| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.6B | $2.2B | 10.4% | 34.0% |
| Op. Income | $1.1B | $895M | $733M | 19.9% | 46.4% |
| Gross Margin | 61.9% | 59.5% | 60.0% | 2.3pp | 1.9pp |
| Net Margin | 38.4% | 31.8% | 30.1% | 6.6pp | 8.3pp |
| EPS (Diluted) | $0.04 | $0.03 | $0.03 | 36.4% | 80.0% |
| Free Cash Flow | $942M | $1.1B | $670M | -13.4% | 40.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $507M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $221M |
| Other Expenses | $0 |
| Operating Expenses | $728M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.1B |
| Interest Income | $21M |
| Interest Expense | $15M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | -$40M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $54M |
| EBIT | $1.1B |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $507M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $221M |
| Other Expenses | $0 |
| Operating Expenses | $728M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.1B |
| Interest Income | $21M |
| Interest Expense | $15M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | -$40M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $54M |
| EBIT | $1.1B |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $126M |
| Deferred Income Tax | -$517M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $571M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$416M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $400M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$91M |
| Other Financing Activities | -$41M |
| NET CASH FROM FINANCING | -$134M |
| FREE CASH FLOW | $942M |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $3.1B |
| Net Receivables | $1.3B |
| Inventory | $796M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.3B |
| PP&E (Net) | $997M |
| Goodwill | $618M |
| Intangible Assets | $52M |
| Long-Term Investments | $0 |
| Tax Assets | $245M |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $11.2B |
| Account Payables | $596M |
| Short-Term Debt | $15M |
| Deferred Revenue | $53M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $599M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | $8.8B |
| Treasury Stock | -$6.7B |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.5B |
| TOTAL LIABILITIES & EQUITY | $11.2B |
| Total Debt | $2.0B |
| Net Debt | -$2.0B |
