2018 Q4 Form 10-Q Financial Statement

#000110852418000087 Filed on November 28, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q1
Revenue $3.392B $3.281B $2.851B
YoY Change 26.57% 28.08% 24.28%
Cost Of Revenue $889.0M $849.0M $738.0M
YoY Change 24.51% 26.72% 17.91%
Gross Profit $2.503B $2.432B $2.127B
YoY Change 25.97% 27.53% 27.52%
Gross Profit Margin 73.79% 74.12% 74.61%
Selling, General & Admin $1.930B $1.854B $1.490B
YoY Change 34.21% 29.11% 23.43%
% of Gross Profit 77.11% 76.23% 70.05%
Research & Development $481.0M $463.0M $396.0M
YoY Change 22.08% 19.64% 15.08%
% of Gross Profit 19.22% 19.04% 18.62%
Depreciation & Amortization $256.0M $252.0M $188.0M
YoY Change 36.17% 31.25% 4.16%
% of Gross Profit 10.23% 10.36% 8.84%
Operating Expenses $2.411B $2.317B $1.916B
YoY Change 31.6% 27.1% 21.06%
Operating Profit $92.00M $115.0M $211.0M
YoY Change -40.65% 36.9% -1003.83%
Interest Expense $40.00M $39.00M $16.00M
YoY Change 90.48% 77.27% -584.85%
% of Operating Profit 43.48% 33.91% 7.58%
Other Income/Expense, Net -$27.00M -$27.00M -$6.000M
YoY Change -2800.0% -300.0%
Pretax Income $128.0M $231.0M $221.0M
YoY Change -12.33% 266.67% 69.87%
Income Tax $23.00M -$68.00M -$111.0M
% Of Pretax Income 17.97% -29.44% -50.23%
Net Earnings $105.0M $299.0M $206.0M
YoY Change -1.87% 550.0% -500.47%
Net Earnings / Revenue 3.1% 9.11% 7.23%
Basic Earnings Per Share $0.14 $0.40 $0.28
Diluted Earnings Per Share $0.13 $0.39 $0.28
COMMON SHARES
Basic Shares Outstanding 760.0M shares 747.0M shares 731.5M shares
Diluted Shares Outstanding 785.0M shares 774.0M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.450B $3.427B $4.521B
YoY Change -4.93% -2.12% 104.63%
Cash & Equivalents $2.105B $2.319B $2.543B
Short-Term Investments $1.345B $1.108B $1.978B
Other Short-Term Assets $667.0M $687.0M $471.0M
YoY Change -12.81% -2.55% -15.44%
Inventory
Prepaid Expenses $655.0M $672.0M $405.0M
Receivables $2.037B $1.980B $3.921B
Other Receivables $33.00M $39.00M $0.00
Total Short-Term Assets $6.870B $6.802B $9.584B
YoY Change 15.54% 17.05% 59.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.998B $1.986B $1.947B
YoY Change 7.14% 6.4% 8.92%
Goodwill $12.85B $12.25B $7.314B
YoY Change 76.14% 67.99% 0.69%
Intangibles $2.053B $1.976B $827.0M
YoY Change 129.19% 104.58% -25.72%
Long-Term Investments $1.251B $1.202B $677.0M
YoY Change 86.72% 82.67% 19.4%
Other Assets $436.0M $459.0M $384.0M
YoY Change 2.62% 0.22% -21.13%
Total Long-Term Assets $19.72B $19.02B $12.40B
YoY Change 70.81% 63.87% 7.01%
TOTAL ASSETS
Total Short-Term Assets $6.870B $6.802B $9.584B
Total Long-Term Assets $19.72B $19.02B $12.40B
Total Assets $26.59B $25.82B $21.98B
YoY Change 52.02% 48.25% 25.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $160.0M $201.0M $76.00M
YoY Change 33.31% 35.56% -34.06%
Accrued Expenses $1.050B $977.0M $970.0M
YoY Change -26.52% -23.79% -6.55%
Deferred Revenue $5.376B $5.883B $6.995B
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $503.0M $503.0M $1.025B
YoY Change -60.46% -60.36%
Total Short-Term Liabilities $8.022B $8.469B $10.07B
YoY Change 11.16% 12.53% 37.99%
LONG-TERM LIABILITIES
Long-Term Debt $3.173B $3.173B $695.0M
YoY Change 139.11% 138.57% -65.4%
Other Long-Term Liabilities $700.0M $653.0M $846.0M
YoY Change -5.0% -10.29% 8.33%
Total Long-Term Liabilities $3.873B $3.826B $1.541B
YoY Change 425.6% 425.63% -44.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.022B $8.469B $10.07B
Total Long-Term Liabilities $3.873B $3.826B $1.541B
Total Liabilities $11.90B $12.30B $11.61B
YoY Change 37.52% 37.37% 15.1%
SHAREHOLDERS EQUITY
Retained Earnings $1.373B $1.269B $635.0M
YoY Change -439.02% -378.06% -236.59%
Common Stock $13.39B $12.31B $9.753B
YoY Change 45.1% 38.46% 21.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.69B $13.53B $10.38B
YoY Change
Total Liabilities & Shareholders Equity $26.59B $25.82B $21.98B
YoY Change 52.02% 48.25% 25.02%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q1
OPERATING ACTIVITIES
Net Income $105.0M $299.0M $206.0M
YoY Change -1.87% 550.0% -500.47%
Depreciation, Depletion And Amortization $256.0M $252.0M $188.0M
YoY Change 36.17% 31.25% 4.16%
Cash From Operating Activities $143.0M $458.0M $1.052B
YoY Change 14.4% 38.37% 49.03%
INVESTING ACTIVITIES
Capital Expenditures $136.0M $170.0M -$138.0M
YoY Change 22.52% 32.81% -4.17%
Acquisitions $130.0M $4.803B
YoY Change
Other Investing Activities -$409.0M -$4.491B -$446.0M
YoY Change 1604.17% 1034.09% 26.17%
Cash From Investing Activities -$545.0M -$4.661B -$584.0M
YoY Change 303.7% 789.5% 17.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $182.0M $589.0M 19.00M
YoY Change 35.82% 403.42% -92.7%
NET CHANGE
Cash From Operating Activities $143.0M $458.0M 1.052B
Cash From Investing Activities -$545.0M -$4.661B -584.0M
Cash From Financing Activities $182.0M $589.0M 19.00M
Net Change In Cash -$214.0M -$3.603B 487.0M
YoY Change -272.58% 4640.79% 3.9%
FREE CASH FLOW
Cash From Operating Activities $143.0M $458.0M $1.052B
Capital Expenditures $136.0M $170.0M -$138.0M
Free Cash Flow $7.000M $288.0M $1.190B
YoY Change -50.0% 41.87% 40.02%

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CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
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CY2018Q4 us-gaap Capitalized Computer Software Accumulated Amortization
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CY2018Q4 us-gaap Capitalized Computer Software Net
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us-gaap Capitalized Contract Cost Amortization
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CY2018Q4 us-gaap Capitalized Contract Cost Amortization
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190000000 USD
us-gaap Capitalized Contract Cost Amortization
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CY2018Q4 us-gaap Capitalized Contract Cost Net
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1700000000 USD
CY2018Q1 us-gaap Capitalized Contract Cost Net Current
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CY2018Q4 us-gaap Capitalized Contract Cost Net Current
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CY2018Q1 us-gaap Capitalized Contract Cost Net Noncurrent
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CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2018Q1 us-gaap Common Stock Value
