| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.9B | $3.3B | -2.3% | 14.9% |
| Op. Income | $1.2B | $2.3B | $1.5B | -46.0% | -18.9% |
| Gross Margin | 77.9% | 78.9% | 78.1% | -1.1pp | -0.2pp |
| Net Margin | 23.6% | 48.7% | 6.9% | -25.1pp | 16.8pp |
| EPS (Diluted) | $0.87 | $1.82 | $0.21 | -52.2% | 314.3% |
| Free Cash Flow | $1.2B | $2.2B | $1.6B | -46.0% | -26.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $843M |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $213M |
| General & Administrative | $654M |
| SG&A Expenses | $867M |
| Other Expenses | $863M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $316M |
| Net Income from Continuing Ops | $899M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $899M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $899M |
| D&A | $113M |
| EBIT | $1.3B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $843M |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $213M |
| General & Administrative | $654M |
| SG&A Expenses | $867M |
| Other Expenses | $863M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $316M |
| Net Income from Continuing Ops | $899M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $899M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $899M |
| D&A | $113M |
| EBIT | $1.3B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $899M |
| Depreciation & Amortization | $113M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | -$35M |
| Other Non-Cash Items | $370M |
| Change in Working Capital | -$58M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$123M |
| Acquisitions (Net) | -$48M |
| Purchases of Investments | -$515M |
| Sales/Maturities of Investments | $368M |
| Other Investing Activities | $49M |
| NET CASH FROM INVESTING | -$269M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$888M |
| Common Dividends Paid | -$259M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$141M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.7B |
| Short-Term Investments | $1.7B |
| Net Receivables | $4.7B |
| Inventory | $0 |
| Other Current Assets | $3.0B |
| TOTAL CURRENT ASSETS | $16.2B |
| PP&E (Net) | $921M |
| Goodwill | $2.9B |
| Intangible Assets | $991M |
| Long-Term Investments | $337M |
| Tax Assets | $570M |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $8.7B |
| TOTAL ASSETS | $24.9B |
| Account Payables | $537M |
| Short-Term Debt | $500M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.0B |
| TOTAL CURRENT LIABILITIES | $11.6B |
| Long-Term Debt | $5.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $67M |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $7.8B |
| TOTAL LIABILITIES | $19.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | $27.3B |
| Treasury Stock | -$25.8B |
| Accum. Other Comp. Income | -$718M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $94M |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $24.9B |
| Total Debt | $6.3B |
| Net Debt | -$348M |
