| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $2.9B | $2.8B | 0.9% | 6.0% |
| Op. Income | $336M | $340M | $308M | -1.0% | 9.3% |
| Gross Margin | 27.8% | 27.9% | 27.7% | -0.1pp | 0.1pp |
| Net Margin | 7.7% | 7.5% | 5.7% | 0.2pp | 2.0pp |
| EPS (Diluted) | $2.32 | $2.25 | $1.56 | 3.1% | 48.7% |
| Free Cash Flow | $442M | $363M | $364M | 21.7% | 21.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $821M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $414M |
| Other Expenses | $15M |
| Operating Expenses | $478M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $336M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $293M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $227M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $227M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $227M |
| D&A | $156M |
| EBIT | $357M |
| EBITDA | $513M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $821M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $414M |
| Other Expenses | $15M |
| Operating Expenses | $478M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $336M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $293M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $227M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $227M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $227M |
| D&A | $156M |
| EBIT | $357M |
| EBITDA | $513M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $227M |
| Depreciation & Amortization | $156M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $44M |
| Change in Working Capital | $113M |
| OPERATING CASH FLOW | $570M |
| Capital Expenditure | -$128M |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$152M |
| Net Debt Issuance | -$390M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$449M |
| FREE CASH FLOW | $442M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $338M |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $245M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $2.6B |
| Goodwill | $7.9B |
| Intangible Assets | $4.0B |
| Long-Term Investments | $85M |
| Tax Assets | $9M |
| Other Non-Current Assets | $435M |
| TOTAL NON-CURRENT ASSETS | $15.0B |
| TOTAL ASSETS | $18.0B |
| Account Payables | $632M |
| Short-Term Debt | $415M |
| Deferred Revenue | $451M |
| Other Current Liabilities | $475M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $5.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $943M |
| Other Non-Current Liabilities | $383M |
| TOTAL NON-CURRENT LIABILITIES | $7.8B |
| TOTAL LIABILITIES | $10.5B |
| Common Stock | $9M |
| Additional Paid-In Capital | $27M |
| Retained Earnings | $7.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$372M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $20M |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $18.0B |
| Total Debt | $7.1B |
| Net Debt | $6.8B |
