| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.8B | $1.7B | -4.3% | 0.5% |
| Op. Income | $574M | $569M | $447M | 0.9% | 28.4% |
| Gross Margin | 79.4% | 82.5% | 86.9% | -3.2pp | -7.5pp |
| Net Margin | 28.0% | 26.7% | 11.4% | 1.3pp | 16.6pp |
| EPS (Diluted) | $0.45 | $0.45 | $0.17 | 0.0% | 164.7% |
| Free Cash Flow | $1.7B | $349M | $680M | 383.1% | 147.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $356M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $593M |
| SG&A Expenses | $618M |
| Other Expenses | $179M |
| Operating Expenses | $797M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $574M |
| Interest Income | $1.3B |
| Interest Expense | $297M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $574M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $482M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $484M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $466M |
| D&A | $92M |
| EBIT | $574M |
| EBITDA | $666M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $356M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $593M |
| SG&A Expenses | $618M |
| Other Expenses | $179M |
| Operating Expenses | $797M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $574M |
| Interest Income | $1.3B |
| Interest Expense | $297M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $574M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $482M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $484M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $466M |
| D&A | $92M |
| EBIT | $574M |
| EBITDA | $666M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $484M |
| Depreciation & Amortization | $92M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $1.0B |
| Change in Working Capital | $109M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.7B |
| Sales/Maturities of Investments | $3.0B |
| Other Investing Activities | -$362M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$1.3B |
| Common Stock Repurchased | -$278M |
| Common Dividends Paid | -$198M |
| Other Financing Activities | $1.5B |
| NET CASH FROM FINANCING | -$254M |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $359M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $678M |
| Short-Term Investments | $22.0B |
| Net Receivables | $4.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $27.2B |
| PP&E (Net) | $882M |
| Goodwill | $2.5B |
| Intangible Assets | $316M |
| Long-Term Investments | $98.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.0B |
| TOTAL NON-CURRENT ASSETS | $112.4B |
| TOTAL ASSETS | $139.6B |
| Account Payables | $0 |
| Short-Term Debt | $863M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $107.3B |
| TOTAL CURRENT LIABILITIES | $110.3B |
| Long-Term Debt | $13.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $692M |
| Other Non-Current Liabilities | -$11.5B |
| TOTAL NON-CURRENT LIABILITIES | $13.7B |
| TOTAL LIABILITIES | $124.0B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | $11.6B |
| Treasury Stock | -$4.2B |
| Accum. Other Comp. Income | -$818M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.6B |
| Minority Interest | $1M |
| TOTAL EQUITY | $15.6B |
| TOTAL LIABILITIES & EQUITY | $139.6B |
| Total Debt | $14.6B |
| Net Debt | $13.9B |
