| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $699M | $638M | $690M | 9.6% | 1.3% |
| Op. Income | $156M | $139M | $359M | 12.7% | -56.4% |
| Gross Margin | 50.0% | 46.1% | 45.7% | 3.9pp | 4.3pp |
| Net Margin | 16.2% | 16.8% | -12.1% | -0.6pp | 28.3pp |
| EPS (Diluted) | $0.89 | $0.82 | $-0.70 | 8.5% | 227.1% |
| Free Cash Flow | $397M | $219M | $325M | 81.1% | 22.2% |
| Item | Amount |
|---|---|
| REVENUE | $699M |
| Cost of Revenue | $350M |
| GROSS PROFIT | $350M |
| R&D Expenses | $0 |
| Selling & Marketing | $33M |
| General & Administrative | $81M |
| SG&A Expenses | $114M |
| Other Expenses | $79M |
| Operating Expenses | $193M |
| Cost & Expenses | $543M |
| OPERATING INCOME | $156M |
| Interest Income | $5M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $6M |
| EBIT | $173M |
| EBITDA | $180M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $699M |
| Cost of Revenue | $350M |
| GROSS PROFIT | $350M |
| R&D Expenses | $0 |
| Selling & Marketing | $33M |
| General & Administrative | $81M |
| SG&A Expenses | $114M |
| Other Expenses | $79M |
| Operating Expenses | $193M |
| Cost & Expenses | $543M |
| OPERATING INCOME | $156M |
| Interest Income | $5M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $6M |
| EBIT | $173M |
| EBITDA | $180M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $86M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $199M |
| OPERATING CASH FLOW | $408M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$11.0K |
| Common Stock Repurchased | -$246M |
| Common Dividends Paid | -$52M |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | -$270M |
| FREE CASH FLOW | $397M |
| Net Change in Cash | $106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $1.0B |
| Net Receivables | $721M |
| Inventory | -$143M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $213M |
| Goodwill | $372M |
| Intangible Assets | $4M |
| Long-Term Investments | $575M |
| Tax Assets | $598M |
| Other Non-Current Assets | $259M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $81M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $81M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $704M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $751M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$757M |
| Accum. Other Comp. Income | -$274M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $917M |
| Minority Interest | $53M |
| TOTAL EQUITY | $970M |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $1.4B |
| Net Debt | $188M |
