| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.4B | $10.4B | $9.4B | 9.5% | 20.7% |
| Op. Income | $803M | $843M | $378M | -4.7% | 112.8% |
| Gross Margin | 16.1% | 17.2% | 13.9% | -1.0pp | 2.2pp |
| Net Margin | 4.3% | 0.7% | 1.2% | 3.6pp | 3.1pp |
| EPS (Diluted) | $0.18 | $0.03 | $0.04 | 600.0% | 313.6% |
| Free Cash Flow | $637M | $756M | $275M | -15.7% | 131.5% |
| Item | Amount |
|---|---|
| REVENUE | $11.4B |
| Cost of Revenue | $9.6B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $618M |
| General & Administrative | $411M |
| SG&A Expenses | $1.0B |
| Other Expenses | $6M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $803M |
| Interest Income | $0 |
| Interest Expense | $209M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $753M |
| Income Tax Expense | $252M |
| Net Income from Continuing Ops | $501M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $486M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $486M |
| D&A | $70M |
| EBIT | $754M |
| EBITDA | $824M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $11.4B |
| Cost of Revenue | $9.6B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $618M |
| General & Administrative | $411M |
| SG&A Expenses | $1.0B |
| Other Expenses | $6M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $803M |
| Interest Income | $0 |
| Interest Expense | $209M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $753M |
| Income Tax Expense | $252M |
| Net Income from Continuing Ops | $501M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $486M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $486M |
| D&A | $70M |
| EBIT | $754M |
| EBITDA | $824M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $486M |
| Depreciation & Amortization | $314M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $400M |
| Change in Working Capital | -$310M |
| OPERATING CASH FLOW | $892M |
| Capital Expenditure | -$255M |
| Acquisitions (Net) | -$402M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$653M |
| Net Debt Issuance | $215M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $218M |
| FREE CASH FLOW | $637M |
| Net Change in Cash | $443M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $3.5B |
| Other Current Assets | $679M |
| TOTAL CURRENT ASSETS | $8.4B |
| PP&E (Net) | $8.8B |
| Goodwill | $4.9B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $16.8B |
| TOTAL ASSETS | $25.2B |
| Account Payables | $3.1B |
| Short-Term Debt | $815M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $672M |
| TOTAL CURRENT LIABILITIES | $5.7B |
| Long-Term Debt | $10.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $13.0B |
| TOTAL LIABILITIES | $18.7B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $42M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$121M |
| Accum. Other Comp. Income | $246M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $567M |
| TOTAL EQUITY | $6.5B |
| TOTAL LIABILITIES & EQUITY | $25.2B |
| Total Debt | $11.9B |
| Net Debt | $9.9B |