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CY2018Q4 us-gaap Common Stock Value
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us-gaap Comprehensive Income Net Of Tax
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CY2018Q1 us-gaap Contract With Customer Asset Net
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CY2018Q4 us-gaap Contract With Customer Asset Net
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CY2018Q1 us-gaap Contract With Customer Liability Current
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CY2018Q2 us-gaap Contract With Customer Liability Current
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CY2018Q3 us-gaap Contract With Customer Liability Current
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CY2018Q4 us-gaap Contract With Customer Liability Current
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7000000 USD
CY2018Q3 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
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57000000 USD
CY2018Q4 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
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4000000 USD
CY2017Q4 us-gaap Cost Of Goods And Services Sold
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us-gaap Cost Of Goods And Services Sold
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CY2018Q4 us-gaap Cost Of Goods And Services Sold
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us-gaap Cost Of Goods And Services Sold
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CY2018Q1 us-gaap Debt Instrument Carrying Amount
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CY2018Q4 us-gaap Debt Instrument Carrying Amount
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CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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484000000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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9000000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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us-gaap Depreciation And Amortization
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CY2018Q4 us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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us-gaap Earnings Per Share Basic
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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175000000 USD
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CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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351000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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414000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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us-gaap Gross Profit
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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128000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Taxes Paid Net
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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212000000 USD
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2017Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
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us-gaap Number Of Operating Segments
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330000000 USD
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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744000000 USD
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1408000000 USD
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OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
193000000 USD
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
384000000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
436000000 USD
CY2018Q4 us-gaap Other Commitment
OtherCommitment
285000000 USD
CY2018Q4 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
187000000 USD
CY2018Q4 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
24000000 USD
CY2018Q4 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
23000000 USD
CY2018Q4 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
22000000 USD
CY2018Q4 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
23000000 USD
CY2018Q4 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
6000000 USD
CY2017Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
7000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
37000000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-10000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-37000000 USD
CY2017Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
88000000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-24000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-55000000 USD
CY2017Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
88000000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-24000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-55000000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
51000000 USD
CY2017Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-12000000 USD
CY2018Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-14000000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-18000000 USD
CY2017Q4 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
94000000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
277000000 USD
CY2018Q4 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
103000000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
293000000 USD
CY2018Q1 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
23000000 USD
CY2018Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
28000000 USD
CY2018Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
561000000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
730000000 USD
CY2018Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
846000000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
700000000 USD
CY2018Q1 us-gaap Other Long Term Investments
OtherLongTermInvestments
677000000 USD
CY2018Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
1251000000 USD
CY2017Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000 USD
CY2018Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000 USD
CY2017Q4 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
234000000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1434000000 USD
