| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $395M | $390M | $350M | 1.3% | 13.0% |
| Op. Income | $109M | $114M | $87M | -4.2% | 25.0% |
| Gross Margin | 75.6% | 78.7% | 85.2% | -3.1pp | -9.6pp |
| Net Margin | 21.9% | 22.8% | 19.9% | -0.9pp | 2.1pp |
| EPS (Diluted) | $0.50 | $0.51 | $0.40 | -2.0% | 25.0% |
| Free Cash Flow | -$27M | $171M | $33M | -115.8% | -181.2% |
| Item | Amount |
|---|---|
| REVENUE | $395M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $299M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $124M |
| SG&A Expenses | $130M |
| Other Expenses | $59M |
| Operating Expenses | $190M |
| Cost & Expenses | $286M |
| OPERATING INCOME | $109M |
| Interest Income | $306M |
| Interest Expense | $90M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $26M |
| EBIT | $109M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $395M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $299M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $124M |
| SG&A Expenses | $130M |
| Other Expenses | $59M |
| Operating Expenses | $190M |
| Cost & Expenses | $286M |
| OPERATING INCOME | $109M |
| Interest Income | $306M |
| Interest Expense | $90M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $26M |
| EBIT | $109M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$130M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$280M |
| Sales/Maturities of Investments | $311M |
| Other Investing Activities | -$180M |
| NET CASH FROM INVESTING | -$163M |
| Net Debt Issuance | -$627M |
| Common Stock Repurchased | -$37M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | $636M |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$230M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $605M |
| Short-Term Investments | $3.9B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $362M |
| Goodwill | $1.2B |
| Intangible Assets | $140M |
| Long-Term Investments | $26.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $29.2B |
| TOTAL ASSETS | $33.7B |
| Account Payables | $0 |
| Short-Term Debt | $179M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25.6B |
| TOTAL CURRENT LIABILITIES | $26.1B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $29.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.2B |
| Treasury Stock | -$245M |
| Accum. Other Comp. Income | -$103M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $33.7B |
| Total Debt | $3.9B |
| Net Debt | $3.3B |
