| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.7B | $20.7B | $20.4B | 0.1% | 1.7% |
| Op. Income | $4.3B | $5.9B | $4.2B | -26.3% | 2.9% |
| Gross Margin | 65.6% | 66.9% | 65.9% | -1.3pp | -0.3pp |
| Net Margin | 19.3% | 8.5% | 14.9% | 10.9pp | 4.4pp |
| EPS (Diluted) | $1.50 | $1.81 | $1.12 | -17.1% | 33.9% |
| Free Cash Flow | $5.1B | $6.8B | $4.9B | -24.2% | 4.3% |
| Item | Amount |
|---|---|
| REVENUE | $20.7B |
| Cost of Revenue | $7.1B |
| GROSS PROFIT | $13.6B |
| R&D Expenses | $3.2B |
| Selling & Marketing | $0 |
| General & Administrative | $6.0B |
| SG&A Expenses | $6.0B |
| Other Expenses | $0 |
| Operating Expenses | $9.3B |
| Cost & Expenses | $16.4B |
| OPERATING INCOME | $4.3B |
| Interest Income | $81M |
| Interest Expense | $85M |
| Other Income/Expenses | -$124M |
| INCOME BEFORE TAX | $4.2B |
| Income Tax Expense | $208M |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.0B |
| D&A | $1.8B |
| EBIT | $4.3B |
| EBITDA | $6.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $20.7B |
| Cost of Revenue | $7.1B |
| GROSS PROFIT | $13.6B |
| R&D Expenses | $3.2B |
| Selling & Marketing | $0 |
| General & Administrative | $6.0B |
| SG&A Expenses | $6.0B |
| Other Expenses | $0 |
| Operating Expenses | $9.3B |
| Cost & Expenses | $16.4B |
| OPERATING INCOME | $4.3B |
| Interest Income | $81M |
| Interest Expense | $85M |
| Other Income/Expenses | -$124M |
| INCOME BEFORE TAX | $4.2B |
| Income Tax Expense | $208M |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.0B |
| D&A | $1.8B |
| EBIT | $4.3B |
| EBITDA | $6.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.0B |
| Depreciation & Amortization | $1.8B |
| Stock-Based Compensation | $160M |
| Deferred Income Tax | -$350M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | $719M |
| OPERATING CASH FLOW | $6.4B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | -$248M |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | $134M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | -$1.9B |
| Common Stock Repurchased | -$426M |
| Common Dividends Paid | -$2.5B |
| Other Financing Activities | $789M |
| NET CASH FROM FINANCING | -$4.1B |
| FREE CASH FLOW | $5.1B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17.3B |
| Short-Term Investments | $2.0B |
| Net Receivables | $14.5B |
| Inventory | $9.0B |
| Other Current Assets | $94M |
| TOTAL CURRENT ASSETS | $45.3B |
| PP&E (Net) | $17.7B |
| Goodwill | $33.6B |
| Intangible Assets | $47.6B |
| Long-Term Investments | $0 |
| Tax Assets | $7.8B |
| Other Non-Current Assets | $5.7B |
| TOTAL NON-CURRENT ASSETS | $112.5B |
| TOTAL ASSETS | $157.7B |
| Account Payables | $8.5B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $36.0B |
| Long-Term Debt | $26.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.0B |
| Other Non-Current Liabilities | $29.8B |
| TOTAL NON-CURRENT LIABILITIES | $62.3B |
| TOTAL LIABILITIES | $98.3B |
| Common Stock | $3.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $110.7B |
| Treasury Stock | -$38.4B |
| Accum. Other Comp. Income | -$15.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $59.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $59.5B |
| TOTAL LIABILITIES & EQUITY | $157.7B |
| Total Debt | $27.7B |
| Net Debt | $10.4B |