CY2018Q4 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
343000000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
634000000 USD
CY2017Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
20000000 USD
CY2018Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
130000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5115000000 USD
CY2017Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
111000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
396000000 USD
CY2018Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
136000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
428000000 USD
CY2018Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
471000000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
700000000 USD
CY2018Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
405000000 USD
CY2018Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
655000000 USD
CY2018Q1 us-gaap Prepaid Taxes
PrepaidTaxes
33000000 USD
CY2018Q4 us-gaap Prepaid Taxes
PrepaidTaxes
12000000 USD
CY2017Q4 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
0 USD
us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
0 USD
CY2018Q4 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
0 USD
us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
2966000000 USD
CY2017Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
30000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
43000000 USD
CY2018Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
10000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
98000000 USD
CY2017Q4 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
194000000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
437000000 USD
CY2018Q4 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
79000000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1352000000 USD
CY2017Q4 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
142000000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
485000000 USD
CY2018Q4 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
185000000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
568000000 USD
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3403000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3724000000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1947000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1998000000 USD
CY2018Q4 us-gaap Purchase Obligation
PurchaseObligation
2000000000 USD
CY2018Q4 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
54000000 USD
CY2018Q4 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
4000000 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
348000000 USD
CY2017Q4 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
8000000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
83000000 USD
CY2018Q4 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
2000000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
110000000 USD
CY2017Q4 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
200000000 USD
CY2018Q4 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1028000000 USD
CY2017Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
394000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1157000000 USD
CY2018Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
481000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1368000000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
635000000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1373000000 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2701000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7675000000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3392000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9679000000 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2701000000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
7675000000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
21200000000 USD
CY2017Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1167000000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3426000000 USD
CY2018Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1588000000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4421000000 USD
CY2017Q4 us-gaap Share Based Compensation
ShareBasedCompensation
251000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
759000000 USD
CY2018Q4 us-gaap Share Based Compensation
ShareBasedCompensation
351000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
954000000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
23077000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
50313000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
64548000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
54.28
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
299000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
685000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
988000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
13637000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1748000000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
21735000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
26939000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
65.96
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
72.47
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
12481000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1673000000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
25143000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
70.80
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
44.44
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
80.66
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
68.13
CY2018Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
12481000 shares
CY2018Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
26939000 shares
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1035000000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P4Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
544000000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
828000000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.15
CY2018Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
54.28
CY2018Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
72.47
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y1M6D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
