| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.9B | $11.0B | $9.8B | -0.8% | 11.4% |
| Op. Income | $2.9B | $2.8B | $2.6B | 1.1% | 11.3% |
| Gross Margin | 69.1% | 70.9% | 77.5% | -1.8pp | -8.4pp |
| Net Margin | 21.8% | 20.6% | 21.1% | 1.1pp | 0.6pp |
| EPS (Diluted) | $1.61 | $1.53 | $1.37 | 4.8% | 17.0% |
| Free Cash Flow | -$4.9B | $11.0B | $4.3B | -144.4% | -213.9% |
| Item | Amount |
|---|---|
| REVENUE | $10.9B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $7.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.9B |
| SG&A Expenses | $2.9B |
| Other Expenses | $1.8B |
| Operating Expenses | $4.7B |
| Cost & Expenses | $8.0B |
| OPERATING INCOME | $2.9B |
| Interest Income | $6.6B |
| Interest Expense | $3.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $504M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $314M |
| EBIT | $2.9B |
| EBITDA | $3.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $10.9B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $7.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.9B |
| SG&A Expenses | $2.9B |
| Other Expenses | $1.8B |
| Operating Expenses | $4.7B |
| Cost & Expenses | $8.0B |
| OPERATING INCOME | $2.9B |
| Interest Income | $6.6B |
| Interest Expense | $3.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $504M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $314M |
| EBIT | $2.9B |
| EBITDA | $3.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $314M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $41M |
| Other Non-Cash Items | $241M |
| Change in Working Capital | -$7.4B |
| OPERATING CASH FLOW | -$4.4B |
| Capital Expenditure | -$428M |
| Acquisitions (Net) | -$48M |
| Purchases of Investments | -$14.9B |
| Sales/Maturities of Investments | $10.3B |
| Other Investing Activities | $9.3B |
| NET CASH FROM INVESTING | $4.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.2B |
| Common Dividends Paid | -$1.0B |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | -$4.9B |
| Net Change in Cash | -$1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48.7B |
| Short-Term Investments | $24.8B |
| Net Receivables | $12.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $85.8B |
| PP&E (Net) | $2.1B |
| Goodwill | $8.1B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $556.1B |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $320.9B |
| TOTAL NON-CURRENT ASSETS | $889.6B |
| TOTAL ASSETS | $975.4B |
| Account Payables | $6.3B |
| Short-Term Debt | $215.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $457.2B |
| TOTAL CURRENT LIABILITIES | $684.6B |
| Long-Term Debt | $119.3B |
| Deferred Revenue NC | $1.7B |
| Deferred Tax Liabilities | $61M |
| Other Non-Current Liabilities | $111.3B |
| TOTAL NON-CURRENT LIABILITIES | $232.3B |
| TOTAL LIABILITIES | $917.0B |
| Common Stock | $12.9B |
| Additional Paid-In Capital | $12.9B |
| Retained Earnings | $37.4B |
| Treasury Stock | -$13M |
| Accum. Other Comp. Income | $3.5B |
| Other Equity | -$12.9B |
| TOTAL STOCKHOLDERS' EQUITY | $58.4B |
| Minority Interest | $69M |
| TOTAL EQUITY | $58.4B |
| TOTAL LIABILITIES & EQUITY | $975.4B |
| Total Debt | $335.3B |
| Net Debt | $286.6B |
