| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | $2.9B | 1.8% | 5.3% |
| Op. Income | $377M | $299M | $310M | 26.1% | 21.9% |
| Gross Margin | 29.5% | 28.4% | 27.9% | 1.1pp | 1.5pp |
| Net Margin | 9.8% | 8.1% | 8.6% | 1.6pp | 1.1pp |
| EPS (Diluted) | $1.44 | $1.16 | $1.15 | 24.1% | 25.2% |
| Free Cash Flow | $441M | $272M | $405M | 62.6% | 9.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $894M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $221M |
| SG&A Expenses | $221M |
| Other Expenses | $296M |
| Operating Expenses | $517M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $377M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $377M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $296M |
| D&A | $28M |
| EBIT | $424M |
| EBITDA | $452M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $894M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $221M |
| SG&A Expenses | $221M |
| Other Expenses | $296M |
| Operating Expenses | $517M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $377M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $377M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $296M |
| D&A | $28M |
| EBIT | $424M |
| EBITDA | $452M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $296M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $173M |
| OPERATING CASH FLOW | $485M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$66M |
| NET CASH FROM INVESTING | -$188M |
| Net Debt Issuance | -$112M |
| Common Stock Repurchased | -$103M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$290M |
| FREE CASH FLOW | $441M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $643M |
| Goodwill | $352M |
| Intangible Assets | $0 |
| Long-Term Investments | $55.8B |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $8.6B |
| TOTAL NON-CURRENT ASSETS | $66.7B |
| TOTAL ASSETS | $68.4B |
| Account Payables | $0 |
| Short-Term Debt | $426M |
| Deferred Revenue | $364M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $790M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $53.1B |
| TOTAL NON-CURRENT LIABILITIES | $57.6B |
| TOTAL LIABILITIES | $58.4B |
| Common Stock | $31M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $10.7B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | $37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $68.4B |
| Total Debt | $3.5B |
| Net Debt | $3.4B |
