| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $769M | $822M | 30.0% | 21.7% |
| Op. Income | $264M | $205M | $198M | 29.2% | 33.7% |
| Gross Margin | 29.2% | 30.3% | 27.5% | -1.2pp | 1.6pp |
| Net Margin | 34.0% | 24.8% | 22.7% | 9.1pp | 11.3pp |
| EPS (Diluted) | $0.43 | $0.24 | $0.24 | 77.8% | 83.3% |
| Free Cash Flow | -$347M | $207M | -$222M | -267.5% | -56.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $709M |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | -$30M |
| Operating Expenses | $27M |
| Cost & Expenses | $736M |
| OPERATING INCOME | $264M |
| Interest Income | $22M |
| Interest Expense | $0 |
| Other Income/Expenses | $123M |
| INCOME BEFORE TAX | $387M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $339M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $340M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $340M |
| D&A | $0 |
| EBIT | $386M |
| EBITDA | $386M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $709M |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | -$30M |
| Operating Expenses | $27M |
| Cost & Expenses | $736M |
| OPERATING INCOME | $264M |
| Interest Income | $22M |
| Interest Expense | $0 |
| Other Income/Expenses | $123M |
| INCOME BEFORE TAX | $387M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $339M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $340M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $340M |
| D&A | $0 |
| EBIT | $386M |
| EBITDA | $386M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $340M |
| Depreciation & Amortization | $56M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$130M |
| OPERATING CASH FLOW | $330M |
| Capital Expenditure | -$677M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$298M |
| NET CASH FROM INVESTING | -$298M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$111M |
| Common Dividends Paid | -$186M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$347M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $770M |
| Short-Term Investments | $1.6B |
| Net Receivables | $102M |
| Inventory | $6M |
| Other Current Assets | $351M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $2.0B |
| Goodwill | $620M |
| Intangible Assets | $374M |
| Long-Term Investments | $593M |
| Tax Assets | $59M |
| Other Non-Current Assets | $170M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $216M |
| Short-Term Debt | $0 |
| Deferred Revenue | $177M |
| Other Current Liabilities | $189M |
| TOTAL CURRENT LIABILITIES | $976M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $118M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $75.5K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$210M |
| Accum. Other Comp. Income | $99M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.6B |
| Minority Interest | $15M |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $117M |
| Net Debt | -$653M |
