| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.4B | $10.8B | $10.8B | 5.6% | 6.4% |
| Op. Income | $1.1B | $1.4B | $1.1B | -21.0% | 2.2% |
| Gross Margin | 54.8% | 59.0% | 53.2% | -4.1pp | 1.7pp |
| Net Margin | 5.6% | 7.3% | 25.2% | -1.7pp | -19.6pp |
| EPS (Diluted) | $0.75 | $0.93 | $3.11 | -19.4% | -75.9% |
| Free Cash Flow | -$256M | -$470M | $1.1B | 45.5% | -122.7% |
| Item | Amount |
|---|---|
| REVENUE | $11.4B |
| Cost of Revenue | $5.2B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.5B |
| SG&A Expenses | $3.5B |
| Other Expenses | $1.6B |
| Operating Expenses | $5.1B |
| Cost & Expenses | $10.3B |
| OPERATING INCOME | $1.1B |
| Interest Income | $2M |
| Interest Expense | $298M |
| Other Income/Expenses | -$299M |
| INCOME BEFORE TAX | $838M |
| Income Tax Expense | $198M |
| Net Income from Continuing Ops | $640M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $640M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $640M |
| D&A | $1.6B |
| EBIT | $1.1B |
| EBITDA | $2.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.4B |
| Cost of Revenue | $5.2B |
| GROSS PROFIT | $6.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.5B |
| SG&A Expenses | $3.5B |
| Other Expenses | $1.6B |
| Operating Expenses | $5.1B |
| Cost & Expenses | $10.3B |
| OPERATING INCOME | $1.1B |
| Interest Income | $2M |
| Interest Expense | $298M |
| Other Income/Expenses | -$299M |
| INCOME BEFORE TAX | $838M |
| Income Tax Expense | $198M |
| Net Income from Continuing Ops | $640M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $640M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $640M |
| D&A | $1.6B |
| EBIT | $1.1B |
| EBITDA | $2.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $640M |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $100M |
| Deferred Income Tax | $218M |
| Other Non-Cash Items | $140M |
| Change in Working Capital | -$1.8B |
| OPERATING CASH FLOW | $954M |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.4B |
| NET CASH FROM INVESTING | $231M |
| Net Debt Issuance | -$246M |
| Common Stock Repurchased | -$57M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$311M |
| FREE CASH FLOW | -$256M |
| Net Change in Cash | $874M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $4.3B |
| Inventory | $1.1B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $8.3B |
| PP&E (Net) | $23.4B |
| Goodwill | $1.9B |
| Intangible Assets | $35.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $64.2B |
| TOTAL ASSETS | $72.5B |
| Account Payables | $5.5B |
| Short-Term Debt | $841M |
| Deferred Revenue | $698M |
| Other Current Liabilities | -$54M |
| TOTAL CURRENT LIABILITIES | $10.3B |
| Long-Term Debt | $12.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.5B |
| Other Non-Current Liabilities | $18.3B |
| TOTAL NON-CURRENT LIABILITIES | $37.5B |
| TOTAL LIABILITIES | $47.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $38.0B |
| Retained Earnings | -$13.0B |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$332M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $24.7B |
| TOTAL LIABILITIES & EQUITY | $72.5B |
| Total Debt | $16.4B |
| Net Debt | $15.2B |
