| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.1B | $5.8B | $5.4B | 5.1% | 12.9% |
| Op. Income | $3.7B | $3.9B | $3.4B | -4.4% | 9.7% |
| Gross Margin | 82.7% | 81.9% | 81.5% | 0.7pp | 1.1pp |
| Net Margin | 49.3% | 53.1% | 52.4% | -3.8pp | -3.1pp |
| EPS (Diluted) | $1.34 | $1.37 | $1.23 | -2.2% | 8.9% |
| Free Cash Flow | $3.8B | $3.2B | $3.3B | 18.9% | 15.0% |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $306M |
| General & Administrative | $490M |
| SG&A Expenses | $796M |
| Other Expenses | $542M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $3.7B |
| Interest Income | $0 |
| Interest Expense | $120M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $686M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $172M |
| EBIT | $3.8B |
| EBITDA | $4.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $306M |
| General & Administrative | $490M |
| SG&A Expenses | $796M |
| Other Expenses | $542M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $3.7B |
| Interest Income | $0 |
| Interest Expense | $120M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $686M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $172M |
| EBIT | $3.8B |
| EBITDA | $4.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.0B |
| Depreciation & Amortization | $172M |
| Stock-Based Compensation | $86M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $1.6B |
| Change in Working Capital | -$845M |
| OPERATING CASH FLOW | $4.0B |
| Capital Expenditure | -$249M |
| Acquisitions (Net) | -$563M |
| Purchases of Investments | -$351M |
| Sales/Maturities of Investments | $128M |
| Other Investing Activities | $31M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.1B |
| Common Dividends Paid | -$563M |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | -$2.7B |
| FREE CASH FLOW | $3.8B |
| Net Change in Cash | $163M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.8B |
| Short-Term Investments | $4.2B |
| Net Receivables | $4.6B |
| Inventory | $0 |
| Other Current Assets | $3.6B |
| TOTAL CURRENT ASSETS | $21.0B |
| PP&E (Net) | $2.7B |
| Goodwill | $15.7B |
| Intangible Assets | $26.8B |
| Long-Term Investments | $2.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.3B |
| TOTAL NON-CURRENT ASSETS | $51.6B |
| TOTAL ASSETS | $72.6B |
| Account Payables | $156M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.1B |
| TOTAL CURRENT LIABILITIES | $13.4B |
| Long-Term Debt | $16.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.8B |
| Other Non-Current Liabilities | $2.9B |
| TOTAL NON-CURRENT LIABILITIES | $24.5B |
| TOTAL LIABILITIES | $37.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $16.5B |
| Retained Earnings | $13.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$650M |
| Other Equity | -$171M |
| TOTAL STOCKHOLDERS' EQUITY | $34.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $34.7B |
| TOTAL LIABILITIES & EQUITY | $72.6B |
| Total Debt | $16.7B |
| Net Debt | $8.9B |
