| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $4.7B | $4.7B | 7.1% | 9.0% |
| Op. Income | $1.9B | $2.0B | $1.7B | -8.1% | 10.1% |
| Gross Margin | 83.2% | 83.2% | 84.4% | 0.0pp | -1.1pp |
| Net Margin | 26.9% | 33.7% | 28.6% | -6.8pp | -1.7pp |
| EPS (Diluted) | $0.29 | $0.34 | $0.27 | -14.4% | 5.1% |
| Free Cash Flow | $510M | $2.2B | $538M | -77.1% | -5.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $851M |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $687M |
| Selling & Marketing | $1.5B |
| General & Administrative | $193M |
| SG&A Expenses | $1.7B |
| Other Expenses | -$7M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $1.9B |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$124M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $370M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $219M |
| EBIT | $1.3B |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $851M |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $687M |
| Selling & Marketing | $1.5B |
| General & Administrative | $193M |
| SG&A Expenses | $1.7B |
| Other Expenses | -$7M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $1.9B |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$124M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $370M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $219M |
| EBIT | $1.3B |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$380M |
| Change in Working Capital | -$264M |
| OPERATING CASH FLOW | $809M |
| Capital Expenditure | -$299M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$204M |
| NET CASH FROM INVESTING | -$503M |
| Net Debt Issuance | -$55M |
| Common Stock Repurchased | -$772M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$815M |
| FREE CASH FLOW | $510M |
| Net Change in Cash | -$524M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $364M |
| Short-Term Investments | $0 |
| Net Receivables | $605M |
| Inventory | $415M |
| Other Current Assets | $85M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $137M |
| Long-Term Investments | $43M |
| Tax Assets | $97M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $150M |
| Short-Term Debt | $35M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $140M |
| TOTAL NON-CURRENT LIABILITIES | $213M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $11M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | -$235.3K |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $106M |
| Net Debt | -$259M |
