| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.5B | $7.8B | $7.4B | -3.0% | 2.0% |
| Op. Income | $759M | $1.2B | $671M | -35.5% | 13.1% |
| Gross Margin | 51.6% | 52.6% | 51.1% | -1.0pp | 0.5pp |
| Net Margin | 8.9% | 8.4% | 5.7% | 0.5pp | 3.3pp |
| EPS (Diluted) | $0.38 | $0.37 | $0.24 | 2.7% | 58.3% |
| Free Cash Flow | $377M | $1.3B | $833M | -71.0% | -54.7% |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $670M |
| Selling & Marketing | $0 |
| General & Administrative | $2.5B |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $3.1B |
| Cost & Expenses | $6.8B |
| OPERATING INCOME | $759M |
| Interest Income | $23M |
| Interest Expense | $214M |
| Other Income/Expenses | -$127M |
| INCOME BEFORE TAX | $632M |
| Income Tax Expense | -$40M |
| Net Income from Continuing Ops | $672M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $672M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $672M |
| D&A | $753M |
| EBIT | $846M |
| EBITDA | $1.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $670M |
| Selling & Marketing | $0 |
| General & Administrative | $2.5B |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $3.1B |
| Cost & Expenses | $6.8B |
| OPERATING INCOME | $759M |
| Interest Income | $23M |
| Interest Expense | $214M |
| Other Income/Expenses | -$127M |
| INCOME BEFORE TAX | $632M |
| Income Tax Expense | -$40M |
| Net Income from Continuing Ops | $672M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $672M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $672M |
| D&A | $753M |
| EBIT | $846M |
| EBITDA | $1.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $672M |
| Depreciation & Amortization | $753M |
| Stock-Based Compensation | $226M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$483M |
| Change in Working Capital | -$456M |
| OPERATING CASH FLOW | $712M |
| Capital Expenditure | -$335M |
| Acquisitions (Net) | -$78M |
| Purchases of Investments | $2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$396M |
| Net Debt Issuance | -$487M |
| Common Stock Repurchased | -$217M |
| Common Dividends Paid | -$565M |
| Other Financing Activities | $127M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $377M |
| Net Change in Cash | -$822M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $239M |
| Net Receivables | $5.3B |
| Inventory | $4.1B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $14.4B |
| PP&E (Net) | $8.5B |
| Goodwill | $23.2B |
| Intangible Assets | $18.5B |
| Long-Term Investments | $867M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $53.2B |
| TOTAL ASSETS | $67.6B |
| Account Payables | $3.0B |
| Short-Term Debt | $405M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.5B |
| TOTAL CURRENT LIABILITIES | $9.1B |
| Long-Term Debt | $18.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.9B |
| TOTAL NON-CURRENT LIABILITIES | $27.4B |
| TOTAL LIABILITIES | $36.5B |
| Common Stock | $23.5B |
| Additional Paid-In Capital | $23.5B |
| Retained Earnings | $24.6B |
| Treasury Stock | -$9.7B |
| Accum. Other Comp. Income | -$7.5B |
| Other Equity | -$23.5B |
| TOTAL STOCKHOLDERS' EQUITY | $30.9B |
| Minority Interest | $204M |
| TOTAL EQUITY | $31.1B |
| TOTAL LIABILITIES & EQUITY | $67.6B |
| Total Debt | $19.9B |
| Net Debt | $16.9B |
