| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.2B | $5.5B | -6.6% | -46.0% |
| Op. Income | $506M | $851M | $220M | -40.6% | 129.7% |
| Gross Margin | 65.8% | 67.9% | 97.0% | -2.1pp | -31.1pp |
| Net Margin | 12.1% | 19.9% | 2.4% | -7.8pp | 9.7pp |
| EPS (Diluted) | $0.93 | $1.61 | $0.33 | -42.6% | 182.6% |
| Free Cash Flow | -$458M | $89M | $449M | -615.2% | -201.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $53M |
| General & Administrative | $975M |
| SG&A Expenses | $1.0B |
| Other Expenses | $430M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $506M |
| Interest Income | $2.4B |
| Interest Expense | $877M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $506M |
| Income Tax Expense | $144M |
| Net Income from Continuing Ops | $361M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $361M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $361M |
| D&A | $184M |
| EBIT | $506M |
| EBITDA | $690M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $53M |
| General & Administrative | $975M |
| SG&A Expenses | $1.0B |
| Other Expenses | $430M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $506M |
| Interest Income | $2.4B |
| Interest Expense | $877M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $506M |
| Income Tax Expense | $144M |
| Net Income from Continuing Ops | $361M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $361M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $361M |
| D&A | $184M |
| EBIT | $506M |
| EBITDA | $690M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $361M |
| Depreciation & Amortization | $184M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $389M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | -$139M |
| Capital Expenditure | -$319M |
| Acquisitions (Net) | $100M |
| Purchases of Investments | -$11.8B |
| Sales/Maturities of Investments | $9.2B |
| Other Investing Activities | -$298M |
| NET CASH FROM INVESTING | -$2.9B |
| Net Debt Issuance | $3.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $245M |
| NET CASH FROM FINANCING | $3.4B |
| FREE CASH FLOW | -$458M |
| Net Change in Cash | $315M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.8B |
| Short-Term Investments | $31.1B |
| Net Receivables | $5.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $51.1B |
| PP&E (Net) | $3.4B |
| Goodwill | $186M |
| Intangible Assets | $1.7B |
| Long-Term Investments | $285.7B |
| Tax Assets | $2M |
| Other Non-Current Assets | $7.9B |
| TOTAL NON-CURRENT ASSETS | $298.9B |
| TOTAL ASSETS | $350.0B |
| Account Payables | $19M |
| Short-Term Debt | $8.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $208.7B |
| TOTAL CURRENT LIABILITIES | $220.0B |
| Long-Term Debt | $49.3B |
| Deferred Revenue NC | $453M |
| Deferred Tax Liabilities | $525M |
| Other Non-Current Liabilities | $52.9B |
| TOTAL NON-CURRENT LIABILITIES | $103.6B |
| TOTAL LIABILITIES | $323.6B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $11.6B |
| Retained Earnings | $13.3B |
| Treasury Stock | -$767M |
| Accum. Other Comp. Income | $235M |
| Other Equity | $269M |
| TOTAL STOCKHOLDERS' EQUITY | $26.0B |
| Minority Interest | $395M |
| TOTAL EQUITY | $26.4B |
| TOTAL LIABILITIES & EQUITY | $350.0B |
| Total Debt | $58.5B |
| Net Debt | $43.6B |
