| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.0B | $3.3B | 4.7% | 27.4% |
| Op. Income | $216M | $481M | $245M | -55.1% | -12.0% |
| Gross Margin | 34.7% | 39.7% | 35.9% | -5.0pp | -1.1pp |
| Net Margin | 3.2% | 10.1% | 5.6% | -6.9pp | -2.4pp |
| EPS (Diluted) | $0.03 | $0.09 | $0.04 | -66.3% | -26.8% |
| Free Cash Flow | -$1.3B | -$737M | -$520M | -78.0% | -152.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $332M |
| Selling & Marketing | $730M |
| General & Administrative | $176M |
| SG&A Expenses | $906M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $216M |
| Interest Income | $32M |
| Interest Expense | $129M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $134M |
| D&A | $2.1B |
| EBIT | $248M |
| EBITDA | $2.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $332M |
| Selling & Marketing | $730M |
| General & Administrative | $176M |
| SG&A Expenses | $906M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $216M |
| Interest Income | $32M |
| Interest Expense | $129M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $134M |
| D&A | $2.1B |
| EBIT | $248M |
| EBITDA | $2.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $134M |
| Depreciation & Amortization | $2.1B |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | -$3.5B |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$1.2B |
| Capital Expenditure | -$78M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$80M |
| Net Debt Issuance | $2.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | $2.1B |
| FREE CASH FLOW | -$1.3B |
| Net Change in Cash | $733M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.8B |
| Short-Term Investments | $0 |
| Net Receivables | $570M |
| Inventory | $0 |
| Other Current Assets | $5.2B |
| TOTAL CURRENT ASSETS | $9.7B |
| PP&E (Net) | $418M |
| Goodwill | $0 |
| Intangible Assets | $15.0B |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $895M |
| TOTAL NON-CURRENT ASSETS | $16.3B |
| TOTAL ASSETS | $26.0B |
| Account Payables | $563M |
| Short-Term Debt | $0 |
| Deferred Revenue | $761M |
| Other Current Liabilities | $4.7B |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $10.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.9B |
| TOTAL NON-CURRENT LIABILITIES | $14.2B |
| TOTAL LIABILITIES | $20.7B |
| Common Stock | $2.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $26.0B |
| Total Debt | $10.4B |
| Net Debt | $6.6B |
