| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32.8B | $32.8B | $28.1B | 0.0% | 16.6% |
| Op. Income | $8.8B | $10.7B | $8.3B | -17.3% | 7.1% |
| Gross Margin | 74.9% | 80.2% | 81.2% | -5.3pp | -6.3pp |
| Net Margin | 21.5% | 25.6% | 15.1% | -4.0pp | 6.5pp |
| EPS (Diluted) | $1.98 | $2.34 | $1.08 | -15.4% | 83.3% |
| Free Cash Flow | $422M | $27.5B | $13.5B | -98.5% | -96.9% |
| Item | Amount |
|---|---|
| REVENUE | $32.8B |
| Cost of Revenue | $8.2B |
| GROSS PROFIT | $24.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $894M |
| General & Administrative | $7.8B |
| SG&A Expenses | $8.7B |
| Other Expenses | $7.0B |
| Operating Expenses | $15.7B |
| Cost & Expenses | $24.0B |
| OPERATING INCOME | $8.8B |
| Interest Income | $21.0B |
| Interest Expense | $6.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.8B |
| Income Tax Expense | $1.8B |
| Net Income from Continuing Ops | $7.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.6B |
| D&A | $2.1B |
| EBIT | $8.8B |
| EBITDA | $10.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $32.8B |
| Cost of Revenue | $8.2B |
| GROSS PROFIT | $24.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $894M |
| General & Administrative | $7.8B |
| SG&A Expenses | $8.7B |
| Other Expenses | $7.0B |
| Operating Expenses | $15.7B |
| Cost & Expenses | $24.0B |
| OPERATING INCOME | $8.8B |
| Interest Income | $21.0B |
| Interest Expense | $6.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.8B |
| Income Tax Expense | $1.8B |
| Net Income from Continuing Ops | $7.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.6B |
| D&A | $2.1B |
| EBIT | $8.8B |
| EBITDA | $10.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $7.1B |
| Depreciation & Amortization | $2.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2.0B |
| Other Non-Cash Items | -$5.7B |
| Change in Working Capital | -$5.1B |
| OPERATING CASH FLOW | $422M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49.3B |
| Sales/Maturities of Investments | $20.2B |
| Other Investing Activities | -$129.1B |
| NET CASH FROM INVESTING | -$158.2B |
| Net Debt Issuance | $15.6B |
| Common Stock Repurchased | -$7.6B |
| Common Dividends Paid | -$3.1B |
| Other Financing Activities | $12.9B |
| NET CASH FROM FINANCING | $17.8B |
| FREE CASH FLOW | $422M |
| Net Change in Cash | -$140.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $278.8B |
| Short-Term Investments | $230.4B |
| Net Receivables | $73.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $582.4B |
| PP&E (Net) | $14.9B |
| Goodwill | $47.5B |
| Intangible Assets | $6.9B |
| Long-Term Investments | $1.0T |
| Tax Assets | $0 |
| Other Non-Current Assets | $968.3B |
| TOTAL NON-CURRENT ASSETS | $2.0T |
| TOTAL ASSETS | $2.6T |
| Account Payables | $114.8B |
| Short-Term Debt | $251.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6T |
| TOTAL CURRENT LIABILITIES | $2.1T |
| Long-Term Debt | $282.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26.0B |
| TOTAL NON-CURRENT LIABILITIES | $308.1B |
| TOTAL LIABILITIES | $2.4T |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $89.2B |
| Retained Earnings | $199.2B |
| Treasury Stock | -$60.5B |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | -$21M |
| TOTAL STOCKHOLDERS' EQUITY | $256.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $256.5B |
| TOTAL LIABILITIES & EQUITY | $2.6T |
| Total Debt | $533.6B |
| Net Debt | $254.8B |
