| Metric | Q4 2013 | Q3 2013 | Q4 2012 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28.4B | — | $30.3B | — | -6.3% |
| Op. Income | $4.5B | — | $4.0B | — | 12.6% |
| Gross Margin | -19.6% | — | -17.1% | — | -2.5pp |
| Net Margin | 9.9% | — | 8.7% | — | 1.3pp |
| EPS (Diluted) | $0.97 | — | $0.89 | — | 9.2% |
| Free Cash Flow | $3.5B | — | $3.7B | — | -3.7% |
| Item | Amount |
|---|---|
| REVENUE | $28.4B |
| Cost of Revenue | $34.0B |
| GROSS PROFIT | -$5.6B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $8.6B |
| General & Administrative | $5.5B |
| SG&A Expenses | $14.2B |
| Other Expenses | $0 |
| Operating Expenses | $9.8B |
| Cost & Expenses | $43.8B |
| OPERATING INCOME | $4.5B |
| Interest Income | $194M |
| Interest Expense | $0 |
| Other Income/Expenses | -$496M |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $0 |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $474M |
| EBIT | $4.5B |
| EBITDA | $5.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.8B |
| Depreciation & Amortization | $474M |
| Stock-Based Compensation | $141M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.2B |
| Change in Working Capital | $298M |
| OPERATING CASH FLOW | $4.9B |
| Capital Expenditure | -$1.4B |
| Acquisitions (Net) | $329M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $602M |
| NET CASH FROM INVESTING | -$424M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$1.8B |
| Other Financing Activities | -$4.1B |
| NET CASH FROM FINANCING | -$5.9B |
| FREE CASH FLOW | $3.5B |
| Net Change in Cash | -$678M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $889M |
| Net Receivables | $5.6B |
| Inventory | $4.6B |
| Other Current Assets | $6.0B |
| TOTAL CURRENT ASSETS | $14.2B |
| PP&E (Net) | $10.9B |
| Goodwill | $16.3B |
| Intangible Assets | $8.2B |
| Long-Term Investments | -$192M |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $39.0B |
| TOTAL ASSETS | $53.2B |
| Account Payables | $8.2B |
| Short-Term Debt | $4.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.8B |
| TOTAL CURRENT LIABILITIES | $20.3B |
| Long-Term Debt | $8.3B |
| Deferred Revenue NC | $4.9B |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $277M |
| TOTAL NON-CURRENT LIABILITIES | $15.6B |
| TOTAL LIABILITIES | $35.9B |
| Common Stock | $566M |
| Additional Paid-In Capital | $161M |
| Retained Earnings | $23.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9.2B |
| Other Equity | -$4.5B |
| TOTAL STOCKHOLDERS' EQUITY | $16.8B |
| Minority Interest | $551M |
| TOTAL EQUITY | $17.3B |
| TOTAL LIABILITIES & EQUITY | $53.2B |
| Total Debt | $12.7B |
| Net Debt | $11.6B |
