| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.8B | $12.8B | $13.0B | 8.0% | 6.0% |
| Op. Income | $2.3B | $2.4B | $2.7B | -3.9% | -14.3% |
| Gross Margin | 69.6% | 62.9% | 65.6% | 6.7pp | 4.0pp |
| Net Margin | 13.9% | 14.7% | 19.5% | -0.8pp | -5.6pp |
| EPS (Diluted) | $4.69 | $5.01 | $6.04 | -6.4% | -22.4% |
| Free Cash Flow | $49.3B | $5.9B | $16.1B | 742.1% | 206.9% |
| Item | Amount |
|---|---|
| REVENUE | $13.8B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $9.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $200M |
| General & Administrative | $3.0B |
| SG&A Expenses | $3.2B |
| Other Expenses | $4.0B |
| Operating Expenses | $7.3B |
| Cost & Expenses | $11.5B |
| OPERATING INCOME | $2.3B |
| Interest Income | $4.9B |
| Interest Expense | $3.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $404M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $464M |
| EBIT | $2.3B |
| EBITDA | $2.8B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $13.8B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $9.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $200M |
| General & Administrative | $3.0B |
| SG&A Expenses | $3.2B |
| Other Expenses | $4.0B |
| Operating Expenses | $7.3B |
| Cost & Expenses | $11.5B |
| OPERATING INCOME | $2.3B |
| Interest Income | $4.9B |
| Interest Expense | $3.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $404M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $464M |
| EBIT | $2.3B |
| EBITDA | $2.8B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $464M |
| Stock-Based Compensation | $166M |
| Deferred Income Tax | -$334M |
| Other Non-Cash Items | $11.3B |
| Change in Working Capital | $37.9B |
| OPERATING CASH FLOW | $51.4B |
| Capital Expenditure | -$2.0B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10.2B |
| Sales/Maturities of Investments | $9.5B |
| Other Investing Activities | -$2.1B |
| NET CASH FROM INVESTING | -$4.8B |
| Net Debt Issuance | -$12.8B |
| Common Stock Repurchased | -$2.8B |
| Common Dividends Paid | -$644M |
| Other Financing Activities | $8.5B |
| NET CASH FROM FINANCING | -$7.1B |
| FREE CASH FLOW | $49.3B |
| Net Change in Cash | $39.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133.5B |
| Short-Term Investments | $395.8B |
| Net Receivables | $80.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $609.8B |
| PP&E (Net) | $24.2B |
| Goodwill | $4.2B |
| Intangible Assets | $641M |
| Long-Term Investments | $219.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $134.6B |
| TOTAL NON-CURRENT ASSETS | $383.2B |
| TOTAL ASSETS | $993.0B |
| Account Payables | $174.8B |
| Short-Term Debt | $173.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $255.1B |
| TOTAL CURRENT LIABILITIES | $610.9B |
| Long-Term Debt | $219.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $70.4B |
| TOTAL NON-CURRENT LIABILITIES | $291.8B |
| TOTAL LIABILITIES | $902.7B |
| Common Stock | $9M |
| Additional Paid-In Capital | $54.9B |
| Retained Earnings | $106.5B |
| Treasury Stock | -$84.0B |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $3.2B |
| TOTAL STOCKHOLDERS' EQUITY | $90.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $90.3B |
| TOTAL LIABILITIES & EQUITY | $993.0B |
| Total Debt | $394.8B |
| Net Debt | $261.2B |
