| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $894M | $985M | 12.8% | 2.4% |
| Op. Income | $340M | $306M | $346M | 11.0% | -1.7% |
| Gross Margin | 49.9% | 50.5% | 50.7% | -0.6pp | -0.7pp |
| Net Margin | 28.3% | 32.0% | 28.6% | -3.7pp | -0.3pp |
| EPS (Diluted) | $1.58 | $1.57 | $1.51 | 0.6% | 4.6% |
| Free Cash Flow | $95M | $64M | $328M | 49.1% | -70.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $505M |
| GROSS PROFIT | $504M |
| R&D Expenses | $103M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $6M |
| Operating Expenses | $164M |
| Cost & Expenses | $668M |
| OPERATING INCOME | $340M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $343M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $286M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $286M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $286M |
| D&A | $84M |
| EBIT | $340M |
| EBITDA | $424M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $505M |
| GROSS PROFIT | $504M |
| R&D Expenses | $103M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $6M |
| Operating Expenses | $164M |
| Cost & Expenses | $668M |
| OPERATING INCOME | $340M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $343M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $286M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $286M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $286M |
| D&A | $84M |
| EBIT | $340M |
| EBITDA | $424M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $286M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$170M |
| OPERATING CASH FLOW | $208M |
| Capital Expenditure | -$112M |
| Acquisitions (Net) | -$404M |
| Purchases of Investments | -$161M |
| Sales/Maturities of Investments | $336M |
| Other Investing Activities | -$404M |
| NET CASH FROM INVESTING | -$341M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$236M |
| Common Dividends Paid | -$68M |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$291M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | -$425M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $733M |
| Short-Term Investments | $294M |
| Net Receivables | $656M |
| Inventory | $490M |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.2B |
| Intangible Assets | $144M |
| Long-Term Investments | $23M |
| Tax Assets | $37M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $230M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $75M |
| TOTAL CURRENT LIABILITIES | $390M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $311M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $342M |
| TOTAL LIABILITIES | $732M |
| Common Stock | $44M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $3.7B |
| Treasury Stock | -$2.7B |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $0 |
| Net Debt | -$733M |
