| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.2B | $4.4B | 1.0% | -3.2% |
| Op. Income | $864M | $828M | $1.1B | 4.3% | -23.1% |
| Gross Margin | 66.4% | 65.9% | 68.4% | 0.5pp | -2.1pp |
| Net Margin | 15.1% | 14.7% | 20.4% | 0.4pp | -5.4pp |
| EPS (Diluted) | $1.10 | $1.06 | $1.54 | 3.8% | -28.6% |
| Free Cash Flow | $439M | $571M | $783M | -23.1% | -44.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $125M |
| SG&A Expenses | $1.4B |
| Other Expenses | $580M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $864M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $831M |
| Income Tax Expense | $195M |
| Net Income from Continuing Ops | $637M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $637M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $637M |
| D&A | $959M |
| EBIT | $872M |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $125M |
| SG&A Expenses | $1.4B |
| Other Expenses | $580M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $864M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $831M |
| Income Tax Expense | $195M |
| Net Income from Continuing Ops | $637M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $637M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $637M |
| D&A | $959M |
| EBIT | $872M |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $637M |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $123M |
| Other Non-Cash Items | $92M |
| Change in Working Capital | -$216M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$1.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $171M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$167M |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$165M |
| FREE CASH FLOW | $439M |
| Net Change in Cash | $445M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $767M |
| Other Current Assets | $325M |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $30.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $31.9B |
| TOTAL ASSETS | $37.1B |
| Account Payables | $2.4B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $253M |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.0B |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $11.0B |
| TOTAL LIABILITIES | $15.5B |
| Common Stock | $206M |
| Additional Paid-In Capital | $5.8B |
| Retained Earnings | $15.6B |
| Treasury Stock | -$27M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.6B |
| TOTAL LIABILITIES & EQUITY | $37.1B |
| Total Debt | $5.5B |
| Net Debt | $3.5B |
