| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.4B | $5.3B | -3.8% | -3.3% |
| Op. Income | $2.0B | $2.4B | $2.1B | -17.3% | -6.7% |
| Gross Margin | 52.2% | 52.6% | 49.9% | -0.3pp | 2.3pp |
| Net Margin | 27.4% | 30.5% | 13.1% | -3.1pp | 14.3pp |
| EPS (Diluted) | $1.82 | $2.10 | $0.87 | -13.3% | 109.2% |
| Free Cash Flow | $638M | $1.8B | $469M | -63.9% | 36.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $610M |
| Other Expenses | $87M |
| Operating Expenses | $697M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $254M |
| Other Income/Expenses | -$248M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $336M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $379M |
| EBIT | $2.0B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $610M |
| Other Expenses | $87M |
| Operating Expenses | $697M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $254M |
| Other Income/Expenses | -$248M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $336M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $379M |
| EBIT | $2.0B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $379M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$300M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$874M |
| Acquisitions (Net) | $65M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$75M |
| NET CASH FROM INVESTING | -$884M |
| Net Debt Issuance | -$651M |
| Common Stock Repurchased | -$927M |
| Common Dividends Paid | -$893M |
| Other Financing Activities | $159M |
| NET CASH FROM FINANCING | -$2.3B |
| FREE CASH FLOW | $638M |
| Net Change in Cash | -$1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $866M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $51M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $22.8B |
| Goodwill | $2.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $28.8B |
| TOTAL ASSETS | $32.8B |
| Account Payables | $1.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $31.1B |
| Deferred Revenue NC | $628M |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $3.2B |
| TOTAL NON-CURRENT LIABILITIES | $36.1B |
| TOTAL LIABILITIES | $39.1B |
| Common Stock | $17M |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | $50.5B |
| Treasury Stock | -$61.5B |
| Accum. Other Comp. Income | -$2.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$6.3B |
| TOTAL LIABILITIES & EQUITY | $32.8B |
| Total Debt | $31.1B |
| Net Debt | $30.2B |
