| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.9B | $11.1B | $11.4B | 7.4% | 3.8% |
| Op. Income | $1.2B | $1.5B | $1.1B | -16.1% | 8.5% |
| Gross Margin | 56.1% | 59.9% | 54.8% | -3.8pp | 1.3pp |
| Net Margin | 6.3% | 7.9% | 5.6% | -1.5pp | 0.7pp |
| EPS (Diluted) | $0.87 | $1.01 | $0.75 | -13.9% | 16.0% |
| Free Cash Flow | $276M | $221M | -$256M | 24.9% | 207.8% |
| Item | Amount |
|---|---|
| REVENUE | $11.9B |
| Cost of Revenue | $5.2B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.7B |
| Other Expenses | $1.8B |
| Operating Expenses | $5.4B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $7M |
| Interest Expense | $280M |
| Other Income/Expenses | -$269M |
| INCOME BEFORE TAX | $965M |
| Income Tax Expense | $214M |
| Net Income from Continuing Ops | $751M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $751M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $751M |
| D&A | $1.8B |
| EBIT | $1.2B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.9B |
| Cost of Revenue | $5.2B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.7B |
| Other Expenses | $1.8B |
| Operating Expenses | $5.4B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $1.2B |
| Interest Income | $7M |
| Interest Expense | $280M |
| Other Income/Expenses | -$269M |
| INCOME BEFORE TAX | $965M |
| Income Tax Expense | $214M |
| Net Income from Continuing Ops | $751M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $751M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $751M |
| D&A | $1.8B |
| EBIT | $1.2B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $751M |
| Depreciation & Amortization | $1.8B |
| Stock-Based Compensation | $129M |
| Deferred Income Tax | $242M |
| Other Non-Cash Items | $200M |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $374M |
| NET CASH FROM INVESTING | -$887M |
| Net Debt Issuance | -$723M |
| Common Stock Repurchased | -$48M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$775M |
| FREE CASH FLOW | $276M |
| Net Change in Cash | -$125M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $4.5B |
| Inventory | $964M |
| Other Current Assets | $2.0B |
| TOTAL CURRENT ASSETS | $9.3B |
| PP&E (Net) | $35.6B |
| Goodwill | $1.9B |
| Intangible Assets | $36.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.5B |
| TOTAL NON-CURRENT ASSETS | $77.6B |
| TOTAL ASSETS | $86.9B |
| Account Payables | $4.3B |
| Short-Term Debt | $25M |
| Deferred Revenue | $631M |
| Other Current Liabilities | $1.7B |
| TOTAL CURRENT LIABILITIES | $12.5B |
| Long-Term Debt | $24.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.6B |
| Other Non-Current Liabilities | $954M |
| TOTAL NON-CURRENT LIABILITIES | $45.6B |
| TOTAL LIABILITIES | $58.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $38.5B |
| Retained Earnings | -$8.8B |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$868M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $28.8B |
| TOTAL LIABILITIES & EQUITY | $86.9B |
| Total Debt | $42.3B |
| Net Debt | $40.8B |
