| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $2.8B | $2.4B | 5.3% | 25.2% |
| Op. Income | $1.2B | $1.2B | $953M | -0.7% | 27.0% |
| Gross Margin | 90.3% | 91.9% | 95.0% | -1.6pp | -4.7pp |
| Net Margin | 31.6% | 32.9% | 25.3% | -1.3pp | 6.3pp |
| EPS (Diluted) | $0.65 | $0.65 | $0.41 | 0.0% | 58.5% |
| Free Cash Flow | $7.6B | $1.1B | -$698M | 576.5% | 1193.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $288M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $992M |
| Other Expenses | $467M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $1.2B |
| Interest Income | $1.9B |
| Interest Expense | $288M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $275M |
| Net Income from Continuing Ops | $935M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $935M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $885M |
| D&A | $80M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $288M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $992M |
| Other Expenses | $467M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $1.2B |
| Interest Income | $1.9B |
| Interest Expense | $288M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $275M |
| Net Income from Continuing Ops | $935M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $935M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $885M |
| D&A | $80M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $935M |
| Depreciation & Amortization | $80M |
| Stock-Based Compensation | $84M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $152M |
| Change in Working Capital | $6.5B |
| OPERATING CASH FLOW | $7.8B |
| Capital Expenditure | -$170M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23.3B |
| Sales/Maturities of Investments | $9.0B |
| Other Investing Activities | -$64M |
| NET CASH FROM INVESTING | -$14.5B |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$208M |
| Other Financing Activities | $17.0B |
| NET CASH FROM FINANCING | $17.9B |
| FREE CASH FLOW | $7.6B |
| Net Change in Cash | $11.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27.9B |
| Short-Term Investments | $66.6B |
| Net Receivables | $23.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $117.7B |
| PP&E (Net) | $1.8B |
| Goodwill | $1.2B |
| Intangible Assets | $152M |
| Long-Term Investments | $161.6B |
| Tax Assets | $3M |
| Other Non-Current Assets | $14.0B |
| TOTAL NON-CURRENT ASSETS | $178.7B |
| TOTAL ASSETS | $296.5B |
| Account Payables | $32.7B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $231.4B |
| TOTAL CURRENT LIABILITIES | $268.9B |
| Long-Term Debt | $6.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $268.9B |
| TOTAL NON-CURRENT LIABILITIES | $275.8B |
| TOTAL LIABILITIES | $275.8B |
| Common Stock | $15M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | $17.3B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | -$252M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $20.7B |
| TOTAL LIABILITIES & EQUITY | $296.5B |
| Total Debt | $6.9B |
| Net Debt | -$21.1B |
