| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $916M | $1.2B | 52.5% | 19.7% |
| Op. Income | $416M | $176M | $331M | 136.9% | 25.7% |
| Gross Margin | 58.0% | 55.1% | 57.3% | 2.9pp | 0.8pp |
| Net Margin | 21.3% | 13.8% | 18.7% | 7.6pp | 2.6pp |
| EPS (Diluted) | $2.28 | $0.96 | $1.65 | 137.5% | 38.2% |
| Free Cash Flow | $505M | -$33M | $357M | 1613.6% | 41.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $587M |
| GROSS PROFIT | $811M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $394M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $981M |
| OPERATING INCOME | $416M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $419M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $298M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $298M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $298M |
| D&A | $47M |
| EBIT | $416M |
| EBITDA | $464M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $587M |
| GROSS PROFIT | $811M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $394M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $981M |
| OPERATING INCOME | $416M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $419M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $298M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $298M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $298M |
| D&A | $47M |
| EBIT | $416M |
| EBITDA | $464M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $298M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $206M |
| OPERATING CASH FLOW | $574M |
| Capital Expenditure | -$69M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$3M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$307.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $505M |
| Net Change in Cash | $507M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $125M |
| Inventory | $519M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $1.4B |
| Goodwill | $24M |
| Intangible Assets | $241.0K |
| Long-Term Investments | $0 |
| Tax Assets | $31M |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $80M |
| Short-Term Debt | $0 |
| Deferred Revenue | $120M |
| Other Current Liabilities | $168M |
| TOTAL CURRENT LIABILITIES | $620M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $43M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $709M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $621.0K |
| Additional Paid-In Capital | $356M |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$225M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $740M |
| Net Debt | -$354M |
