| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.2B | $5.4B | -1.0% | -3.6% |
| Op. Income | $192M | $217M | $218M | -11.7% | -12.1% |
| Gross Margin | 16.5% | 16.0% | 16.3% | 0.5pp | 0.2pp |
| Net Margin | 2.7% | 2.8% | 2.9% | -0.1pp | -0.3pp |
| EPS (Diluted) | $2.33 | $2.42 | $2.54 | -3.7% | -8.3% |
| Free Cash Flow | $302M | $206M | $156M | 46.7% | 93.5% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $860M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $668M |
| SG&A Expenses | $668M |
| Other Expenses | $0 |
| Operating Expenses | $668M |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $192M |
| Interest Income | $3M |
| Interest Expense | $11M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $186M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $20M |
| EBIT | $197M |
| EBITDA | $217M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $860M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $668M |
| SG&A Expenses | $668M |
| Other Expenses | $0 |
| Operating Expenses | $668M |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $192M |
| Interest Income | $3M |
| Interest Expense | $11M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $186M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $20M |
| EBIT | $197M |
| EBITDA | $217M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $139M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$50M |
| Other Non-Cash Items | $45M |
| Change in Working Capital | $158M |
| OPERATING CASH FLOW | $319M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $500.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | -$64M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $302M |
| Net Change in Cash | $219M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $5.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $592M |
| Goodwill | $1.3B |
| Intangible Assets | $269M |
| Long-Term Investments | $98M |
| Tax Assets | -$98M |
| Other Non-Current Assets | $619M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $2.5B |
| Short-Term Debt | $61M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $672M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $3.5B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | -$441M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $19M |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $1.5B |
| Net Debt | $506M |
