| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.7B | $5.6B | $5.7B | 1.6% | 0.4% |
| Op. Income | $665M | $819M | $820M | -18.8% | -18.9% |
| Gross Margin | 25.0% | 28.0% | 27.6% | -3.1pp | -2.7pp |
| Net Margin | 9.0% | 11.7% | 11.5% | -2.7pp | -2.5pp |
| EPS (Diluted) | $0.98 | $1.23 | $1.17 | -20.3% | -16.2% |
| Free Cash Flow | $563M | $716M | $446M | -21.4% | 26.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $766M |
| Operating Expenses | $766M |
| Cost & Expenses | $5.1B |
| OPERATING INCOME | $665M |
| Interest Income | $20M |
| Interest Expense | $19M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $666M |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $513M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $514M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $513M |
| D&A | $313M |
| EBIT | $685M |
| EBITDA | $998M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $766M |
| Operating Expenses | $766M |
| Cost & Expenses | $5.1B |
| OPERATING INCOME | $665M |
| Interest Income | $20M |
| Interest Expense | $19M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $666M |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $513M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $514M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $513M |
| D&A | $313M |
| EBIT | $685M |
| EBITDA | $998M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $514M |
| Depreciation & Amortization | $313M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | -$279M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $255M |
| OPERATING CASH FLOW | $824M |
| Capital Expenditure | -$261M |
| Acquisitions (Net) | -$262M |
| Purchases of Investments | -$793M |
| Sales/Maturities of Investments | $799M |
| Other Investing Activities | $662M |
| NET CASH FROM INVESTING | $145M |
| Net Debt Issuance | -$370M |
| Common Stock Repurchased | -$550M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$909M |
| FREE CASH FLOW | $563M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $1.5B |
| Net Receivables | $1.1B |
| Inventory | $529M |
| Other Current Assets | $287M |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $18.4B |
| Goodwill | $970M |
| Intangible Assets | $296M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $281M |
| TOTAL NON-CURRENT ASSETS | $19.9B |
| TOTAL ASSETS | $25.9B |
| Account Payables | $304M |
| Short-Term Debt | $734M |
| Deferred Revenue | $4.5B |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $9.0B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $870M |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $16.1B |
| Common Stock | $808M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $17.9B |
| Treasury Stock | -$10.4B |
| Accum. Other Comp. Income | -$61M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.8B |
| TOTAL LIABILITIES & EQUITY | $25.9B |
| Total Debt | $4.0B |
| Net Debt | $1.4B |
