| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34.1B | $36.2B | $32.8B | -5.8% | 4.0% |
| Op. Income | $10.6B | $11.4B | $8.8B | -7.4% | 19.5% |
| Gross Margin | 78.9% | 76.8% | 74.9% | 2.1pp | 4.0pp |
| Net Margin | 25.0% | 25.1% | 21.5% | -0.1pp | 3.4pp |
| EPS (Diluted) | $2.57 | $2.68 | $1.98 | -4.1% | 29.8% |
| Free Cash Flow | $83.1B | $16.0B | $422M | 418.8% | 19588.4% |
| Item | Amount |
|---|---|
| REVENUE | $34.1B |
| Cost of Revenue | $7.2B |
| GROSS PROFIT | $26.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $893M |
| General & Administrative | $8.1B |
| SG&A Expenses | $9.0B |
| Other Expenses | $7.4B |
| Operating Expenses | $16.3B |
| Cost & Expenses | $23.5B |
| OPERATING INCOME | $10.6B |
| Interest Income | $19.9B |
| Interest Expense | $5.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10.6B |
| Income Tax Expense | $2.0B |
| Net Income from Continuing Ops | $8.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.1B |
| D&A | $2.1B |
| EBIT | $10.6B |
| EBITDA | $12.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $34.1B |
| Cost of Revenue | $7.2B |
| GROSS PROFIT | $26.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $893M |
| General & Administrative | $8.1B |
| SG&A Expenses | $9.0B |
| Other Expenses | $7.4B |
| Operating Expenses | $16.3B |
| Cost & Expenses | $23.5B |
| OPERATING INCOME | $10.6B |
| Interest Income | $19.9B |
| Interest Expense | $5.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10.6B |
| Income Tax Expense | $2.0B |
| Net Income from Continuing Ops | $8.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.1B |
| D&A | $2.1B |
| EBIT | $10.6B |
| EBITDA | $12.7B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $8.5B |
| Depreciation & Amortization | $2.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1.4B |
| Other Non-Cash Items | $5.1B |
| Change in Working Capital | $65.9B |
| OPERATING CASH FLOW | $83.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$43.6B |
| Sales/Maturities of Investments | $38.7B |
| Other Investing Activities | -$10.9B |
| NET CASH FROM INVESTING | -$15.8B |
| Net Debt Issuance | -$9.7B |
| Common Stock Repurchased | -$9.0B |
| Common Dividends Paid | -$3.3B |
| Other Financing Activities | -$41.9B |
| NET CASH FROM FINANCING | -$63.0B |
| FREE CASH FLOW | $83.1B |
| Net Change in Cash | $7.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $263.6B |
| Short-Term Investments | $340.4B |
| Net Receivables | $72.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $676.9B |
| PP&E (Net) | $25.8B |
| Goodwill | $47.8B |
| Intangible Assets | $5.5B |
| Long-Term Investments | $1.0T |
| Tax Assets | $0 |
| Other Non-Current Assets | $899.3B |
| TOTAL NON-CURRENT ASSETS | $2.0T |
| TOTAL ASSETS | $2.7T |
| Account Payables | $118.4B |
| Short-Term Debt | $224.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6T |
| TOTAL CURRENT LIABILITIES | $2.1T |
| Long-Term Debt | $291.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24.2B |
| TOTAL NON-CURRENT LIABILITIES | $315.7B |
| TOTAL LIABILITIES | $2.4T |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $88.5B |
| Retained Earnings | $223.2B |
| Treasury Stock | -$83.0B |
| Accum. Other Comp. Income | $1.6B |
| Other Equity | -$21M |
| TOTAL STOCKHOLDERS' EQUITY | $261.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $261.3B |
| TOTAL LIABILITIES & EQUITY | $2.7T |
| Total Debt | $516.1B |
| Net Debt | $252.5B |
