| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.0B | $1.8B | 13.3% | 29.0% |
| Op. Income | $219M | $93M | -$702M | 135.5% | 131.2% |
| Gross Margin | 19.7% | 11.1% | -33.6% | 8.6pp | 53.3pp |
| Net Margin | 9.4% | 5.1% | -21.3% | 4.3pp | 30.7pp |
| EPS (Diluted) | $5.32 | $2.56 | $-9.50 | 107.8% | 156.0% |
| Free Cash Flow | $365M | $633M | $66M | -42.3% | 449.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $456M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $227M |
| Operating Expenses | $237M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $219M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $218M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $218M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $0 |
| EBIT | $227M |
| EBITDA | $227M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $456M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $227M |
| Operating Expenses | $237M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $219M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $218M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $218M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $0 |
| EBIT | $227M |
| EBITDA | $227M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $218M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$49M |
| Change in Working Capital | $188M |
| OPERATING CASH FLOW | $365M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | -$70M |
| NET CASH FROM INVESTING | -$201M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$63M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $365M |
| Net Change in Cash | $91M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $808M |
| Short-Term Investments | $5.8B |
| Net Receivables | $4.3B |
| Inventory | $0 |
| Other Current Assets | -$11.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $18.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$18.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $27.3B |
| Account Payables | $292M |
| Short-Term Debt | $397M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$722M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $634M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$634M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $18.2B |
| Common Stock | $694.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $10.3B |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | $28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.1B |
| TOTAL LIABILITIES & EQUITY | $27.3B |
| Total Debt | $1.0B |
| Net Debt | $223M |
