financial highlights

Normalized free cash flow
(3)
($ millions)

700
600
500
400
300
200
100
0
507
428
613

Diluted earnings per share
(1)(2)
($)

3.0
2.5
2.0
1.5
1.0
.5
0
2.96
2.47
3.47

Cash balances net of
short-term debt
(4)
($ millions)

1,400
1,200
1,000
800
600
400
200
0
980
519
472

Selected quarterly data
(5)
Quarterly revenue ($ millions)

1,000
900
800
700
600
500
400
955
966
967
980
978
992
1,002
1,003
1,012
1,020
1,025
1,030

(1) Includes amortization of purchased intangible assets and other, equity-based compensation expense, changes in certain acquisition-related liabilities measured at fair value and in 2018 also $85M nonrecurring charges associated with restructuring and settlement of legal dispute. (2) Includes all related tax effects. (3) Free cash flow is not defined under United States generally accepted accounting principles (U.S. GAAP) and is calculated as cash flows from operations less net capital expenditures and other, and excluding payments of non-recurring charges and the multi-year development of the new campus The Company uses free cash flow to assess its financial performance. (4) Includes short-term interest-bearing investments. (5) Due to rounding, the sum of the quarters may not match the full year amount.