| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.5B | $2.3B | 7.1% | 12.1% |
| Op. Income | $132M | -$635M | $18M | 120.8% | 641.6% |
| Gross Margin | 33.1% | 33.1% | 34.7% | -0.0pp | -1.6pp |
| Net Margin | 30.3% | -25.5% | 8.9% | 55.8pp | 21.4pp |
| EPS (Diluted) | $1.87 | $-1.48 | $0.46 | 226.4% | 306.5% |
| Free Cash Flow | $527M | $377M | $388M | 39.8% | 35.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $868M |
| R&D Expenses | $149M |
| Selling & Marketing | $389M |
| General & Administrative | $64M |
| SG&A Expenses | $453M |
| Other Expenses | $134M |
| Operating Expenses | $736M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $132M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | -$721M |
| Net Income from Continuing Ops | $778M |
| Net Income from Discontinued Ops | $16M |
| Other Adjustments | $0 |
| NET INCOME | $794M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $778M |
| D&A | $121M |
| EBIT | $266M |
| EBITDA | $387M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $868M |
| R&D Expenses | $149M |
| Selling & Marketing | $389M |
| General & Administrative | $64M |
| SG&A Expenses | $453M |
| Other Expenses | $134M |
| Operating Expenses | $736M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $132M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | -$721M |
| Net Income from Continuing Ops | $778M |
| Net Income from Discontinued Ops | $16M |
| Other Adjustments | $0 |
| NET INCOME | $794M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $778M |
| D&A | $121M |
| EBIT | $266M |
| EBITDA | $387M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $794M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$772M |
| Other Non-Cash Items | $70M |
| Change in Working Capital | $394M |
| OPERATING CASH FLOW | $620M |
| Capital Expenditure | -$93M |
| Acquisitions (Net) | $242M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $154M |
| Net Debt Issuance | -$641M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$98M |
| Other Financing Activities | -$141M |
| NET CASH FROM FINANCING | -$880M |
| FREE CASH FLOW | $527M |
| Net Change in Cash | -$95M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $349M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $1.6B |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $1.8B |
| Goodwill | $3.7B |
| Intangible Assets | $4.9B |
| Long-Term Investments | $2M |
| Tax Assets | $776M |
| Other Non-Current Assets | $359M |
| TOTAL NON-CURRENT ASSETS | $11.5B |
| TOTAL ASSETS | $15.6B |
| Account Payables | $1.1B |
| Short-Term Debt | $330M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $131M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $625M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.7B |
| TOTAL LIABILITIES | $10.6B |
| Common Stock | $447M |
| Additional Paid-In Capital | $8.4B |
| Retained Earnings | -$2.4B |
| Treasury Stock | -$590M |
| Accum. Other Comp. Income | -$920M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $33M |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $15.6B |
| Total Debt | $6.4B |
| Net Debt | $6.1B |
