| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.6B | $1.6B | 20.6% | 25.3% |
| Op. Income | $429M | $4M | $189M | 10625.0% | 127.0% |
| Gross Margin | 102.8% | 100.0% | 103.1% | 2.8pp | -0.3pp |
| Net Margin | 16.7% | -1.8% | 9.2% | 18.5pp | 7.5pp |
| EPS (Diluted) | $3.63 | $-0.32 | $1.60 | 1234.4% | 126.9% |
| Free Cash Flow | $454M | $806M | $391M | -43.7% | 16.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | -$55M |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$1.6B |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $429M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $413M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $326M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $329M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $329M |
| D&A | -$429M |
| EBIT | $429M |
| EBITDA | $0 |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | -$55M |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$1.6B |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $429M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $413M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $326M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $329M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $329M |
| D&A | -$429M |
| EBIT | $429M |
| EBITDA | $0 |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $329M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $42M |
| Change in Working Capital | $43M |
| OPERATING CASH FLOW | $454M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$391M |
| Sales/Maturities of Investments | $452M |
| Other Investing Activities | -$684M |
| NET CASH FROM INVESTING | -$684M |
| Net Debt Issuance | $121M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $623M |
| NET CASH FROM FINANCING | $715M |
| FREE CASH FLOW | $454M |
| Net Change in Cash | $485M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $167M |
| Goodwill | $207M |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62.3B |
| TOTAL NON-CURRENT ASSETS | $64.1B |
| TOTAL ASSETS | $66.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$190M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $90M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $444M |
| Other Equity | $1.3B |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $2.2B |
| Net Debt | $199M |
