| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.6B | $10.9B | $10.4B | -3.2% | 1.8% |
| Op. Income | $375M | $548M | $396M | -31.6% | -5.3% |
| Gross Margin | 20.2% | 21.6% | 21.5% | -1.4pp | -1.4pp |
| Net Margin | 1.7% | 2.9% | 1.5% | -1.2pp | 0.2pp |
| EPS (Diluted) | $0.41 | $0.70 | $0.39 | -41.4% | 5.1% |
| Free Cash Flow | $346M | -$280M | $1.0B | 223.6% | -66.1% |
| Item | Amount |
|---|---|
| REVENUE | $10.6B |
| Cost of Revenue | $8.4B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $370M |
| General & Administrative | $0 |
| SG&A Expenses | $370M |
| Other Expenses | $1.4B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $10.2B |
| OPERATING INCOME | $375M |
| Interest Income | $33M |
| Interest Expense | $271M |
| Other Income/Expenses | -$130M |
| INCOME BEFORE TAX | $245M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $185M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $185M |
| D&A | $559M |
| EBIT | $516M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $10.6B |
| Cost of Revenue | $8.4B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $370M |
| General & Administrative | $0 |
| SG&A Expenses | $370M |
| Other Expenses | $1.4B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $10.2B |
| OPERATING INCOME | $375M |
| Interest Income | $33M |
| Interest Expense | $271M |
| Other Income/Expenses | -$130M |
| INCOME BEFORE TAX | $245M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $185M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $185M |
| D&A | $559M |
| EBIT | $516M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $185M |
| Depreciation & Amortization | $559M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $907M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | $359M |
| Purchases of Investments | -$571M |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$480M |
| Net Debt Issuance | -$455M |
| Common Stock Repurchased | -$608M |
| Common Dividends Paid | -$46M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $346M |
| Net Change in Cash | $203M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $337M |
| Short-Term Investments | $4.0B |
| Net Receivables | $1.9B |
| Inventory | $1.7B |
| Other Current Assets | $156M |
| TOTAL CURRENT ASSETS | $8.7B |
| PP&E (Net) | $43.5B |
| Goodwill | $4.1B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $52.1B |
| TOTAL ASSETS | $60.8B |
| Account Payables | $2.1B |
| Short-Term Debt | $3.4B |
| Deferred Revenue | $9.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.8B |
| Long-Term Debt | $20.7B |
| Deferred Revenue NC | $5.2B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.9B |
| TOTAL NON-CURRENT LIABILITIES | $41.6B |
| TOTAL LIABILITIES | $61.4B |
| Common Stock | $5M |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | $897M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$636M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$636M |
| TOTAL LIABILITIES & EQUITY | $60.8B |
| Total Debt | $33.4B |
| Net Debt | $33.1B |
