| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.4B | $7.8B | $6.1B | 8.2% | 37.5% |
| Op. Income | $4.4B | $4.0B | $2.5B | 10.7% | 74.9% |
| Gross Margin | 61.0% | 60.6% | 50.7% | 0.5pp | 10.3pp |
| Net Margin | 51.2% | 49.0% | 38.6% | 2.2pp | 12.7pp |
| EPS (Diluted) | $3.56 | $3.10 | $1.99 | 14.8% | 78.9% |
| Free Cash Flow | $2.9B | $1.8B | $1.7B | 56.5% | 70.7% |
| Item | Amount |
|---|---|
| REVENUE | $8.4B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $5.2B |
| R&D Expenses | $601M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $215M |
| Other Expenses | -$42M |
| Operating Expenses | $774M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $4.4B |
| Interest Income | $34M |
| Interest Expense | $50M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $4.3B |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.3B |
| D&A | $1.3B |
| EBIT | $4.3B |
| EBITDA | $5.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $8.4B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $5.2B |
| R&D Expenses | $601M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $215M |
| Other Expenses | -$42M |
| Operating Expenses | $774M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $4.4B |
| Interest Income | $34M |
| Interest Expense | $50M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $4.3B |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.3B |
| D&A | $1.3B |
| EBIT | $4.3B |
| EBITDA | $5.6B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $4.3B |
| Depreciation & Amortization | $1.3B |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | -$26M |
| Change in Working Capital | -$476M |
| OPERATING CASH FLOW | $5.2B |
| Capital Expenditure | -$2.3B |
| Acquisitions (Net) | $71M |
| Purchases of Investments | -$255M |
| Sales/Maturities of Investments | $148M |
| Other Investing Activities | $194M |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | -$3.4B |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $54M |
| NET CASH FROM FINANCING | -$3.3B |
| FREE CASH FLOW | $2.9B |
| Net Change in Cash | -$340M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.5B |
| Short-Term Investments | $296M |
| Net Receivables | $5.5B |
| Inventory | $3.6B |
| Other Current Assets | $164M |
| TOTAL CURRENT ASSETS | $16.0B |
| PP&E (Net) | $23.7B |
| Goodwill | $1.2B |
| Intangible Assets | $331M |
| Long-Term Investments | $473M |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $611M |
| TOTAL NON-CURRENT ASSETS | $27.3B |
| TOTAL ASSETS | $43.4B |
| Account Payables | $1.7B |
| Short-Term Debt | $549M |
| Deferred Revenue | $491M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $227M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $451M |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $10.2B |
| Common Stock | $117M |
| Additional Paid-In Capital | $8.2B |
| Retained Earnings | $24.4B |
| Treasury Stock | -$429M |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32.3B |
| Minority Interest | $870M |
| TOTAL EQUITY | $33.2B |
| TOTAL LIABILITIES & EQUITY | $43.4B |
| Total Debt | $4.6B |
| Net Debt | -$1.9B |
