| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | $2.9B | 2.5% | 5.3% |
| Op. Income | $426M | $371M | $352M | 14.9% | 21.2% |
| Gross Margin | 94.4% | 98.6% | 94.0% | -4.2pp | 0.4pp |
| Net Margin | 9.8% | 8.2% | 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 | $171M |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $221M |
| Other Expenses | $7.8B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $426M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | $1.4B |
| 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 | -$426M |
| EBIT | $424M |
| EBITDA | -$49M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $171M |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $221M |
| Other Expenses | $7.8B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $426M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | $1.4B |
| 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 | -$426M |
| EBIT | $424M |
| EBITDA | -$49M |
| 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 | -$38M |
| Change in Working Capital | $173M |
| OPERATING CASH FLOW | $485M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$144M |
| NET CASH FROM INVESTING | -$188M |
| Net Debt Issuance | -$112M |
| Common Stock Repurchased | -$103M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | -$17M |
| 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 | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $84M |
| PP&E (Net) | $643M |
| Goodwill | $352M |
| Intangible Assets | $2.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $63.5B |
| TOTAL NON-CURRENT ASSETS | $66.9B |
| TOTAL ASSETS | $67.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $123M |
| Other Current Liabilities | -$123M |
| TOTAL CURRENT LIABILITIES | $522M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $2.9B |
| 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 | $12.9B |
| Total Debt | $2.9B |
| Net Debt | $2.8B |
