| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.4B | $3.1B | -3.2% | -24.5% |
| Op. Income | $617M | $566M | $955M | 9.1% | -35.4% |
| Gross Margin | 45.8% | 44.0% | 47.3% | 1.7pp | -1.5pp |
| Net Margin | 22.9% | 22.4% | 32.7% | 0.5pp | -9.7pp |
| EPS (Diluted) | $0.35 | $0.35 | $0.58 | 0.0% | -39.7% |
| Free Cash Flow | $815M | $857M | $639M | -5.0% | 27.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $296M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $168M |
| Other Expenses | $0 |
| Operating Expenses | $464M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $617M |
| Interest Income | $35M |
| Interest Expense | $45M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $609M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $542M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $542M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $542M |
| D&A | $65M |
| EBIT | $655M |
| EBITDA | $720M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $296M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $168M |
| Other Expenses | $0 |
| Operating Expenses | $464M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $617M |
| Interest Income | $35M |
| Interest Expense | $45M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $609M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $542M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $542M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $542M |
| D&A | $65M |
| EBIT | $655M |
| EBITDA | $720M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $542M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $70M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $161M |
| OPERATING CASH FLOW | $880M |
| Capital Expenditure | -$66M |
| Acquisitions (Net) | $66M |
| Purchases of Investments | -$555M |
| Sales/Maturities of Investments | $399M |
| Other Investing Activities | -$467M |
| NET CASH FROM INVESTING | -$623M |
| Net Debt Issuance | -$301M |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$165M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $815M |
| Net Change in Cash | -$1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $1.8B |
| Net Receivables | $1.5B |
| Inventory | $1.5B |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $8.6B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.5B |
| Intangible Assets | $217M |
| Long-Term Investments | $0 |
| Tax Assets | -$257M |
| Other Non-Current Assets | $937M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $12.0B |
| Account Payables | $377M |
| Short-Term Debt | $667M |
| Deferred Revenue | $381M |
| Other Current Liabilities | $464M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $144.0K |
| Additional Paid-In Capital | $6.4B |
| Retained Earnings | $9.9B |
| Treasury Stock | -$11.6B |
| Accum. Other Comp. Income | -$64M |
| Other Equity | $49M |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $12.0B |
| Total Debt | $4.5B |
| Net Debt | $832M |