7445000 shares
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
6000000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
631000000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2193000000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
4000000 USD
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
141000000 USD
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
155000000 USD
CY2017Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
84000000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
295000000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
103000000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
335000000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
8230000000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
9219000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
9662000000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
10376000000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
13527000000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
14693000000 USD
CY2018Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
306000000 USD
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
263000000 USD
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
738000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
730000000 shares
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
785000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
772000000 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
717000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
712000000 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
760000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
746000000 shares
us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal Year</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s fiscal year ends on January&#160;31. References to fiscal </font><font style="font-family:inherit;font-size:10pt;">2019</font><font style="font-family:inherit;font-size:10pt;">, for example, refer to the fiscal year ending </font><font style="font-family:inherit;font-size:10pt;">January&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Credit Risk and Significant Customers</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities and accounts receivable. Collateral is not required for accounts receivable. The Company maintains an allowance for its doubtful accounts receivable. This allowance is based upon historical loss patterns, the number of days that billings are past due and an evaluation of the potential risk of loss associated with delinquent accounts. Receivables are written-off and charged against the recorded allowance when the Company has exhausted collection efforts without success.</font></div></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications to fiscal 2018&#160;balances were made to conform to the current period presentation in the </font><font style="font-family:inherit;font-size:10pt;">condensed consolidated</font><font style="font-family:inherit;font-size:10pt;"> balance sheets, </font><font style="font-family:inherit;font-size:10pt;">condensed consolidated</font><font style="font-family:inherit;font-size:10pt;"> statements of operations and </font><font style="font-family:inherit;font-size:10pt;">condensed consolidated</font><font style="font-family:inherit;font-size:10pt;"> statements of cash flows. These reclassifications include other noncurrent liabilities, temporary equity, other income, gains (losses) on strategic investments, net, accounts payable, accrued expenses and other liabilities and income taxes payable and prepaid expenses and other current assets and other assets.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions in the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;">condensed consolidated</font><font style="font-family:inherit;font-size:10pt;"> financial statements and notes thereto.</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant estimates and assumptions made by management include the determination of:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-30px;"><font style="font-family:inherit;font-size:10pt;">the standalone selling price (SSP) of performance obligations for contracts with multiple performance obligations;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:36px;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-36px;"><font style="font-family:inherit;font-size:10pt;">the estimate of variable consideration as part of the adoption of ASU 2014-09;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:36px;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-36px;"><font style="font-family:inherit;font-size:10pt;">the fair value of assets acquired and liabilities assumed for business combinations;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:36px;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-36px;"><font style="font-family:inherit;font-size:10pt;">the recognition, measurement and valuation of current and deferred income taxes;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:36px;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-36px;"><font style="font-family:inherit;font-size:10pt;">the average period of benefit associated with costs capitalized to obtain revenue contracts; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:36px;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-36px;"><font style="font-family:inherit;font-size:10pt;">the fair value of certain stock awards issued; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:36px;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-36px;"><font style="font-family:inherit;font-size:10pt;">the useful lives of intangible assets; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:36px;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-36px;"><font style="font-family:inherit;font-size:10pt;">the valuation of privately-held strategic investments.</font></div></td></tr></table><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Actual results could differ materially from those estimates. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable, the result of which forms the basis for making judgments about the carrying values of assets and liabilities. </font></div></div>

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