| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.6B | — | $20.7B | — | -0.5% |
| Op. Income | $6.5B | — | $5.7B | — | 14.0% |
| Gross Margin | 37.6% | — | 30.8% | — | 6.8pp |
| Net Margin | 44.9% | — | 26.3% | — | 18.6pp |
| EPS (Diluted) | $5.41 | — | $3.05 | — | 77.4% |
| Free Cash Flow | $3.5B | — | $4.9B | — | -27.4% |
| Item | Amount |
|---|---|
| REVENUE | $20.6B |
| Cost of Revenue | $12.9B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.2B |
| Cost & Expenses | $17.0B |
| OPERATING INCOME | $6.5B |
| Interest Income | $477M |
| Interest Expense | $0 |
| Other Income/Expenses | $4.4B |
| INCOME BEFORE TAX | $11.4B |
| Income Tax Expense | $2.0B |
| Net Income from Continuing Ops | $9.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9.3B |
| Net Income Deductions | -$276M |
| BOTTOM LINE NET INCOME | $9.5B |
| D&A | $1.8B |
| EBIT | $11.8B |
| EBITDA | $8.3B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $20.6B |
| Cost of Revenue | $12.9B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.2B |
| Cost & Expenses | $17.0B |
| OPERATING INCOME | $6.5B |
| Interest Income | $477M |
| Interest Expense | $0 |
| Other Income/Expenses | $4.4B |
| INCOME BEFORE TAX | $11.4B |
| Income Tax Expense | $2.0B |
| Net Income from Continuing Ops | $9.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9.3B |
| Net Income Deductions | -$276M |
| BOTTOM LINE NET INCOME | $9.5B |
| D&A | $1.8B |
| EBIT | $11.8B |
| EBITDA | $8.3B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $9.3B |
| Depreciation & Amortization | $1.8B |
| Stock-Based Compensation | $122M |
| Deferred Income Tax | $560M |
| Other Non-Cash Items | -$3.9B |
| Change in Working Capital | -$682M |
| OPERATING CASH FLOW | $6.6B |
| Capital Expenditure | -$3.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7.4B |
| NET CASH FROM INVESTING | $4.3B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3.9B |
| Common Dividends Paid | -$2.2B |
| Other Financing Activities | -$128M |
| NET CASH FROM FINANCING | -$6.2B |
| FREE CASH FLOW | $3.5B |
| Net Change in Cash | $4.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.5B |
| Short-Term Investments | $2.6B |
| Net Receivables | $3.1B |
| Inventory | $3.4B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $20.9B |
| PP&E (Net) | $56.6B |
| Goodwill | $912M |
| Intangible Assets | $2.5B |
| Long-Term Investments | $2.0B |
| Tax Assets | $3.1B |
| Other Non-Current Assets | $4.9B |
| TOTAL NON-CURRENT ASSETS | $70.0B |
| TOTAL ASSETS | $90.9B |
| Account Payables | $3.2B |
| Short-Term Debt | $307M |
| Deferred Revenue | $7.4B |
| Other Current Liabilities | $5.0B |
| TOTAL CURRENT LIABILITIES | $10.9B |
| Long-Term Debt | $12.4B |
| Deferred Revenue NC | $252M |
| Deferred Tax Liabilities | $3.7B |
| Other Non-Current Liabilities | $13.9B |
| TOTAL NON-CURRENT LIABILITIES | $30.3B |
| TOTAL LIABILITIES | $41.1B |
| Common Stock | $3.7B |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $27.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$50.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $43.7B |
| Minority Interest | $6.1B |
| TOTAL EQUITY | $49.8B |
| TOTAL LIABILITIES & EQUITY | $90.9B |
| Total Debt | $12.8B |
| Net Debt | $3.3B |
