| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.5B | -9.7% | -15.4% |
| Op. Income | $273M | $338M | $456M | -19.2% | -40.0% |
| Gross Margin | 65.1% | 65.3% | 67.5% | -0.2pp | -2.4pp |
| Net Margin | 15.6% | 19.2% | 23.0% | -3.6pp | -7.4pp |
| EPS (Diluted) | $0.55 | $0.74 | $0.95 | -25.7% | -42.1% |
| Free Cash Flow | $295M | $607M | $281M | -51.4% | 5.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $455M |
| GROSS PROFIT | $848M |
| R&D Expenses | $257M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $199M |
| Other Expenses | $118M |
| Operating Expenses | $575M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $273M |
| Interest Income | $2M |
| Interest Expense | $49M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $226M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $204M |
| EBIT | $275M |
| EBITDA | $479M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $455M |
| GROSS PROFIT | $848M |
| R&D Expenses | $257M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $199M |
| Other Expenses | $118M |
| Operating Expenses | $575M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $273M |
| Interest Income | $2M |
| Interest Expense | $49M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $226M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $204M |
| EBIT | $275M |
| EBITDA | $479M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $204M |
| Depreciation & Amortization | $204M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | -$124M |
| OPERATING CASH FLOW | $350M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $107.0K |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$106M |
| Common Dividends Paid | -$199M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | -$290M |
| FREE CASH FLOW | $295M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $654M |
| Short-Term Investments | $0 |
| Net Receivables | $584M |
| Inventory | $589M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $1.2B |
| Goodwill | $12.3B |
| Intangible Assets | $4.1B |
| Long-Term Investments | $30M |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $331M |
| TOTAL NON-CURRENT ASSETS | $19.5B |
| TOTAL ASSETS | $21.4B |
| Account Payables | $212M |
| Short-Term Debt | $748M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $9.7B |
| Common Stock | $61M |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | $6.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$202M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.7B |
| TOTAL LIABILITIES & EQUITY | $21.4B |
| Total Debt | $5.5B |
| Net Debt | $4.8B |
