| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $5.2B | $4.2B | 4.2% | 30.6% |
| Op. Income | $459M | $980M | $216M | -53.2% | 112.5% |
| Gross Margin | 36.6% | 40.9% | 34.7% | -4.3pp | 1.9pp |
| Net Margin | 10.7% | 12.7% | 3.2% | -1.9pp | 7.5pp |
| EPS (Diluted) | $0.13 | $0.15 | $0.03 | -11.6% | 333.3% |
| Free Cash Flow | -$1.6B | -$552M | -$1.3B | -184.5% | -19.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $409M |
| Selling & Marketing | $879M |
| General & Administrative | $255M |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $459M |
| Interest Income | $0 |
| Interest Expense | $309M |
| Other Income/Expenses | -$309M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | -$438M |
| Net Income from Continuing Ops | $587M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $587M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $587M |
| D&A | $2.6B |
| EBIT | $327M |
| EBITDA | $2.9B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $409M |
| Selling & Marketing | $879M |
| General & Administrative | $255M |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $459M |
| Interest Income | $0 |
| Interest Expense | $309M |
| Other Income/Expenses | -$309M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | -$438M |
| Net Income from Continuing Ops | $587M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $587M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $587M |
| D&A | $2.6B |
| EBIT | $327M |
| EBITDA | $2.9B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $587M |
| Depreciation & Amortization | $2.6B |
| Stock-Based Compensation | $100M |
| Deferred Income Tax | -$189M |
| Other Non-Cash Items | -$4.3B |
| Change in Working Capital | -$237M |
| OPERATING CASH FLOW | -$1.5B |
| Capital Expenditure | -$108M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$100M |
| NET CASH FROM INVESTING | -$208M |
| Net Debt Issuance | $2.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | $2.2B |
| FREE CASH FLOW | -$1.6B |
| Net Change in Cash | $584M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.0B |
| Short-Term Investments | $0 |
| Net Receivables | $454M |
| Inventory | $0 |
| Other Current Assets | $525M |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $565M |
| Goodwill | $0 |
| Intangible Assets | $24.5B |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $27.8B |
| TOTAL ASSETS | $34.0B |
| Account Payables | $674M |
| Short-Term Debt | $0 |
| Deferred Revenue | $925M |
| Other Current Liabilities | $4.2B |
| TOTAL CURRENT LIABILITIES | $6.9B |
| Long-Term Debt | $14.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.4B |
| TOTAL NON-CURRENT LIABILITIES | $19.5B |
| TOTAL LIABILITIES | $26.4B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $34.0B |
| Total Debt | $16.4B |
| Net Debt | $11.4B |
