| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26.5B | $26.3B | $23.9B | 0.7% | 10.9% |
| Op. Income | $3.4B | $3.9B | $3.2B | -12.7% | 5.9% |
| Gross Margin | 34.1% | 34.8% | 33.9% | -0.7pp | 0.2pp |
| Net Margin | 8.8% | 10.9% | 7.4% | -2.1pp | 1.4pp |
| EPS (Diluted) | $2.09 | $2.51 | $1.52 | -16.7% | 37.5% |
| Free Cash Flow | $2.3B | $1.5B | $1.7B | 50.5% | 30.0% |
| Item | Amount |
|---|---|
| REVENUE | $26.5B |
| Cost of Revenue | $17.5B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $921M |
| General & Administrative | $4.0B |
| SG&A Expenses | $4.9B |
| Other Expenses | $727M |
| Operating Expenses | $5.6B |
| Cost & Expenses | $23.1B |
| OPERATING INCOME | $3.4B |
| Interest Income | $20M |
| Interest Expense | $269M |
| Other Income/Expenses | -$265M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $769M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $549M |
| EBIT | $3.4B |
| EBITDA | $3.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $26.5B |
| Cost of Revenue | $17.5B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $921M |
| General & Administrative | $4.0B |
| SG&A Expenses | $4.9B |
| Other Expenses | $727M |
| Operating Expenses | $5.6B |
| Cost & Expenses | $23.1B |
| OPERATING INCOME | $3.4B |
| Interest Income | $20M |
| Interest Expense | $269M |
| Other Income/Expenses | -$265M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $769M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $549M |
| EBIT | $3.4B |
| EBITDA | $3.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $549M |
| Stock-Based Compensation | $78M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $144M |
| Change in Working Capital | -$113M |
| OPERATING CASH FLOW | $3.0B |
| Capital Expenditure | -$731M |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $29M |
| NET CASH FROM INVESTING | -$723M |
| Net Debt Issuance | $3.4B |
| Common Stock Repurchased | -$4.4B |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $13.9B |
| Other Current Assets | $890M |
| TOTAL CURRENT ASSETS | $18.5B |
| PP&E (Net) | $22.4B |
| Goodwill | $2.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $847M |
| TOTAL NON-CURRENT ASSETS | $25.5B |
| TOTAL ASSETS | $44.0B |
| Account Payables | $7.8B |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $16.7B |
| Long-Term Debt | $26.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $491M |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $29.2B |
| TOTAL LIABILITIES | $45.9B |
| Common Stock | $89M |
| Additional Paid-In Capital | $10.6B |
| Retained Earnings | $46.4B |
| Treasury Stock | -$58.2B |
| Accum. Other Comp. Income | -$772M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.9B |
| TOTAL LIABILITIES & EQUITY | $44.0B |
| Total Debt | $29.2B |
| Net Debt | $27.4B |
