| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $3.9B | $4.0B | 9.0% | 7.6% |
| Op. Income | $373M | $282M | $217M | 32.2% | 72.2% |
| Gross Margin | 11.0% | 13.5% | 11.2% | -2.5pp | -0.1pp |
| Net Margin | 5.9% | 4.5% | 7.4% | 1.4pp | -1.5pp |
| EPS (Diluted) | $0.99 | $0.69 | $1.16 | 43.5% | -14.7% |
| Free Cash Flow | -$322M | -$1.6B | -$429M | 79.5% | 25.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $471M |
| R&D Expenses | $0 |
| Selling & Marketing | $104M |
| General & Administrative | $0 |
| SG&A Expenses | $104M |
| Other Expenses | -$7M |
| Operating Expenses | $98M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $373M |
| Interest Income | $0 |
| Interest Expense | $83M |
| Other Income/Expenses | -$83M |
| INCOME BEFORE TAX | $290M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $251M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $251M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $251M |
| D&A | $151M |
| EBIT | $373M |
| EBITDA | $524M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $471M |
| R&D Expenses | $0 |
| Selling & Marketing | $104M |
| General & Administrative | $0 |
| SG&A Expenses | $104M |
| Other Expenses | -$7M |
| Operating Expenses | $98M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $373M |
| Interest Income | $0 |
| Interest Expense | $83M |
| Other Income/Expenses | -$83M |
| INCOME BEFORE TAX | $290M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $251M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $251M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $251M |
| D&A | $151M |
| EBIT | $373M |
| EBITDA | $524M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $251M |
| Depreciation & Amortization | $151M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$182M |
| Change in Working Capital | -$436M |
| OPERATING CASH FLOW | -$207M |
| Capital Expenditure | -$114M |
| Acquisitions (Net) | $288M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | $194M |
| Net Debt Issuance | $149M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | -$322M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $250M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $371M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $2.2B |
| Goodwill | $5.5B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $11.1B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $866M |
| Short-Term Debt | $53M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $990M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8.3B |
| TOTAL LIABILITIES | $10.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $990M |
| Treasury Stock | -$797M |
| Accum. Other Comp. Income | -$133M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $10M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $7.4B |
| Net Debt | $7.1B |
