| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.6B | $3.3B | 4.3% | 15.4% |
| Op. Income | $358M | $400M | $185M | -10.5% | 93.7% |
| Gross Margin | 93.8% | 94.2% | 82.1% | -0.4pp | 11.7pp |
| Net Margin | 6.2% | 7.2% | 3.4% | -1.0pp | 2.8pp |
| EPS (Diluted) | $3.68 | $4.11 | $1.72 | -10.5% | 114.0% |
| Free Cash Flow | $534M | $788M | $472M | -32.3% | 13.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $234M |
| GROSS PROFIT | $3.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $9.1B |
| Operating Expenses | $3.4B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $358M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | $1.1B |
| INCOME BEFORE TAX | $308M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $235M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $235M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $235M |
| D&A | -$358M |
| EBIT | $358M |
| EBITDA | -$50M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $234M |
| GROSS PROFIT | $3.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $9.1B |
| Operating Expenses | $3.4B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $358M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | $1.1B |
| INCOME BEFORE TAX | $308M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $235M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $235M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $235M |
| D&A | -$358M |
| EBIT | $358M |
| EBITDA | -$50M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $235M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$75M |
| Change in Working Capital | $383M |
| OPERATING CASH FLOW | $544M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $439.0K |
| Purchases of Investments | -$4.8B |
| Sales/Maturities of Investments | $3.3B |
| Other Investing Activities | -$111M |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | -$415M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $359M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $534M |
| Net Change in Cash | -$1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $145M |
| Goodwill | $7M |
| Intangible Assets | $3.7B |
| Long-Term Investments | $66.5B |
| Tax Assets | -$66.5B |
| Other Non-Current Assets | $71.4B |
| TOTAL NON-CURRENT ASSETS | $75.3B |
| TOTAL ASSETS | $76.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.7B |
| Other Current Liabilities | -$2.7B |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $8.0B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | $3.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.6B |
| TOTAL LIABILITIES & EQUITY | $15.2B |
| Total Debt | $3.6B |
| Net Debt | $2.1B |
