| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.8B | $6.3B | $6.5B | 8.9% | 4.9% |
| Op. Income | $1.3B | $988M | $1.2B | 28.4% | 6.9% |
| Gross Margin | 40.0% | 44.1% | 40.4% | -4.1pp | -0.4pp |
| Net Margin | 14.7% | 12.1% | 13.8% | 2.6pp | 0.9pp |
| EPS (Diluted) | $2.49 | $1.88 | $2.22 | 32.4% | 12.2% |
| Free Cash Flow | $1.6B | $901M | $1.5B | 80.2% | 7.1% |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $262M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $1.3B |
| Interest Income | $45M |
| Interest Expense | $142M |
| Other Income/Expenses | -$231M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $576M |
| EBIT | $1.2B |
| EBITDA | $1.8B |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $262M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $1.3B |
| Interest Income | $45M |
| Interest Expense | $142M |
| Other Income/Expenses | -$231M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $576M |
| EBIT | $1.2B |
| EBITDA | $1.8B |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $576M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $149M |
| Change in Working Capital | $135M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$289M |
| Acquisitions (Net) | -$156M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $106M |
| NET CASH FROM INVESTING | -$339M |
| Net Debt Issuance | -$4.7B |
| Common Stock Repurchased | -$750M |
| Common Dividends Paid | -$76M |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$514M |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $0 |
| Net Receivables | $5.0B |
| Inventory | $3.4B |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $11.9B |
| PP&E (Net) | $5.4B |
| Goodwill | $25.7B |
| Intangible Assets | $14.0B |
| Long-Term Investments | $35M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $46.5B |
| TOTAL ASSETS | $58.4B |
| Account Payables | $1.9B |
| Short-Term Debt | $843M |
| Deferred Revenue | $916M |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $17.1B |
| Deferred Revenue NC | $594M |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $22.5B |
| TOTAL LIABILITIES | $28.7B |
| Common Stock | $434M |
| Additional Paid-In Capital | $15.1B |
| Retained Earnings | $22.1B |
| Treasury Stock | -$5.2B |
| Accum. Other Comp. Income | -$2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.7B |
| TOTAL LIABILITIES & EQUITY | $58.2B |
| Total Debt | $18.5B |
| Net Debt | $16.1B |
