| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $3.2B | $2.9B | -30.7% | -24.3% |
| Op. Income | $294M | $1.1B | $1.1B | -72.2% | -72.6% |
| Gross Margin | 54.7% | 60.4% | 61.9% | -5.7pp | -7.1pp |
| Net Margin | 25.7% | 38.7% | 38.4% | -13.0pp | -12.8pp |
| EPS (Diluted) | $0.02 | $0.05 | $0.04 | -53.1% | -48.9% |
| Free Cash Flow | $695M | $337M | $942M | 106.2% | -26.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $998M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $647M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $266M |
| Other Expenses | $0 |
| Operating Expenses | $913M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $294M |
| Interest Income | $42M |
| Interest Expense | $14M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $324M |
| Income Tax Expense | -$242M |
| Net Income from Continuing Ops | $566M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $566M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $566M |
| D&A | $78M |
| EBIT | $338M |
| EBITDA | $416M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $998M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $647M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $266M |
| Other Expenses | $0 |
| Operating Expenses | $913M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $294M |
| Interest Income | $42M |
| Interest Expense | $14M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $324M |
| Income Tax Expense | -$242M |
| Net Income from Continuing Ops | $566M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $566M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $566M |
| D&A | $78M |
| EBIT | $338M |
| EBITDA | $416M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $566M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $157M |
| Deferred Income Tax | -$345M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $452M |
| OPERATING CASH FLOW | $898M |
| Capital Expenditure | -$203M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $40M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$724M |
| Common Dividends Paid | -$98M |
| Other Financing Activities | -$51M |
| NET CASH FROM FINANCING | -$877M |
| FREE CASH FLOW | $695M |
| Net Change in Cash | $61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $782M |
| Short-Term Investments | $6.6B |
| Net Receivables | $1.4B |
| Inventory | $1.6B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.6B |
| PP&E (Net) | $1.4B |
| Goodwill | $618M |
| Intangible Assets | $45M |
| Long-Term Investments | $0 |
| Tax Assets | $560M |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $13.3B |
| Account Payables | $511M |
| Short-Term Debt | $0 |
| Deferred Revenue | $92M |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $568M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $12.6B |
| Treasury Stock | -$9.3B |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.3B |
| TOTAL LIABILITIES & EQUITY | $13.3B |
| Total Debt | $2.0B |
| Net Debt | $1.2B |
