| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $3.0B | — | 86.1% | — |
| Op. Income | $221M | $899M | — | -75.5% | — |
| Gross Margin | 97.0% | 67.9% | — | 29.1pp | — |
| Net Margin | 2.4% | 21.7% | — | -19.3pp | — |
| EPS (Diluted) | $0.33 | $1.62 | — | -79.7% | — |
| Free Cash Flow | $450M | -$795M | — | 156.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $166M |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $529M |
| SG&A Expenses | $676M |
| Other Expenses | $4.5B |
| Operating Expenses | $5.1B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $221M |
| Interest Income | $4.8B |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | $90M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $122M |
| EBIT | $221M |
| EBITDA | $343M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $166M |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $529M |
| SG&A Expenses | $676M |
| Other Expenses | $4.5B |
| Operating Expenses | $5.1B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $221M |
| Interest Income | $4.8B |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | $90M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $122M |
| EBIT | $221M |
| EBITDA | $343M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $130M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $498M |
| Change in Working Capital | -$136M |
| OPERATING CASH FLOW | $613M |
| Capital Expenditure | -$163M |
| Acquisitions (Net) | -$45M |
| Purchases of Investments | -$15.1B |
| Sales/Maturities of Investments | $12.7B |
| Other Investing Activities | -$264M |
| NET CASH FROM INVESTING | -$2.8B |
| Net Debt Issuance | $2.1B |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $494M |
| NET CASH FROM FINANCING | $2.5B |
| FREE CASH FLOW | $450M |
| Net Change in Cash | $269M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.5B |
| Short-Term Investments | $0 |
| Net Receivables | $4.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19.0B |
| PP&E (Net) | $2.9B |
| Goodwill | $186M |
| Intangible Assets | $1.7B |
| Long-Term Investments | $294.3B |
| Tax Assets | $3M |
| Other Non-Current Assets | $6.4B |
| TOTAL NON-CURRENT ASSETS | $305.5B |
| TOTAL ASSETS | $324.6B |
| Account Payables | $17M |
| Short-Term Debt | $8.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $198.1B |
| TOTAL CURRENT LIABILITIES | $209.5B |
| Long-Term Debt | $49.2B |
| Deferred Revenue NC | $383M |
| Deferred Tax Liabilities | $333M |
| Other Non-Current Liabilities | $41.0B |
| TOTAL NON-CURRENT LIABILITIES | $90.9B |
| TOTAL LIABILITIES | $300.4B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $11.6B |
| Retained Earnings | $11.7B |
| Treasury Stock | -$655M |
| Accum. Other Comp. Income | $120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.2B |
| Minority Interest | $6M |
| TOTAL EQUITY | $24.2B |
| TOTAL LIABILITIES & EQUITY | $324.6B |
| Total Debt | $58.0B |
| Net Debt | $43.5B |
