| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.4B | $20.3B | $20.2B | 0.2% | 1.0% |
| Op. Income | $4.2B | $5.7B | $3.3B | -26.1% | 28.1% |
| Gross Margin | 65.9% | 67.6% | 64.1% | -1.8pp | 1.7pp |
| Net Margin | 14.9% | 19.3% | -53.0% | -4.4pp | 68.0pp |
| EPS (Diluted) | $1.12 | $1.44 | $-3.99 | -22.2% | 128.1% |
| Free Cash Flow | $4.9B | $5.5B | $4.9B | -9.7% | 1.3% |
| Item | Amount |
|---|---|
| REVENUE | $20.4B |
| Cost of Revenue | $7.0B |
| GROSS PROFIT | $13.4B |
| R&D Expenses | $3.2B |
| Selling & Marketing | $0 |
| General & Administrative | $6.0B |
| SG&A Expenses | $6.0B |
| Other Expenses | $0 |
| Operating Expenses | $9.2B |
| Cost & Expenses | $16.2B |
| OPERATING INCOME | $4.2B |
| Interest Income | $196M |
| Interest Expense | $250M |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $1.7B |
| EBIT | $3.4B |
| EBITDA | $5.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $20.4B |
| Cost of Revenue | $7.0B |
| GROSS PROFIT | $13.4B |
| R&D Expenses | $3.2B |
| Selling & Marketing | $0 |
| General & Administrative | $6.0B |
| SG&A Expenses | $6.0B |
| Other Expenses | $0 |
| Operating Expenses | $9.2B |
| Cost & Expenses | $16.2B |
| OPERATING INCOME | $4.2B |
| Interest Income | $196M |
| Interest Expense | $250M |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $1.7B |
| EBIT | $3.4B |
| EBITDA | $5.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.0B |
| Depreciation & Amortization | $1.7B |
| Stock-Based Compensation | $156M |
| Deferred Income Tax | -$1.1B |
| Other Non-Cash Items | -$770M |
| Change in Working Capital | $3.1B |
| OPERATING CASH FLOW | $6.2B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $3.1B |
| Other Investing Activities | $1.9B |
| NET CASH FROM INVESTING | $2.2B |
| Net Debt Issuance | -$720M |
| Common Stock Repurchased | -$3.8B |
| Common Dividends Paid | -$2.4B |
| Other Financing Activities | $550M |
| NET CASH FROM FINANCING | -$6.4B |
| FREE CASH FLOW | $4.9B |
| Net Change in Cash | $2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18.1B |
| Short-Term Investments | $1.6B |
| Net Receivables | $14.1B |
| Inventory | $8.6B |
| Other Current Assets | $950M |
| TOTAL CURRENT ASSETS | $46.0B |
| PP&E (Net) | $17.0B |
| Goodwill | $30.5B |
| Intangible Assets | $47.6B |
| Long-Term Investments | $0 |
| Tax Assets | $7.6B |
| Other Non-Current Assets | $4.2B |
| TOTAL NON-CURRENT ASSETS | $106.9B |
| TOTAL ASSETS | $153.0B |
| Account Payables | $7.5B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $818M |
| TOTAL CURRENT LIABILITIES | $31.2B |
| Long-Term Debt | $27.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.5B |
| Other Non-Current Liabilities | $26.8B |
| TOTAL NON-CURRENT LIABILITIES | $62.0B |
| TOTAL LIABILITIES | $93.2B |
| Common Stock | $3.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $106.2B |
| Treasury Stock | -$34.4B |
| Accum. Other Comp. Income | -$15.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $59.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $59.8B |
| TOTAL LIABILITIES & EQUITY | $153.0B |
| Total Debt | $30.5B |
| Net Debt | $12.4B |
