| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21.8B | $18.8B | $22.5B | 16.0% | -3.5% |
| Op. Income | $4.8B | $3.5B | $4.7B | 39.1% | 3.7% |
| Gross Margin | 49.1% | 46.9% | 48.2% | 2.2pp | 0.9pp |
| Net Margin | 9.0% | 14.4% | -4.7% | -5.4pp | 13.6pp |
| EPS (Diluted) | $2.15 | $2.94 | $-1.13 | -26.9% | 290.3% |
| Free Cash Flow | $3.2B | $3.3B | $4.6B | -2.8% | -31.4% |
| Item | Amount |
|---|---|
| REVENUE | $21.8B |
| Cost of Revenue | $11.1B |
| GROSS PROFIT | $10.7B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $335M |
| General & Administrative | $4.2B |
| SG&A Expenses | $4.6B |
| Other Expenses | -$78M |
| Operating Expenses | $5.9B |
| Cost & Expenses | $16.9B |
| OPERATING INCOME | $4.8B |
| Interest Income | $77M |
| Interest Expense | $193M |
| Other Income/Expenses | -$390M |
| INCOME BEFORE TAX | $4.4B |
| Income Tax Expense | $2.5B |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $6M |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $1.1B |
| EBIT | $4.6B |
| EBITDA | $5.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $21.8B |
| Cost of Revenue | $11.1B |
| GROSS PROFIT | $10.7B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $335M |
| General & Administrative | $4.2B |
| SG&A Expenses | $4.6B |
| Other Expenses | -$78M |
| Operating Expenses | $5.9B |
| Cost & Expenses | $16.9B |
| OPERATING INCOME | $4.8B |
| Interest Income | $77M |
| Interest Expense | $193M |
| Other Income/Expenses | -$390M |
| INCOME BEFORE TAX | $4.4B |
| Income Tax Expense | $2.5B |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $6M |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $1.1B |
| EBIT | $4.6B |
| EBITDA | $5.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $139M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $994M |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | $4.1B |
| Capital Expenditure | -$933M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $3.2B |
| Other Investing Activities | -$976M |
| NET CASH FROM INVESTING | $455M |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | -$2.1B |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | -$4.6B |
| FREE CASH FLOW | $3.2B |
| Net Change in Cash | -$127M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.4B |
| Short-Term Investments | $618M |
| Net Receivables | $7.9B |
| Inventory | $1.7B |
| Other Current Assets | $26.0B |
| TOTAL CURRENT ASSETS | $49.1B |
| PP&E (Net) | $10.8B |
| Goodwill | $36.3B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $226M |
| Tax Assets | $5.2B |
| Other Non-Current Assets | $18.6B |
| TOTAL NON-CURRENT ASSETS | $74.2B |
| TOTAL ASSETS | $123.4B |
| Account Payables | $6.6B |
| Short-Term Debt | $10.2B |
| Deferred Revenue | $11.2B |
| Other Current Liabilities | $3.3B |
| TOTAL CURRENT LIABILITIES | $38.2B |
| Long-Term Debt | $35.6B |
| Deferred Revenue NC | $3.4B |
| Deferred Tax Liabilities | $3.7B |
| Other Non-Current Liabilities | $25.4B |
| TOTAL NON-CURRENT LIABILITIES | $68.2B |
| TOTAL LIABILITIES | $106.5B |
| Common Stock | $55.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $159.2B |
| Treasury Stock | -$168.1B |
| Accum. Other Comp. Income | -$29.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.8B |
| Minority Interest | $134M |
| TOTAL EQUITY | $16.9B |
| TOTAL LIABILITIES & EQUITY | $123.4B |
| Total Debt | $45.8B |
| Net Debt | $34.4B |
