| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.9B | $28.3B | $23.4B | -19.2% | -2.0% |
| Op. Income | $2.5B | $4.2B | $2.8B | -40.1% | -10.5% |
| Gross Margin | 18.6% | 22.1% | 19.5% | -3.4pp | -0.9pp |
| Net Margin | 9.4% | 12.1% | 10.6% | -2.7pp | -1.2pp |
| EPS (Diluted) | $3.75 | $5.93 | $4.15 | -36.8% | -9.6% |
| Free Cash Flow | $2.3B | $2.4B | $2.7B | -6.2% | -16.0% |
| Item | Amount |
|---|---|
| REVENUE | $22.9B |
| Cost of Revenue | $18.6B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $866M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $902M |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $20.4B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $123M |
| Other Income/Expenses | -$170M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $184M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $521M |
| EBIT | $2.5B |
| EBITDA | $3.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $22.9B |
| Cost of Revenue | $18.6B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $866M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $902M |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $20.4B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $123M |
| Other Income/Expenses | -$170M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $184M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $521M |
| EBIT | $2.5B |
| EBITDA | $3.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $2.1B |
| Depreciation & Amortization | $521M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | -$74M |
| Other Non-Cash Items | $323M |
| Change in Working Capital | -$178M |
| OPERATING CASH FLOW | $2.8B |
| Capital Expenditure | -$501M |
| Acquisitions (Net) | -$276M |
| Purchases of Investments | -$457M |
| Sales/Maturities of Investments | $366M |
| Other Investing Activities | $101M |
| NET CASH FROM INVESTING | -$767M |
| Net Debt Issuance | $863M |
| Common Stock Repurchased | -$2.3B |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$226M |
| NET CASH FROM FINANCING | -$2.8B |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | -$801M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.8B |
| Short-Term Investments | $893M |
| Net Receivables | $14.2B |
| Inventory | $65.4B |
| Other Current Assets | $2.2B |
| TOTAL CURRENT ASSETS | $89.5B |
| PP&E (Net) | $12.6B |
| Goodwill | $8.0B |
| Intangible Assets | $3.5B |
| Long-Term Investments | $1.2B |
| Tax Assets | $281M |
| Other Non-Current Assets | $5.2B |
| TOTAL NON-CURRENT ASSETS | $30.7B |
| TOTAL ASSETS | $120.2B |
| Account Payables | $14.7B |
| Short-Term Debt | $3.4B |
| Deferred Revenue | $52.5B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $83.6B |
| Long-Term Debt | $11.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | $22.5B |
| TOTAL NON-CURRENT LIABILITIES | $36.4B |
| TOTAL LIABILITIES | $120.0B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | $58.1B |
| Treasury Stock | -$54.6B |
| Accum. Other Comp. Income | -$15.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $125M |
| Minority Interest | $107M |
| TOTAL EQUITY | $232M |
| TOTAL LIABILITIES & EQUITY | $120.2B |
| Total Debt | $14.7B |
| Net Debt | $7.9B |
