| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $952M | $907M | — | 5.0% | — |
| Op. Income | $268M | $308M | — | -13.0% | — |
| Gross Margin | 69.5% | 71.4% | — | -1.9pp | — |
| Net Margin | 25.1% | 25.8% | — | -0.7pp | — |
| EPS (Diluted) | $1.61 | $1.58 | — | 2.2% | — |
| Free Cash Flow | $386M | $218M | — | 77.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $952M |
| Cost of Revenue | $290M |
| GROSS PROFIT | $662M |
| R&D Expenses | $161M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $233M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $684M |
| OPERATING INCOME | $268M |
| Interest Income | $16M |
| Interest Expense | $11M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $269M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $239M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $239M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $239M |
| D&A | $45M |
| EBIT | $280M |
| EBITDA | $325M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $952M |
| Cost of Revenue | $290M |
| GROSS PROFIT | $662M |
| R&D Expenses | $161M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $233M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $684M |
| OPERATING INCOME | $268M |
| Interest Income | $16M |
| Interest Expense | $11M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $269M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $239M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $239M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $239M |
| D&A | $45M |
| EBIT | $280M |
| EBITDA | $325M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $239M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $49M |
| Deferred Income Tax | $24M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | $443M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | -$255M |
| Sales/Maturities of Investments | $226M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$63M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$52M |
| NET CASH FROM FINANCING | -$115M |
| FREE CASH FLOW | $386M |
| Net Change in Cash | $227M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $1.4B |
| Net Receivables | $573M |
| Inventory | $359M |
| Other Current Assets | $105M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $1.4B |
| Goodwill | $824M |
| Intangible Assets | $145M |
| Long-Term Investments | $283M |
| Tax Assets | $64M |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $149M |
| Short-Term Debt | $45M |
| Deferred Revenue | $167M |
| Other Current Liabilities | $64M |
| TOTAL CURRENT LIABILITIES | $665M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $160M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $1.9B |
| Net Debt | -$161M |
