| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.8B | $27.2B | $26.5B | -5.3% | -2.7% |
| Op. Income | $3.4B | $3.9B | $3.4B | -13.8% | 0.7% |
| Gross Margin | 33.9% | 34.5% | 34.1% | -0.6pp | -0.2pp |
| Net Margin | 9.6% | 10.2% | 8.8% | -0.5pp | 0.8pp |
| EPS (Diluted) | $2.28 | $2.53 | $2.09 | -9.9% | 9.1% |
| Free Cash Flow | $2.3B | $1.6B | $2.3B | 41.6% | 0.0% |
| Item | Amount |
|---|---|
| REVENUE | $25.8B |
| Cost of Revenue | $17.0B |
| GROSS PROFIT | $8.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $904M |
| General & Administrative | $3.9B |
| SG&A Expenses | $4.8B |
| Other Expenses | $519M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $22.4B |
| OPERATING INCOME | $3.4B |
| Interest Income | $17M |
| Interest Expense | $309M |
| Other Income/Expenses | -$292M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $630M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $595M |
| EBIT | $3.4B |
| EBITDA | $4.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $25.8B |
| Cost of Revenue | $17.0B |
| GROSS PROFIT | $8.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $904M |
| General & Administrative | $3.9B |
| SG&A Expenses | $4.8B |
| Other Expenses | $519M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $22.4B |
| OPERATING INCOME | $3.4B |
| Interest Income | $17M |
| Interest Expense | $309M |
| Other Income/Expenses | -$292M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $630M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $595M |
| EBIT | $3.4B |
| EBITDA | $4.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.5B |
| Depreciation & Amortization | $595M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | $95M |
| Other Non-Cash Items | -$82M |
| Change in Working Capital | -$84M |
| OPERATING CASH FLOW | $3.1B |
| Capital Expenditure | -$787M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$773M |
| Net Debt Issuance | $2.3B |
| Common Stock Repurchased | -$3.1B |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | -$90M |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | -$60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $14.5B |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $19.8B |
| PP&E (Net) | $28.4B |
| Goodwill | $2.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $139M |
| Other Non-Current Assets | $668M |
| TOTAL NON-CURRENT ASSETS | $31.4B |
| TOTAL ASSETS | $51.2B |
| Account Payables | $7.8B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $2.1B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18.4B |
| Long-Term Debt | $28.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $706M |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $36.0B |
| TOTAL LIABILITIES | $54.4B |
| Common Stock | $89M |
| Additional Paid-In Capital | $11.0B |
| Retained Earnings | $51.7B |
| Treasury Stock | -$65.2B |
| Accum. Other Comp. Income | -$739M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3.1B |
| TOTAL LIABILITIES & EQUITY | $51.2B |
| Total Debt | $37.4B |
| Net Debt | $35.2B |
