| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.3B | $3.7B | 6.2% | 23.8% |
| Op. Income | $467M | $532M | -$388M | -12.2% | 220.4% |
| Gross Margin | 57.5% | 14.5% | 63.7% | 42.9pp | -6.3pp |
| Net Margin | 8.8% | 11.5% | 22.3% | -2.7pp | -13.5pp |
| EPS (Diluted) | $1.80 | $2.24 | $3.67 | -19.6% | -51.0% |
| Free Cash Flow | $909M | $402M | $179M | 126.1% | 407.8% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.1B |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $467M |
| Interest Income | $0 |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $467M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $399M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $399M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $399M |
| D&A | $0 |
| EBIT | $536M |
| EBITDA | $536M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.1B |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $467M |
| Interest Income | $0 |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $467M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $399M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $399M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $399M |
| D&A | $0 |
| EBIT | $536M |
| EBITDA | $536M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $399M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$472M |
| Change in Working Capital | $982M |
| OPERATING CASH FLOW | $909M |
| Capital Expenditure | $736M |
| Acquisitions (Net) | -$1.4B |
| Purchases of Investments | -$3.9B |
| Sales/Maturities of Investments | $2.3B |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $37M |
| Common Stock Repurchased | -$625M |
| Common Dividends Paid | -$72M |
| Other Financing Activities | $2.2B |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | $909M |
| Net Change in Cash | $885M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $94.0B |
| Net Receivables | $18.3B |
| Inventory | $0 |
| Other Current Assets | $4.0B |
| TOTAL CURRENT ASSETS | $118.7B |
| PP&E (Net) | $0 |
| Goodwill | $1.8B |
| Intangible Assets | $771M |
| Long-Term Investments | $96.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $81.6B |
| TOTAL NON-CURRENT ASSETS | $179.5B |
| TOTAL ASSETS | $298.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$4.8B |
| TOTAL CURRENT LIABILITIES | $278.0B |
| Long-Term Debt | $5.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $278.0B |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $283.8B |
| Common Stock | $5.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $407M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.3B |
| TOTAL LIABILITIES & EQUITY | $298.1B |
| Total Debt | $5.8B |
| Net Debt | $3.5B |
