| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $3.8B | $3.8B | 10.9% | 10.9% |
| Op. Income | $1.0B | $864M | $908M | 20.6% | 14.8% |
| Gross Margin | 44.6% | 43.5% | 44.4% | 1.1pp | 0.3pp |
| Net Margin | 21.4% | 18.6% | 20.5% | 2.8pp | 0.9pp |
| EPS (Diluted) | $0.96 | $0.75 | $0.80 | 28.0% | 20.0% |
| Free Cash Flow | $885M | $729M | $701M | 21.4% | 26.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $552M |
| Selling & Marketing | $135M |
| General & Administrative | $129M |
| SG&A Expenses | $264M |
| Other Expenses | $0 |
| Operating Expenses | $816M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $1.0B |
| Interest Income | $22M |
| Interest Expense | $59M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $113M |
| Net Income from Continuing Ops | $892M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $892M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $892M |
| D&A | $94M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $552M |
| Selling & Marketing | $135M |
| General & Administrative | $129M |
| SG&A Expenses | $264M |
| Other Expenses | $0 |
| Operating Expenses | $816M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $1.0B |
| Interest Income | $22M |
| Interest Expense | $59M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $113M |
| Net Income from Continuing Ops | $892M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $892M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $892M |
| D&A | $94M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $892M |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $93M |
| Deferred Income Tax | $30M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$137M |
| OPERATING CASH FLOW | $987M |
| Capital Expenditure | -$102M |
| Acquisitions (Net) | $102M |
| Purchases of Investments | -$428M |
| Sales/Maturities of Investments | $368M |
| Other Investing Activities | -$102M |
| NET CASH FROM INVESTING | -$162M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$192M |
| Other Financing Activities | -$153M |
| NET CASH FROM FINANCING | -$530M |
| FREE CASH FLOW | $885M |
| Net Change in Cash | $295M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $536M |
| Net Receivables | $2.8B |
| Inventory | $3.5B |
| Other Current Assets | $522M |
| TOTAL CURRENT ASSETS | $10.8B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.4B |
| Intangible Assets | $142M |
| Long-Term Investments | $1.7B |
| Tax Assets | $1.7B |
| Other Non-Current Assets | $287M |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $19.8B |
| Account Payables | $1.0B |
| Short-Term Debt | $644M |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $871M |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $6.5B |
| TOTAL LIABILITIES | $11.1B |
| Common Stock | $9M |
| Additional Paid-In Capital | $7.5B |
| Retained Earnings | $25.1B |
| Treasury Stock | -$23.8B |
| Accum. Other Comp. Income | -$188M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $19.8B |
| Total Debt | $5.5B |
| Net Debt | $2.0B |
