| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.2B | 2.7% | 12.6% |
| Op. Income | $391M | $440M | $412M | -11.1% | -5.0% |
| Gross Margin | 79.6% | 80.9% | 84.6% | -1.3pp | -5.1pp |
| Net Margin | 24.1% | 28.0% | 35.1% | -3.9pp | -11.0pp |
| EPS (Diluted) | $0.29 | $0.33 | $0.37 | -12.1% | -21.6% |
| Free Cash Flow | $534M | $518M | $798M | 3.1% | -33.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $283M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $408M |
| SG&A Expenses | $423M |
| Other Expenses | $288M |
| Operating Expenses | $711M |
| Cost & Expenses | $994M |
| OPERATING INCOME | $391M |
| Interest Income | $1.1B |
| Interest Expense | $223M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $391M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $334M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $334M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $315M |
| D&A | $143M |
| EBIT | $391M |
| EBITDA | $534M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $283M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $408M |
| SG&A Expenses | $423M |
| Other Expenses | $288M |
| Operating Expenses | $711M |
| Cost & Expenses | $994M |
| OPERATING INCOME | $391M |
| Interest Income | $1.1B |
| Interest Expense | $223M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $391M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $334M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $334M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $315M |
| D&A | $143M |
| EBIT | $391M |
| EBITDA | $534M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $334M |
| Depreciation & Amortization | $143M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$62M |
| Other Non-Cash Items | $79M |
| Change in Working Capital | $69M |
| OPERATING CASH FLOW | $582M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.7B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | -$1.7B |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | -$187M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$152M |
| Other Financing Activities | $3.0B |
| NET CASH FROM FINANCING | $2.5B |
| FREE CASH FLOW | $534M |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $185M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $790M |
| Goodwill | $2.0B |
| Intangible Assets | $535M |
| Long-Term Investments | $97.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.4B |
| TOTAL NON-CURRENT ASSETS | $105.9B |
| TOTAL ASSETS | $108.8B |
| Account Payables | $0 |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $84.8B |
| TOTAL CURRENT LIABILITIES | $86.8B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $10.9B |
| TOTAL LIABILITIES | $97.7B |
| Common Stock | $11M |
| Additional Paid-In Capital | $9.2B |
| Retained Earnings | $1.4B |
| Treasury Stock | -$45M |
| Accum. Other Comp. Income | -$609M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.1B |
| TOTAL LIABILITIES & EQUITY | $108.8B |
| Total Debt | $10.6B |
| Net Debt | $7.9B |
