| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.0B | 3.4% | 10.7% |
| Op. Income | $214M | $199M | $187M | 7.5% | 14.4% |
| Gross Margin | 54.6% | 55.2% | 56.8% | -0.6pp | -2.2pp |
| Net Margin | 15.1% | 13.7% | 3.9% | 1.3pp | 11.2pp |
| EPS (Diluted) | $1.23 | $1.09 | $0.29 | 12.8% | 324.1% |
| Free Cash Flow | $590M | $512M | $316M | 15.2% | 86.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $506M |
| GROSS PROFIT | $608M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $254M |
| SG&A Expenses | $254M |
| Other Expenses | $140M |
| Operating Expenses | $394M |
| Cost & Expenses | $900M |
| OPERATING INCOME | $214M |
| Interest Income | $958M |
| Interest Expense | $228M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $168M |
| D&A | $98M |
| EBIT | $214M |
| EBITDA | $312M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $506M |
| GROSS PROFIT | $608M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $254M |
| SG&A Expenses | $254M |
| Other Expenses | $140M |
| Operating Expenses | $394M |
| Cost & Expenses | $900M |
| OPERATING INCOME | $214M |
| Interest Income | $958M |
| Interest Expense | $228M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $168M |
| D&A | $98M |
| EBIT | $214M |
| EBITDA | $312M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $168M |
| Depreciation & Amortization | $98M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $282M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $590M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$134M |
| Sales/Maturities of Investments | $131M |
| Other Investing Activities | -$578M |
| NET CASH FROM INVESTING | -$581M |
| Net Debt Issuance | -$568M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$569M |
| FREE CASH FLOW | $590M |
| Net Change in Cash | -$560M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $679M |
| Short-Term Investments | $1.7B |
| Net Receivables | $253M |
| Inventory | $0 |
| Other Current Assets | -$374M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $133M |
| Goodwill | $1.4B |
| Intangible Assets | $388M |
| Long-Term Investments | $1.7B |
| Tax Assets | $29M |
| Other Non-Current Assets | $14.1B |
| TOTAL NON-CURRENT ASSETS | $17.7B |
| TOTAL ASSETS | $20.1B |
| Account Payables | $123M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$123M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $15.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $16.3B |
| TOTAL LIABILITIES | $16.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $20.1B |
| Total Debt | $15.2B |
| Net Debt | $14.5B |
