| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.7B | $7.0B | — | 23.4% | — |
| Op. Income | $2.8B | $1.4B | — | 94.1% | — |
| Gross Margin | 72.9% | 68.3% | — | 4.6pp | — |
| Net Margin | 22.7% | 16.1% | — | 6.5pp | — |
| EPS (Diluted) | $1.65 | $0.95 | — | 74.1% | — |
| Free Cash Flow | $593M | $200M | — | 196.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $2.1B |
| General & Administrative | $311M |
| SG&A Expenses | $2.4B |
| Other Expenses | $14M |
| Operating Expenses | $3.5B |
| Cost & Expenses | $5.9B |
| OPERATING INCOME | $2.8B |
| Interest Income | $119M |
| Interest Expense | $221M |
| Other Income/Expenses | -$112M |
| INCOME BEFORE TAX | $2.7B |
| Income Tax Expense | $720M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $440M |
| EBIT | $2.9B |
| EBITDA | $3.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $2.1B |
| General & Administrative | $311M |
| SG&A Expenses | $2.4B |
| Other Expenses | $14M |
| Operating Expenses | $3.5B |
| Cost & Expenses | $5.9B |
| OPERATING INCOME | $2.8B |
| Interest Income | $119M |
| Interest Expense | $221M |
| Other Income/Expenses | -$112M |
| INCOME BEFORE TAX | $2.7B |
| Income Tax Expense | $720M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $440M |
| EBIT | $2.9B |
| EBITDA | $3.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $440M |
| Stock-Based Compensation | -$11M |
| Deferred Income Tax | $720M |
| Other Non-Cash Items | -$604M |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | $958M |
| Capital Expenditure | -$365M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | -$358M |
| Sales/Maturities of Investments | $209M |
| Other Investing Activities | -$364M |
| NET CASH FROM INVESTING | -$534M |
| Net Debt Issuance | $4.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $4.4B |
| FREE CASH FLOW | $593M |
| Net Change in Cash | $4.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.1B |
| Short-Term Investments | $524M |
| Net Receivables | $7.8B |
| Inventory | $0 |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $19.4B |
| PP&E (Net) | $4.2B |
| Goodwill | $27.7B |
| Intangible Assets | $3.8B |
| Long-Term Investments | $1.8B |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $40.8B |
| TOTAL ASSETS | $60.2B |
| Account Payables | $1.7B |
| Short-Term Debt | $898M |
| Deferred Revenue | $3.5B |
| Other Current Liabilities | $6.1B |
| TOTAL CURRENT LIABILITIES | $12.3B |
| Long-Term Debt | $12.3B |
| Deferred Revenue NC | $103M |
| Deferred Tax Liabilities | $113M |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $14.2B |
| TOTAL LIABILITIES | $26.4B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $635M |
| Retained Earnings | $32.0B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | $1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33.7B |
| Minority Interest | $53M |
| TOTAL EQUITY | $33.8B |
| TOTAL LIABILITIES & EQUITY | $60.2B |
| Total Debt | $13.2B |
| Net Debt | $3.1B |
