| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.7B | — | $20.6B | — | 10.4% |
| Op. Income | $7.7B | — | $6.5B | — | 19.2% |
| Gross Margin | 33.9% | — | 37.6% | — | -3.7pp |
| Net Margin | 17.3% | — | 44.9% | — | -27.6pp |
| EPS (Diluted) | $2.40 | — | $5.41 | — | -55.6% |
| Free Cash Flow | $5.9B | — | $3.5B | — | 66.7% |
| Item | Amount |
|---|---|
| REVENUE | $22.7B |
| Cost of Revenue | $15.0B |
| GROSS PROFIT | $7.7B |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $680M |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $15.0B |
| OPERATING INCOME | $7.7B |
| Interest Income | $127M |
| Interest Expense | $442M |
| Other Income/Expenses | -$272M |
| INCOME BEFORE TAX | $5.9B |
| Income Tax Expense | $1.9B |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $94M |
| NET INCOME | $3.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $2.7B |
| EBIT | $6.2B |
| EBITDA | $8.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $22.7B |
| Cost of Revenue | $15.0B |
| GROSS PROFIT | $7.7B |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $680M |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $15.0B |
| OPERATING INCOME | $7.7B |
| Interest Income | $127M |
| Interest Expense | $442M |
| Other Income/Expenses | -$272M |
| INCOME BEFORE TAX | $5.9B |
| Income Tax Expense | $1.9B |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $94M |
| NET INCOME | $3.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $2.7B |
| EBIT | $6.2B |
| EBITDA | $8.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.9B |
| Depreciation & Amortization | $2.7B |
| Stock-Based Compensation | $126M |
| Deferred Income Tax | -$293M |
| Other Non-Cash Items | $7.4B |
| Change in Working Capital | $372M |
| OPERATING CASH FLOW | $9.0B |
| Capital Expenditure | -$3.2B |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$3.1B |
| Net Debt Issuance | -$168M |
| Common Stock Repurchased | -$585M |
| Common Dividends Paid | -$2.5B |
| Other Financing Activities | $44M |
| NET CASH FROM FINANCING | -$4.9B |
| FREE CASH FLOW | $5.9B |
| Net Change in Cash | $1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.0B |
| Short-Term Investments | $2.7B |
| Net Receivables | $2.9B |
| Inventory | $3.5B |
| Other Current Assets | $836M |
| TOTAL CURRENT ASSETS | $17.3B |
| PP&E (Net) | $57.4B |
| Goodwill | $922M |
| Intangible Assets | $2.6B |
| Long-Term Investments | $1.6B |
| Tax Assets | $3.1B |
| Other Non-Current Assets | $4.8B |
| TOTAL NON-CURRENT ASSETS | $70.5B |
| TOTAL ASSETS | $87.8B |
| Account Payables | $2.9B |
| Short-Term Debt | $720M |
| Deferred Revenue | -$5.0B |
| Other Current Liabilities | $4.6B |
| TOTAL CURRENT LIABILITIES | $11.1B |
| Long-Term Debt | $12.1B |
| Deferred Revenue NC | $214M |
| Deferred Tax Liabilities | $3.2B |
| Other Non-Current Liabilities | $14.9B |
| TOTAL NON-CURRENT LIABILITIES | $31.4B |
| TOTAL LIABILITIES | $42.6B |
| Common Stock | $3.7B |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $23.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $40.5B |
| Minority Interest | $4.7B |
| TOTAL EQUITY | $45.2B |
| TOTAL LIABILITIES & EQUITY | $87.8B |
| Total Debt | $14.7B |
| Net Debt | $6.7B |
