| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.8B | $5.4B | — | 6.3% | — |
| Op. Income | $555M | $1.7B | — | -66.4% | — |
| Gross Margin | 55.4% | 53.9% | — | 1.5pp | — |
| Net Margin | 8.1% | 20.5% | — | -12.3pp | — |
| EPS (Diluted) | $0.11 | $0.26 | — | -57.7% | — |
| Free Cash Flow | $2.0B | $2.5B | — | -19.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $471M |
| SG&A Expenses | $471M |
| Other Expenses | $1.0B |
| Operating Expenses | $2.7B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $555M |
| Interest Income | $0 |
| Interest Expense | $345M |
| Other Income/Expenses | -$277M |
| INCOME BEFORE TAX | $278M |
| Income Tax Expense | -$203M |
| Net Income from Continuing Ops | $481M |
| Net Income from Discontinued Ops | -$10M |
| Other Adjustments | $0 |
| NET INCOME | $471M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $471M |
| D&A | $1.5B |
| EBIT | $623M |
| EBITDA | $2.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $471M |
| SG&A Expenses | $471M |
| Other Expenses | $1.0B |
| Operating Expenses | $2.7B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $555M |
| Interest Income | $0 |
| Interest Expense | $345M |
| Other Income/Expenses | -$277M |
| INCOME BEFORE TAX | $278M |
| Income Tax Expense | -$203M |
| Net Income from Continuing Ops | $481M |
| Net Income from Discontinued Ops | -$10M |
| Other Adjustments | $0 |
| NET INCOME | $471M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $471M |
| D&A | $1.5B |
| EBIT | $623M |
| EBITDA | $2.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $471M |
| Depreciation & Amortization | $1.5B |
| Stock-Based Compensation | $465M |
| Deferred Income Tax | -$379M |
| Other Non-Cash Items | $84M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$99M |
| Acquisitions (Net) | -$15.1B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$15.2B |
| Net Debt Issuance | $18.4B |
| Common Stock Repurchased | -$3.5B |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$47M |
| NET CASH FROM FINANCING | $13.9B |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | $801M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.1B |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $1.1B |
| Other Current Assets | $456M |
| TOTAL CURRENT ASSETS | $10.6B |
| PP&E (Net) | $2.7B |
| Goodwill | $36.6B |
| Intangible Assets | $21.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $682M |
| TOTAL NON-CURRENT ASSETS | $61.5B |
| TOTAL ASSETS | $72.1B |
| Account Payables | $738M |
| Short-Term Debt | $3.5B |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $8.3B |
| Long-Term Debt | $34.1B |
| Deferred Revenue NC | $517M |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $3.8B |
| TOTAL NON-CURRENT LIABILITIES | $40.5B |
| TOTAL LIABILITIES | $48.9B |
| Common Stock | $23.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $259M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$116M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $23.2B |
| TOTAL LIABILITIES & EQUITY | $72.1B |
| Total Debt | $37.6B |
| Net Debt | $32.5B |
