| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $5.2B | $4.9B | 3.7% | 11.9% |
| Op. Income | $3.4B | $2.9B | $3.2B | 18.1% | 6.0% |
| Gross Margin | 81.5% | 80.5% | 83.1% | 1.0pp | -1.5pp |
| Net Margin | 52.4% | 44.4% | 44.1% | 7.9pp | 8.3pp |
| EPS (Diluted) | $1.23 | $1.00 | $0.90 | 23.0% | 36.7% |
| Free Cash Flow | $3.3B | $3.5B | $2.6B | -4.9% | 28.3% |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $264M |
| General & Administrative | $591M |
| SG&A Expenses | $855M |
| Other Expenses | $170M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $3.4B |
| Interest Income | $0 |
| Interest Expense | $150M |
| Other Income/Expenses | $132M |
| INCOME BEFORE TAX | $3.5B |
| Income Tax Expense | $693M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | -$101M |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $163M |
| EBIT | $3.7B |
| EBITDA | $3.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $264M |
| General & Administrative | $591M |
| SG&A Expenses | $855M |
| Other Expenses | $170M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $3.4B |
| Interest Income | $0 |
| Interest Expense | $150M |
| Other Income/Expenses | $132M |
| INCOME BEFORE TAX | $3.5B |
| Income Tax Expense | $693M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | -$101M |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $163M |
| EBIT | $3.7B |
| EBITDA | $3.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.8B |
| Depreciation & Amortization | $163M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | -$144M |
| Other Non-Cash Items | $1.5B |
| Change in Working Capital | -$925M |
| OPERATING CASH FLOW | $3.5B |
| Capital Expenditure | -$195M |
| Acquisitions (Net) | $718M |
| Purchases of Investments | -$2.4B |
| Sales/Maturities of Investments | $849M |
| Other Investing Activities | -$718M |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.6B |
| Common Dividends Paid | -$483M |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | -$2.0B |
| FREE CASH FLOW | $3.3B |
| Net Change in Cash | -$343M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.2B |
| Short-Term Investments | $3.5B |
| Net Receivables | $2.8B |
| Inventory | $0 |
| Other Current Assets | $3.2B |
| TOTAL CURRENT ASSETS | $18.2B |
| PP&E (Net) | $2.5B |
| Goodwill | $15.2B |
| Intangible Assets | $27.6B |
| Long-Term Investments | $4.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $51.0B |
| TOTAL ASSETS | $69.2B |
| Account Payables | $183M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.0B |
| TOTAL CURRENT LIABILITIES | $11.3B |
| Long-Term Debt | $16.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.6B |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $23.9B |
| TOTAL LIABILITIES | $35.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $16.7B |
| Retained Earnings | $11.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $547M |
| Other Equity | -$7M |
| TOTAL STOCKHOLDERS' EQUITY | $34.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $34.0B |
| TOTAL LIABILITIES & EQUITY | $69.2B |
| Total Debt | $16.6B |
| Net Debt | $8.5B |
