| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | — | $2.7B | — | -1.5% |
| Op. Income | $383M | — | $432M | — | -11.3% |
| Gross Margin | 40.9% | — | 41.6% | — | -0.7pp |
| Net Margin | 13.0% | — | 14.5% | — | -1.6pp |
| EPS (Diluted) | $0.66 | — | $0.71 | — | -7.0% |
| Free Cash Flow | -$65M | — | $292M | — | -122.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $129M |
| Selling & Marketing | $0 |
| General & Administrative | $601M |
| SG&A Expenses | $601M |
| Other Expenses | -$33M |
| Operating Expenses | $697M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $383M |
| Interest Income | $7M |
| Interest Expense | $25M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $342M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $192M |
| EBIT | $411M |
| EBITDA | $603M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $129M |
| Selling & Marketing | $0 |
| General & Administrative | $601M |
| SG&A Expenses | $601M |
| Other Expenses | -$33M |
| Operating Expenses | $697M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $383M |
| Interest Income | $7M |
| Interest Expense | $25M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $342M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $192M |
| EBIT | $411M |
| EBITDA | $603M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $342M |
| Depreciation & Amortization | $192M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$433M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$193M |
| Acquisitions (Net) | -$109M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$301M |
| Net Debt Issuance | $795M |
| Common Stock Repurchased | -$597M |
| Common Dividends Paid | -$101M |
| Other Financing Activities | $141M |
| NET CASH FROM FINANCING | $238M |
| FREE CASH FLOW | -$65M |
| Net Change in Cash | $64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $1.8B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $5.1B |
| Goodwill | $2.9B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $836M |
| TOTAL NON-CURRENT ASSETS | $10.3B |
| TOTAL ASSETS | $16.4B |
| Account Payables | $2.5B |
| Short-Term Debt | $798M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $683M |
| Additional Paid-In Capital | $5.8B |
| Retained Earnings | $16.0B |
| Treasury Stock | -$10.3B |
| Accum. Other Comp. Income | -$4.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $23M |
| TOTAL EQUITY | $7.7B |
| TOTAL LIABILITIES & EQUITY | $16.4B |
| Total Debt | $4.7B |
| Net Debt | $2.8B |
