| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $964M | $855M | $840M | 12.7% | 14.8% |
| Op. Income | $163M | $151M | $156M | 7.9% | 4.3% |
| Gross Margin | 96.7% | 94.7% | 93.1% | 2.0pp | 3.6pp |
| Net Margin | 13.6% | 12.8% | 13.6% | 0.8pp | -0.0pp |
| EPS (Diluted) | $1.08 | $0.89 | $0.92 | 21.3% | 17.4% |
| Free Cash Flow | $552M | $329M | $488M | 67.7% | 13.2% |
| Item | Amount |
|---|---|
| REVENUE | $964M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $933M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $567M |
| SG&A Expenses | $567M |
| Other Expenses | $203M |
| Operating Expenses | $770M |
| Cost & Expenses | $802M |
| OPERATING INCOME | $163M |
| Interest Income | $167M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $14M |
| EBIT | $163M |
| EBITDA | $177M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $964M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $933M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $567M |
| SG&A Expenses | $567M |
| Other Expenses | $203M |
| Operating Expenses | $770M |
| Cost & Expenses | $802M |
| OPERATING INCOME | $163M |
| Interest Income | $167M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $14M |
| EBIT | $163M |
| EBITDA | $177M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $131M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $421M |
| OPERATING CASH FLOW | $594M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | -$57M |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $226M |
| Other Investing Activities | -$615M |
| NET CASH FROM INVESTING | -$517M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$35M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $306M |
| NET CASH FROM FINANCING | $256M |
| FREE CASH FLOW | $552M |
| Net Change in Cash | $342M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $3.3B |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.2B |
| Intangible Assets | $162M |
| Long-Term Investments | $14.4B |
| Tax Assets | $104M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $18.2B |
| TOTAL ASSETS | $24.6B |
| Account Payables | $2.6B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.3B |
| TOTAL CURRENT LIABILITIES | $19.0B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $627M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $20.9B |
| Common Stock | $11M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$320M |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $55M |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $24.6B |
| Total Debt | $2.4B |
| Net Debt | $1.2B |
