| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.1B | 5.2% | 8.3% |
| Op. Income | $261M | $228M | $212M | 14.8% | 23.0% |
| Gross Margin | 45.3% | 43.8% | 42.6% | 1.5pp | 2.8pp |
| Net Margin | 11.8% | 8.3% | 5.3% | 3.5pp | 6.5pp |
| EPS (Diluted) | $0.54 | $0.36 | $0.23 | 50.0% | 134.8% |
| Free Cash Flow | $542M | $299M | $286M | 81.4% | 89.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $658M |
| GROSS PROFIT | $546M |
| R&D Expenses | $100M |
| Selling & Marketing | $93M |
| General & Administrative | $91M |
| SG&A Expenses | $184M |
| Other Expenses | $0 |
| Operating Expenses | $284M |
| Cost & Expenses | $942M |
| OPERATING INCOME | $261M |
| Interest Income | $0 |
| Interest Expense | $101M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $192M |
| EBIT | $266M |
| EBITDA | $459M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $658M |
| GROSS PROFIT | $546M |
| R&D Expenses | $100M |
| Selling & Marketing | $93M |
| General & Administrative | $91M |
| SG&A Expenses | $184M |
| Other Expenses | $0 |
| Operating Expenses | $284M |
| Cost & Expenses | $942M |
| OPERATING INCOME | $261M |
| Interest Income | $0 |
| Interest Expense | $101M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $192M |
| EBIT | $266M |
| EBITDA | $459M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $142M |
| Depreciation & Amortization | $192M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $227M |
| OPERATING CASH FLOW | $573M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | -$99M |
| Purchases of Investments | -$200.0K |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | -$495M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $728M |
| NET CASH FROM FINANCING | $202M |
| FREE CASH FLOW | $542M |
| Net Change in Cash | $679M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $153M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $842M |
| Goodwill | $8.0B |
| Intangible Assets | $4.5B |
| Long-Term Investments | $395M |
| Tax Assets | $0 |
| Other Non-Current Assets | $263M |
| TOTAL NON-CURRENT ASSETS | $14.0B |
| TOTAL ASSETS | $16.7B |
| Account Payables | $37M |
| Short-Term Debt | $76M |
| Deferred Revenue | $333M |
| Other Current Liabilities | $2.0B |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $7.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $334M |
| TOTAL NON-CURRENT LIABILITIES | $8.8B |
| TOTAL LIABILITIES | $11.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$78M |
| Accum. Other Comp. Income | -$253M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $16.7B |
| Total Debt | $7.5B |
| Net Debt | $7.3B |
