| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.7B | $2.5B | 8.1% | 17.5% |
| Op. Income | $486M | $368M | $328M | 32.1% | 48.2% |
| Gross Margin | 53.8% | 51.7% | 57.2% | 2.1pp | -3.4pp |
| Net Margin | 12.9% | 10.8% | 10.1% | 2.1pp | 2.8pp |
| EPS (Diluted) | $0.92 | $0.70 | $0.57 | 31.4% | 61.4% |
| Free Cash Flow | $289M | $88M | $128M | 228.4% | 125.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $48M |
| General & Administrative | $491M |
| SG&A Expenses | $539M |
| Other Expenses | $533M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $486M |
| Interest Income | $2.4B |
| Interest Expense | $1.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $486M |
| Income Tax Expense | $111M |
| Net Income from Continuing Ops | $375M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $374M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $374M |
| D&A | $369M |
| EBIT | $486M |
| EBITDA | $855M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $48M |
| General & Administrative | $491M |
| SG&A Expenses | $539M |
| Other Expenses | $533M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $486M |
| Interest Income | $2.4B |
| Interest Expense | $1.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $486M |
| Income Tax Expense | $111M |
| Net Income from Continuing Ops | $375M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $374M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $374M |
| D&A | $369M |
| EBIT | $486M |
| EBITDA | $855M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $374M |
| Depreciation & Amortization | $369M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $141M |
| Change in Working Capital | $197M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$792M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.6B |
| Sales/Maturities of Investments | $1.9B |
| Other Investing Activities | $383M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | -$6.6B |
| Common Stock Repurchased | -$211M |
| Common Dividends Paid | -$70M |
| Other Financing Activities | $7.1B |
| NET CASH FROM FINANCING | $237M |
| FREE CASH FLOW | $289M |
| Net Change in Cash | -$722M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $23.5B |
| Net Receivables | $893M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $28.4B |
| PP&E (Net) | $8.9B |
| Goodwill | $240M |
| Intangible Assets | $0 |
| Long-Term Investments | $134.0B |
| Tax Assets | $137M |
| Other Non-Current Assets | $8.4B |
| TOTAL NON-CURRENT ASSETS | $151.7B |
| TOTAL ASSETS | $180.1B |
| Account Payables | $1.0B |
| Short-Term Debt | $6.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $113.3B |
| TOTAL CURRENT LIABILITIES | $120.5B |
| Long-Term Debt | $41.5B |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.4B |
| TOTAL NON-CURRENT LIABILITIES | $46.0B |
| TOTAL LIABILITIES | $166.4B |
| Common Stock | $21.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$5.2B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$225M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.7B |
| TOTAL LIABILITIES & EQUITY | $180.1B |
| Total Debt | $47.6B |
| Net Debt | $43.6B |
