| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.7B | $7.6B | $7.5B | 0.9% | 2.9% |
| Op. Income | $2.5B | $2.8B | $2.7B | -10.2% | -7.3% |
| Gross Margin | 64.0% | 65.9% | 62.9% | -1.9pp | 1.1pp |
| Net Margin | 21.0% | 24.8% | 25.5% | -3.9pp | -4.5pp |
| EPS (Diluted) | $1.04 | $1.22 | $1.23 | -14.8% | -15.4% |
| Free Cash Flow | $3.2B | $1.9B | $2.1B | 67.7% | 51.7% |
| Item | Amount |
|---|---|
| REVENUE | $7.7B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $465M |
| Selling & Marketing | $0 |
| General & Administrative | $2.4B |
| SG&A Expenses | $2.4B |
| Other Expenses | -$477M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $136M |
| Other Income/Expenses | -$101M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $623M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $255M |
| EBIT | $2.7B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.7B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $465M |
| Selling & Marketing | $0 |
| General & Administrative | $2.4B |
| SG&A Expenses | $2.4B |
| Other Expenses | -$477M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $136M |
| Other Income/Expenses | -$101M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $623M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $255M |
| EBIT | $2.7B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $255M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $499M |
| Change in Working Capital | $933M |
| OPERATING CASH FLOW | $3.3B |
| Capital Expenditure | -$156M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$28M |
| NET CASH FROM INVESTING | -$184M |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.8B |
| Other Financing Activities | -$83M |
| NET CASH FROM FINANCING | -$3.0B |
| FREE CASH FLOW | $3.2B |
| Net Change in Cash | $354M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.9B |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $9.2B |
| Other Current Assets | $701M |
| TOTAL CURRENT ASSETS | $20.5B |
| PP&E (Net) | $6.6B |
| Goodwill | $5.9B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $4.6B |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $22.4B |
| TOTAL ASSETS | $42.9B |
| Account Payables | $2.3B |
| Short-Term Debt | $4.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $18.8B |
| Long-Term Debt | $26.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $908M |
| Other Non-Current Liabilities | $6.1B |
| TOTAL NON-CURRENT LIABILITIES | $33.6B |
| TOTAL LIABILITIES | $52.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $31.0B |
| Treasury Stock | -$35.2B |
| Accum. Other Comp. Income | -$9.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$11.6B |
| Minority Interest | $2.0B |
| TOTAL EQUITY | -$9.6B |
| TOTAL LIABILITIES & EQUITY | $42.9B |
| Total Debt | $31.0B |
| Net Debt | $24.2B |
