| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.3B | $11.3B | $10.3B | -0.2% | 8.9% |
| Op. Income | $2.0B | $1.8B | $2.1B | 6.9% | -6.0% |
| Gross Margin | 84.9% | 84.2% | 86.5% | 0.7pp | -1.6pp |
| Net Margin | 13.8% | 17.8% | 15.8% | -4.0pp | -2.0pp |
| EPS (Diluted) | $1.80 | $2.32 | $1.86 | -22.4% | -3.2% |
| Free Cash Flow | $8.2B | -$1.7B | $1.8B | 584.9% | 349.0% |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $9.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.6B |
| General & Administrative | $1.4B |
| SG&A Expenses | $3.0B |
| Other Expenses | $4.6B |
| Operating Expenses | $7.6B |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $2.0B |
| Interest Income | $3.0B |
| Interest Expense | $895M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $408M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $297M |
| EBIT | $2.0B |
| EBITDA | $2.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $9.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.6B |
| General & Administrative | $1.4B |
| SG&A Expenses | $3.0B |
| Other Expenses | $4.6B |
| Operating Expenses | $7.6B |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $2.0B |
| Interest Income | $3.0B |
| Interest Expense | $895M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $408M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $297M |
| EBIT | $2.0B |
| EBITDA | $2.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $297M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | $137M |
| Other Non-Cash Items | $809M |
| Change in Working Capital | $5.7B |
| OPERATING CASH FLOW | $8.5B |
| Capital Expenditure | -$348M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | -$4.1B |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | -$508M |
| NET CASH FROM INVESTING | -$2.7B |
| Net Debt Issuance | -$1.3B |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$355M |
| Other Financing Activities | $2.9B |
| NET CASH FROM FINANCING | -$83M |
| FREE CASH FLOW | $8.2B |
| Net Change in Cash | $5.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32.9B |
| Short-Term Investments | $4.9B |
| Net Receivables | $3.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $40.9B |
| PP&E (Net) | $4.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $143.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.9B |
| TOTAL NON-CURRENT ASSETS | $156.3B |
| TOTAL ASSETS | $197.2B |
| Account Payables | $16.2B |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $75.1B |
| TOTAL CURRENT LIABILITIES | $93.3B |
| Long-Term Debt | $58.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23.3B |
| TOTAL NON-CURRENT LIABILITIES | $81.7B |
| TOTAL LIABILITIES | $175.0B |
| Common Stock | $168M |
| Additional Paid-In Capital | $12.0B |
| Retained Earnings | $12.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $22.2B |
| TOTAL LIABILITIES & EQUITY | $197.2B |
| Total Debt | $60.4B |
| Net Debt | $27.6B |
