| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.1B | $1.1B | 14.7% | 17.6% |
| Op. Income | $269M | $243M | $424M | 10.5% | -36.5% |
| Gross Margin | 52.9% | 55.6% | 64.7% | -2.7pp | -11.8pp |
| Net Margin | 17.3% | 17.6% | 32.6% | -0.3pp | -15.3pp |
| EPS (Diluted) | $1.35 | $1.23 | $2.22 | 9.8% | -39.2% |
| Free Cash Flow | $270M | $138M | $351M | 95.9% | -23.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $593M |
| GROSS PROFIT | $666M |
| R&D Expenses | $207M |
| Selling & Marketing | $0 |
| General & Administrative | $190M |
| SG&A Expenses | $190M |
| Other Expenses | $0 |
| Operating Expenses | $397M |
| Cost & Expenses | $990M |
| OPERATING INCOME | $269M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $218M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $218M |
| D&A | $128M |
| EBIT | $272M |
| EBITDA | $400M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $593M |
| GROSS PROFIT | $666M |
| R&D Expenses | $207M |
| Selling & Marketing | $0 |
| General & Administrative | $190M |
| SG&A Expenses | $190M |
| Other Expenses | $0 |
| Operating Expenses | $397M |
| Cost & Expenses | $990M |
| OPERATING INCOME | $269M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $218M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $218M |
| D&A | $128M |
| EBIT | $272M |
| EBITDA | $400M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $217M |
| Depreciation & Amortization | $128M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$28M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $325M |
| Capital Expenditure | -$56M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$97M |
| Sales/Maturities of Investments | $184M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$345M |
| Common Dividends Paid | -$121M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$432M |
| FREE CASH FLOW | $270M |
| Net Change in Cash | -$76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $723M |
| Net Receivables | $1.1B |
| Inventory | $1.3B |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $449M |
| Goodwill | $2.2B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $206M |
| Other Non-Current Assets | $266M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $202M |
| Short-Term Debt | $250M |
| Deferred Revenue | $623M |
| Other Current Liabilities | $435M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $99M |
| Deferred Tax Liabilities | $702M |
| Other Non-Current Liabilities | $588M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $6.3B |
| Common Stock | $159.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $715M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$73M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $19M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $3.4B |
| Net Debt | $2.4B |
