| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.7B | $9.9B | $9.2B | -2.0% | 5.2% |
| Op. Income | $977M | $1.3B | $1.1B | -25.1% | -8.9% |
| Gross Margin | 27.9% | 30.3% | 28.2% | -2.4pp | -0.3pp |
| Net Margin | 7.5% | 9.1% | 8.5% | -1.7pp | -1.1pp |
| EPS (Diluted) | $2.27 | $2.81 | $2.42 | -19.2% | -6.2% |
| Free Cash Flow | $1.8B | $1.1B | $1.5B | 62.2% | 15.2% |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $7.0B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $488M |
| Selling & Marketing | -$210M |
| General & Administrative | $1.1B |
| SG&A Expenses | $877M |
| Other Expenses | $354M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $977M |
| Interest Income | $0 |
| Interest Expense | $388M |
| Other Income/Expenses | -$151M |
| INCOME BEFORE TAX | $826M |
| Income Tax Expense | $104M |
| Net Income from Continuing Ops | $722M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $721M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $721M |
| D&A | $497M |
| EBIT | $1.2B |
| EBITDA | $1.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $7.0B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $488M |
| Selling & Marketing | -$210M |
| General & Administrative | $1.1B |
| SG&A Expenses | $877M |
| Other Expenses | $354M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $977M |
| Interest Income | $0 |
| Interest Expense | $388M |
| Other Income/Expenses | -$151M |
| INCOME BEFORE TAX | $826M |
| Income Tax Expense | $104M |
| Net Income from Continuing Ops | $722M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $721M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $721M |
| D&A | $497M |
| EBIT | $1.2B |
| EBITDA | $1.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $722M |
| Depreciation & Amortization | $497M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$133M |
| Other Non-Cash Items | $179M |
| Change in Working Capital | $1.7B |
| OPERATING CASH FLOW | $3.0B |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | $570M |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | -$105M |
| Common Stock Repurchased | -$373M |
| Common Dividends Paid | -$240M |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | -$707M |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | $474M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.9B |
| Short-Term Investments | $581M |
| Net Receivables | $38.9B |
| Inventory | $6.0B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $49.3B |
| PP&E (Net) | $13.5B |
| Goodwill | $2.9B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $215M |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $4.2B |
| TOTAL NON-CURRENT ASSETS | $23.7B |
| TOTAL ASSETS | $73.0B |
| Account Payables | $2.0B |
| Short-Term Debt | $15.1B |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $23.9B |
| Long-Term Debt | $30.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $495M |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $37.7B |
| TOTAL LIABILITIES | $61.6B |
| Common Stock | $4.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $29.9B |
| Treasury Stock | -$17.5B |
| Accum. Other Comp. Income | -$5.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.4B |
| Minority Interest | $18M |
| TOTAL EQUITY | $11.4B |
| TOTAL LIABILITIES & EQUITY | $73.0B |
| Total Debt | $45.3B |
| Net Debt | $41.5B |
