| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.8B | $9.6B | $5.8B | -50.0% | -17.0% |
| Op. Income | $701M | $5.3B | -$653M | -86.8% | 207.4% |
| Gross Margin | 56.0% | 78.1% | 50.9% | -22.1pp | 5.1pp |
| Net Margin | 10.5% | 22.3% | -8.5% | -11.8pp | 19.0pp |
| EPS (Diluted) | $0.42 | $1.75 | $-0.35 | -76.0% | 220.0% |
| Free Cash Flow | $910M | $4.7B | -$595M | -80.5% | 252.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $548M |
| Other Expenses | $6M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $701M |
| Interest Income | $79M |
| Interest Expense | $150M |
| Other Income/Expenses | -$85M |
| INCOME BEFORE TAX | $615M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $506M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $506M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $506M |
| D&A | $350M |
| EBIT | $764M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $548M |
| Other Expenses | $6M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $701M |
| Interest Income | $79M |
| Interest Expense | $150M |
| Other Income/Expenses | -$85M |
| INCOME BEFORE TAX | $615M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $506M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $506M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $506M |
| D&A | $350M |
| EBIT | $764M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $506M |
| Depreciation & Amortization | $350M |
| Stock-Based Compensation | $339M |
| Deferred Income Tax | -$230M |
| Other Non-Cash Items | -$57M |
| Change in Working Capital | $319M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$317M |
| Acquisitions (Net) | -$67M |
| Purchases of Investments | -$221M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $230M |
| NET CASH FROM INVESTING | -$337M |
| Net Debt Issuance | -$498M |
| Common Stock Repurchased | -$705M |
| Common Dividends Paid | -$711M |
| Other Financing Activities | -$985M |
| NET CASH FROM FINANCING | -$2.9B |
| FREE CASH FLOW | $910M |
| Net Change in Cash | -$2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.8B |
| Short-Term Investments | $421M |
| Net Receivables | $2.5B |
| Inventory | $1.4B |
| Other Current Assets | $634M |
| TOTAL CURRENT ASSETS | $16.8B |
| PP&E (Net) | $3.1B |
| Goodwill | $6.3B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $3.5B |
| TOTAL NON-CURRENT ASSETS | $16.2B |
| TOTAL ASSETS | $33.0B |
| Account Payables | $1.4B |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $565M |
| Other Current Liabilities | $3.5B |
| TOTAL CURRENT LIABILITIES | $8.9B |
| Long-Term Debt | $13.4B |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $103M |
| Other Non-Current Liabilities | $4.4B |
| TOTAL NON-CURRENT LIABILITIES | $19.1B |
| TOTAL LIABILITIES | $28.0B |
| Common Stock | $343M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $100M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $33.0B |
| Total Debt | $15.9B |
| Net Debt | $4.1B |
