| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.5B | $3.8B | -1.2% | 15.9% |
| Op. Income | $2.4B | $2.7B | $1.2B | -9.6% | 94.4% |
| Gross Margin | 78.8% | 79.0% | 77.9% | -0.2pp | 0.9pp |
| Net Margin | 47.6% | 47.2% | 23.6% | 0.4pp | 24.0pp |
| EPS (Diluted) | $2.07 | $2.07 | $0.87 | 0.0% | 137.9% |
| Free Cash Flow | $2.8B | $2.1B | $1.2B | 30.9% | 131.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $936M |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $290M |
| General & Administrative | $623M |
| SG&A Expenses | $913M |
| Other Expenses | $166M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | $76M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $375M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $146M |
| EBIT | $2.5B |
| EBITDA | $2.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $936M |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $290M |
| General & Administrative | $623M |
| SG&A Expenses | $913M |
| Other Expenses | $166M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | $76M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $375M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $146M |
| EBIT | $2.5B |
| EBITDA | $2.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.1B |
| Depreciation & Amortization | $146M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $147M |
| Change in Working Capital | $565M |
| OPERATING CASH FLOW | $3.0B |
| Capital Expenditure | -$185M |
| Acquisitions (Net) | -$346M |
| Purchases of Investments | -$142M |
| Sales/Maturities of Investments | $215M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$460M |
| Net Debt Issuance | $744M |
| Common Stock Repurchased | -$994M |
| Common Dividends Paid | -$333M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$582M |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | $2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.0B |
| Short-Term Investments | $688M |
| Net Receivables | $5.5B |
| Inventory | $0 |
| Other Current Assets | $3.6B |
| TOTAL CURRENT ASSETS | $16.9B |
| PP&E (Net) | $1.8B |
| Goodwill | $4.0B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $914M |
| Tax Assets | $543M |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $12.3B |
| TOTAL ASSETS | $29.2B |
| Account Payables | $489M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $11.9B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $85M |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $11.3B |
| TOTAL LIABILITIES | $23.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | $34.0B |
| Treasury Stock | -$32.2B |
| Accum. Other Comp. Income | -$673M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $98M |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $29.2B |
| Total Debt | $8.5B |
| Net Debt | $1.5B |
