| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.2B | $14.2B | $13.2B | -0.3% | 7.4% |
| Op. Income | $438M | $910M | $577M | -51.9% | -24.1% |
| Gross Margin | 19.5% | 21.1% | — | -1.5pp | — |
| Net Margin | 2.5% | 4.5% | 1.4% | -2.0pp | 1.1pp |
| EPS (Diluted) | $2.58 | $4.65 | $1.29 | -44.5% | 100.0% |
| Free Cash Flow | -$509M | -$1.2B | -$3.1B | 58.2% | 83.4% |
| Item | Amount |
|---|---|
| REVENUE | $14.2B |
| Cost of Revenue | $11.4B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.3B |
| Operating Expenses | $2.3B |
| Cost & Expenses | $13.7B |
| OPERATING INCOME | $438M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $438M |
| Income Tax Expense | $83M |
| Net Income from Continuing Ops | $355M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $355M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $355M |
| D&A | $134M |
| EBIT | $497M |
| EBITDA | $631M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $14.2B |
| Cost of Revenue | $11.4B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.3B |
| Operating Expenses | $2.3B |
| Cost & Expenses | $13.7B |
| OPERATING INCOME | $438M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $438M |
| Income Tax Expense | $83M |
| Net Income from Continuing Ops | $355M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $355M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $355M |
| D&A | $134M |
| EBIT | $497M |
| EBITDA | $631M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $355M |
| Depreciation & Amortization | $134M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $29M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$891M |
| OPERATING CASH FLOW | -$333M |
| Capital Expenditure | -$176M |
| Acquisitions (Net) | $1.9B |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | -$1.9B |
| NET CASH FROM INVESTING | -$447M |
| Net Debt Issuance | $867M |
| Common Stock Repurchased | -$796M |
| Common Dividends Paid | -$70M |
| Other Financing Activities | -$1.0B |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | -$509M |
| Net Change in Cash | -$1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.9B |
| Intangible Assets | $245M |
| Long-Term Investments | $11.5B |
| Tax Assets | $245M |
| Other Non-Current Assets | $4.4B |
| TOTAL NON-CURRENT ASSETS | $22.0B |
| TOTAL ASSETS | $25.3B |
| Account Payables | $4.5B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $283M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $330M |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $8.7B |
| TOTAL LIABILITIES | $15.2B |
| Common Stock | $33M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $15.1B |
| Treasury Stock | -$7.3B |
| Accum. Other Comp. Income | -$159M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.2B |
| TOTAL LIABILITIES & EQUITY | $25.3B |
| Total Debt | $6.1B |
| Net Debt | $3.7B |
