| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $1.5B | 2.5% | 37.8% |
| Op. Income | $399M | $476M | $459M | -16.2% | -13.1% |
| Gross Margin | 50.0% | 51.2% | 53.8% | -1.1pp | -3.8pp |
| Net Margin | 11.8% | 12.2% | 16.8% | -0.4pp | -5.0pp |
| EPS (Diluted) | $0.50 | $0.50 | $0.60 | 0.0% | -16.7% |
| Free Cash Flow | $408M | $465M | $417M | -12.3% | -2.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $74M |
| Selling & Marketing | $289M |
| General & Administrative | $145M |
| SG&A Expenses | $434M |
| Other Expenses | $125M |
| Operating Expenses | $633M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $399M |
| Interest Income | $0 |
| Interest Expense | $99M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $243M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $243M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $245M |
| D&A | $124M |
| EBIT | $398M |
| EBITDA | $522M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $74M |
| Selling & Marketing | $289M |
| General & Administrative | $145M |
| SG&A Expenses | $434M |
| Other Expenses | $125M |
| Operating Expenses | $633M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $399M |
| Interest Income | $0 |
| Interest Expense | $99M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $243M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $243M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $245M |
| D&A | $124M |
| EBIT | $398M |
| EBITDA | $522M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $243M |
| Depreciation & Amortization | $124M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | $49M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $532M |
| Capital Expenditure | -$124M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | -$68M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | -$43M |
| NET CASH FROM FINANCING | -$373M |
| FREE CASH FLOW | $408M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $0 |
| Net Receivables | $670M |
| Inventory | $11M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $2.1B |
| Goodwill | $3.8B |
| Intangible Assets | $3.5B |
| Long-Term Investments | $321M |
| Tax Assets | $153M |
| Other Non-Current Assets | $270M |
| TOTAL NON-CURRENT ASSETS | $10.1B |
| TOTAL ASSETS | $11.1B |
| Account Payables | $1.2B |
| Short-Term Debt | $2M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $7.8B |
| Deferred Revenue NC | $130M |
| Deferred Tax Liabilities | $70M |
| Other Non-Current Liabilities | $94M |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $11.9B |
| Common Stock | $4M |
| Additional Paid-In Capital | $395M |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$736M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$736M |
| TOTAL LIABILITIES & EQUITY | $11.1B |
| Total Debt | $8.3B |
| Net Debt | $8.2B |
