| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.5B | $5.2B | -2.8% | 3.6% |
| Op. Income | $2.3B | $2.4B | $2.0B | -4.8% | 14.7% |
| Gross Margin | 53.2% | 53.0% | 52.2% | 0.2pp | 1.0pp |
| Net Margin | 29.4% | 29.2% | 27.4% | 0.2pp | 2.0pp |
| EPS (Diluted) | $2.08 | $2.11 | $1.82 | -1.4% | 14.3% |
| Free Cash Flow | $1.2B | $1.7B | $638M | -33.4% | 81.5% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $654M |
| Other Expenses | -$100M |
| Operating Expenses | $554M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $2.3B |
| Interest Income | $7M |
| Interest Expense | $283M |
| Other Income/Expenses | -$266M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $455M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $414M |
| EBIT | $2.3B |
| EBITDA | $2.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $654M |
| Other Expenses | -$100M |
| Operating Expenses | $554M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $2.3B |
| Interest Income | $7M |
| Interest Expense | $283M |
| Other Income/Expenses | -$266M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $455M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $414M |
| EBIT | $2.3B |
| EBITDA | $2.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $414M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$41M |
| Other Non-Cash Items | -$81M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$732M |
| Acquisitions (Net) | $136M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$211M |
| NET CASH FROM INVESTING | -$807M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$935M |
| Other Financing Activities | $932M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$279M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $899M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $50M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $37.4B |
| Goodwill | $2.7B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $44.0B |
| TOTAL ASSETS | $47.5B |
| Account Payables | $988M |
| Short-Term Debt | $59M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $34.1B |
| Deferred Revenue NC | $661M |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $3.2B |
| TOTAL NON-CURRENT LIABILITIES | $52.1B |
| TOTAL LIABILITIES | $55.7B |
| Common Stock | $17M |
| Additional Paid-In Capital | $7.7B |
| Retained Earnings | $52.9B |
| Treasury Stock | -$66.3B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$8.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$8.2B |
| TOTAL LIABILITIES & EQUITY | $47.5B |
| Total Debt | $47.6B |
| Net Debt | $46.7B |
