -7.1pp | -13.2pp |
| EPS (Diluted) | $0.51 | $0.69 | $0.81 | -26.1% | -37.0% |
| Free Cash Flow | $3.7B | $4.1B | $3.9B | -8.9% | -3.9% |
| Item | Amount |
|---|---|
| REVENUE | $13.4B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $8.6B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $2.5B |
| General & Administrative | $566M |
| SG&A Expenses | $3.1B |
| Other Expenses | $78M |
| Operating Expenses | $4.9B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $3.7B |
| Interest Income | $305M |
| Interest Expense | $204M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $1.5B |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $464M |
| EBIT | $3.9B |
| EBITDA | $4.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.4B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $8.6B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $2.5B |
| General & Administrative | $566M |
| SG&A Expenses | $3.1B |
| Other Expenses | $78M |
| Operating Expenses | $4.9B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $3.7B |
| Interest Income | $305M |
| Interest Expense | $204M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $1.5B |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $464M |
| EBIT | $3.9B |
| EBITDA | $4.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.2B |
| Depreciation & Amortization | $464M |
| Stock-Based Compensation | $404M |
| Deferred Income Tax | -$69M |
| Other Non-Cash Items | $63M |
| Change in Working Capital | $874M |
| OPERATING CASH FLOW | $3.9B |
| Capital Expenditure | -$208M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $4.2B |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | $2.7B |
| Net Debt Issuance | $913M |
| Common Stock Repurchased | -$4.9B |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | $62M |
| NET CASH FROM FINANCING | -$5.1B |
| FREE CASH FLOW | $3.7B |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.8B |
| Short-Term Investments | $21.7B |
| Net Receivables | $10.6B |
| Inventory | $1.4B |
| Other Current Assets | $2.4B |
| TOTAL CURRENT ASSETS | $47.8B |
| PP&E (Net) | $2.8B |
| Goodwill | $33.5B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $4.1B |
| Other Non-Current Assets | $7.5B |
| TOTAL NON-CURRENT ASSETS | $50.0B |
| TOTAL ASSETS | $97.8B |
| Account Payables | $2.1B |
| Short-Term Debt | $10.2B |
| Deferred Revenue | $10.7B |
| Other Current Liabilities | $7.6B |
| TOTAL CURRENT LIABILITIES | $31.7B |
| Long-Term Debt | $14.5B |
| Deferred Revenue NC | $7.8B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.2B |
| TOTAL NON-CURRENT LIABILITIES | $32.5B |
| TOTAL LIABILITIES | $64.2B |
| Common Stock | $40.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$5.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$792M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $33.6B |
| TOTAL LIABILITIES & EQUITY | $97.8B |
| Total Debt | $24.7B |
| Net Debt | $12.9B |
