| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $3.3B | $4.2B | 20.1% | -4.9% |
| Op. Income | $447M | $396M | $395M | 12.9% | 13.3% |
| Gross Margin | 37.0% | 36.6% | 34.4% | 0.5pp | 2.6pp |
| Net Margin | 13.8% | 15.4% | 8.5% | -1.6pp | 5.3pp |
| EPS (Diluted) | $0.43 | $0.40 | $0.28 | 8.0% | 54.2% |
| Free Cash Flow | $1.0B | $348M | $959M | 190.7% | 5.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $130M |
| General & Administrative | $733M |
| SG&A Expenses | $863M |
| Other Expenses | $163M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $447M |
| Interest Income | $395M |
| Interest Expense | $163M |
| Other Income/Expenses | $184M |
| INCOME BEFORE TAX | $631M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $552M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $549M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $549M |
| D&A | $487M |
| EBIT | $627M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $130M |
| General & Administrative | $733M |
| SG&A Expenses | $863M |
| Other Expenses | $163M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $447M |
| Interest Income | $395M |
| Interest Expense | $163M |
| Other Income/Expenses | $184M |
| INCOME BEFORE TAX | $631M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $552M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $549M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $549M |
| D&A | $487M |
| EBIT | $627M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $549M |
| Depreciation & Amortization | $487M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$426M |
| Change in Working Capital | $471M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$69M |
| Acquisitions (Net) | $289M |
| Purchases of Investments | -$2.4B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$600M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$707M |
| Common Stock Repurchased | -$6.3K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $255M |
| NET CASH FROM FINANCING | -$452M |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | -$324M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.3B |
| Short-Term Investments | $0 |
| Net Receivables | $29.4B |
| Inventory | $726M |
| Other Current Assets | $943M |
| TOTAL CURRENT ASSETS | $38.4B |
| PP&E (Net) | $3.4B |
| Goodwill | $2.7B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $15.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.6B |
| TOTAL NON-CURRENT ASSETS | $38.0B |
| TOTAL ASSETS | $76.4B |
| Account Payables | $1.8B |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $317M |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $26.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27.3B |
| TOTAL NON-CURRENT LIABILITIES | $53.6B |
| TOTAL LIABILITIES | $57.8B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $16.0B |
| Treasury Stock | -$476M |
| Accum. Other Comp. Income | -$385M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.2B |
| Minority Interest | $413M |
| TOTAL EQUITY | $18.6B |
| TOTAL LIABILITIES & EQUITY | $76.4B |
| Total Debt | $28.3B |
| Net Debt | $21.0B |
