| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $1.3B | 9.0% | 50.6% |
| Op. Income | $346M | $252M | -$137M | 37.3% | 352.1% |
| Gross Margin | 18.9% | 15.0% | -9.7% | 3.9pp | 28.6pp |
| Net Margin | 14.3% | 11.5% | -8.3% | 2.8pp | 22.6pp |
| EPS (Diluted) | $0.91 | $0.67 | $-0.36 | 35.8% | 352.8% |
| Free Cash Flow | $270M | $353M | $163M | -23.5% | 65.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $366M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $19M |
| Operating Expenses | $19M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $346M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$100.0K |
| INCOME BEFORE TAX | $346M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $276M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $0 |
| EBIT | $355M |
| EBITDA | $355M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $366M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $19M |
| Operating Expenses | $19M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $346M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$100.0K |
| INCOME BEFORE TAX | $346M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $276M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $0 |
| EBIT | $355M |
| EBITDA | $355M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $276M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$97M |
| Other Non-Cash Items | -$63M |
| Change in Working Capital | $154M |
| OPERATING CASH FLOW | $270M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $837M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$246M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$60M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$55M |
| FREE CASH FLOW | $270M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $9.3B |
| Net Receivables | $5.3B |
| Inventory | $0 |
| Other Current Assets | -$14.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $14.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$14.3B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $21.1B |
| Account Payables | $0 |
| Short-Term Debt | $397M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$948M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $577M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $112M |
| Other Non-Current Liabilities | -$689M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $15.1B |
| Common Stock | $304M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $4.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $78M |
| Other Equity | -$65M |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $21.1B |
| Total Debt | $974M |
| Net Debt | $895M |
