| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.9B | $15.2B | $14.4B | 4.7% | 10.2% |
| Op. Income | $2.1B | $2.1B | $1.9B | 2.1% | 16.1% |
| Gross Margin | 13.4% | 13.6% | 13.5% | -0.2pp | -0.1pp |
| Net Margin | 9.4% | 10.6% | 8.7% | -1.2pp | 0.7pp |
| EPS (Diluted) | $5.29 | $5.66 | $4.39 | -6.5% | 20.5% |
| Free Cash Flow | $847M | $2.2B | $1.8B | -61.2% | -51.8% |
| Item | Amount |
|---|---|
| REVENUE | $15.9B |
| Cost of Revenue | $13.8B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $152M |
| Other Expenses | -$1.5B |
| Operating Expenses | -$26M |
| Cost & Expenses | $13.8B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $157M |
| Other Income/Expenses | -$317M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $334M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $322M |
| EBIT | $2.0B |
| EBITDA | $2.3B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $15.9B |
| Cost of Revenue | $13.8B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $152M |
| Other Expenses | -$1.5B |
| Operating Expenses | -$26M |
| Cost & Expenses | $13.8B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $157M |
| Other Income/Expenses | -$317M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $334M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $322M |
| EBIT | $2.0B |
| EBITDA | $2.3B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $322M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $222M |
| Other Non-Cash Items | -$269M |
| Change in Working Capital | -$314M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$643M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $205M |
| NET CASH FROM INVESTING | -$438M |
| Net Debt Issuance | -$900M |
| Common Stock Repurchased | -$490M |
| Common Dividends Paid | -$675M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $847M |
| Net Change in Cash | -$1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $11.4B |
| Inventory | $3.6B |
| Other Current Assets | $531M |
| TOTAL CURRENT ASSETS | $17.1B |
| PP&E (Net) | $6.6B |
| Goodwill | $10.6B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $1.2B |
| Tax Assets | $3.3B |
| Other Non-Current Assets | $5.5B |
| TOTAL NON-CURRENT ASSETS | $30.4B |
| TOTAL ASSETS | $47.5B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $7.1B |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $14.0B |
| Long-Term Debt | $11.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19.0B |
| TOTAL NON-CURRENT LIABILITIES | $30.4B |
| TOTAL LIABILITIES | $44.4B |
| Common Stock | $280M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $18.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $44M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $47.5B |
| Total Debt | $12.7B |
| Net Debt | $11.1B |
