| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.9B | $2.8B | -1.6% | 1.5% |
| Op. Income | $352M | -$335M | $385M | 205.0% | -8.7% |
| Gross Margin | 94.0% | 99.9% | 89.4% | -5.9pp | 4.6pp |
| Net Margin | 8.6% | -9.7% | 9.4% | 18.4pp | -0.8pp |
| EPS (Diluted) | $1.15 | $-1.30 | $1.19 | 188.5% | -3.4% |
| Free Cash Flow | $405M | $351M | $247M | 15.1% | 63.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $173M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $220M |
| Other Expenses | $8.2B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $352M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | $628M |
| INCOME BEFORE TAX | $310M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $249M |
| D&A | -$352M |
| EBIT | $352M |
| EBITDA | -$42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $173M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $220M |
| Other Expenses | $8.2B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $352M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | $628M |
| INCOME BEFORE TAX | $310M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $249M |
| D&A | -$352M |
| EBIT | $352M |
| EBITDA | -$42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $249M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $38M |
| Change in Working Capital | $113M |
| OPERATING CASH FLOW | $453M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | -$145M |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | -$249M |
| Other Investing Activities | -$149M |
| NET CASH FROM INVESTING | -$343M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$55M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$231M |
| FREE CASH FLOW | $405M |
| Net Change in Cash | -$120M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $94M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $547M |
| Goodwill | $350M |
| Intangible Assets | $2.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $58.5B |
| TOTAL NON-CURRENT ASSETS | $61.8B |
| TOTAL ASSETS | $61.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $117M |
| Other Current Liabilities | -$117M |
| TOTAL CURRENT LIABILITIES | $117M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $31M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $9.9B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | -$814M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.6B |
| TOTAL LIABILITIES & EQUITY | $11.6B |
| Total Debt | $3.0B |
| Net Debt | $2.9B |
