| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $827M | $767M | $1.0B | 7.9% | -17.9% |
| Op. Income | $234M | $160M | $340M | 46.6% | -31.2% |
| Gross Margin | 49.1% | 40.7% | 49.9% | 8.3pp | -0.9pp |
| Net Margin | 25.5% | 18.8% | 28.3% | 6.7pp | -2.9pp |
| EPS (Diluted) | $1.22 | $0.83 | $1.58 | 47.0% | -22.8% |
| Free Cash Flow | $319M | $122M | $95M | 162.9% | 235.2% |
| Item | Amount |
|---|---|
| REVENUE | $827M |
| Cost of Revenue | $421M |
| GROSS PROFIT | $406M |
| R&D Expenses | $107M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $10M |
| Operating Expenses | $172M |
| Cost & Expenses | $594M |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $100.0K |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $211M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $211M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $211M |
| D&A | $93M |
| EBIT | $239M |
| EBITDA | $332M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $827M |
| Cost of Revenue | $421M |
| GROSS PROFIT | $406M |
| R&D Expenses | $107M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $10M |
| Operating Expenses | $172M |
| Cost & Expenses | $594M |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $100.0K |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $211M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $211M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $211M |
| D&A | $93M |
| EBIT | $239M |
| EBITDA | $332M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $211M |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $69M |
| OPERATING CASH FLOW | $417M |
| Capital Expenditure | -$98M |
| Acquisitions (Net) | $423M |
| Purchases of Investments | -$117M |
| Sales/Maturities of Investments | $113M |
| Other Investing Activities | -$423M |
| NET CASH FROM INVESTING | -$102M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$148M |
| Common Dividends Paid | -$75M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | -$207M |
| FREE CASH FLOW | $319M |
| Net Change in Cash | $109M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $851M |
| Short-Term Investments | $203M |
| Net Receivables | $465M |
| Inventory | $610M |
| Other Current Assets | $105M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.2B |
| Intangible Assets | $108M |
| Long-Term Investments | $28M |
| Tax Assets | $41M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $191M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $108M |
| TOTAL CURRENT LIABILITIES | $374M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $312M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $343M |
| TOTAL LIABILITIES | $717M |
| Common Stock | $43M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $4.3B |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | -$8M |
| 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 | -$851M |
