| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $6.2B | $5.6B | -0.6% | 10.9% |
| Op. Income | $2.4B | $2.0B | $2.5B | 15.0% | -4.7% |
| Gross Margin | 75.4% | 79.8% | 81.0% | -4.3pp | -5.6pp |
| Net Margin | 29.6% | 27.5% | 35.8% | 2.1pp | -6.2pp |
| EPS (Diluted) | $3.07 | $2.85 | $3.18 | 7.7% | -3.5% |
| Free Cash Flow | $2.0B | $2.3B | $1.7B | -14.4% | 15.2% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $952M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $25M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $346M |
| Other Income/Expenses | -$335M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $195M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $897M |
| EBIT | $2.4B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $952M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $25M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $346M |
| Other Income/Expenses | -$335M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $195M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $897M |
| EBIT | $2.4B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $897M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$84M |
| Other Non-Cash Items | $107M |
| Change in Working Capital | -$611M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$142M |
| Acquisitions (Net) | -$2.6B |
| Purchases of Investments | -$129M |
| Sales/Maturities of Investments | $2.7B |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$230M |
| Net Debt Issuance | $1.7B |
| Common Stock Repurchased | -$961M |
| Common Dividends Paid | -$945M |
| Other Financing Activities | -$61M |
| NET CASH FROM FINANCING | -$254M |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | $1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.7B |
| Short-Term Investments | $325M |
| Net Receivables | $5.0B |
| Inventory | $3.7B |
| Other Current Assets | $2.1B |
| TOTAL CURRENT ASSETS | $18.8B |
| PP&E (Net) | $4.9B |
| Goodwill | $14.7B |
| Intangible Assets | $18.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.6B |
| TOTAL NON-CURRENT ASSETS | $42.9B |
| TOTAL ASSETS | $61.7B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.8B |
| Long-Term Debt | $30.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $427M |
| Other Non-Current Liabilities | $9.9B |
| TOTAL NON-CURRENT LIABILITIES | $40.4B |
| TOTAL LIABILITIES | $52.2B |
| Common Stock | $31.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$21.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$662M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.5B |
| TOTAL LIABILITIES & EQUITY | $61.7B |
| Total Debt | $31.8B |
| Net Debt | $24.2B |
