| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.3B | -5.4% | 3.6% |
| Op. Income | $164M | $309M | $357M | -46.9% | -54.0% |
| Gross Margin | 53.8% | 42.0% | 41.2% | 11.8pp | 12.6pp |
| Net Margin | 2.2% | 6.7% | 11.2% | -4.5pp | -9.0pp |
| EPS (Diluted) | $0.63 | $2.73 | $2.80 | -76.9% | -77.5% |
| Free Cash Flow | $557M | -$336M | $572M | 265.9% | -2.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $638M |
| GROSS PROFIT | $744M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $556M |
| Operating Expenses | $580M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $164M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$139M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $39M |
| EBIT | $25M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $638M |
| GROSS PROFIT | $744M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $556M |
| Operating Expenses | $580M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $164M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$139M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $39M |
| EBIT | $25M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$159M |
| Other Non-Cash Items | $649M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $573M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $25M |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $290M |
| Other Investing Activities | $1.5B |
| NET CASH FROM INVESTING | $1.7B |
| Net Debt Issuance | -$700M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$773M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $557M |
| Net Change in Cash | $808M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $0 |
| Net Receivables | $15.9B |
| Inventory | $189M |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $21.7B |
| PP&E (Net) | $520M |
| Goodwill | $929M |
| Intangible Assets | $130M |
| Long-Term Investments | $0 |
| Tax Assets | $283M |
| Other Non-Current Assets | $669M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $24.2B |
| Account Payables | $203M |
| Short-Term Debt | $2.6B |
| Deferred Revenue | $748M |
| Other Current Liabilities | $6.7B |
| TOTAL CURRENT LIABILITIES | $10.8B |
| Long-Term Debt | $6.8B |
| Deferred Revenue NC | $104M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.2B |
| TOTAL NON-CURRENT LIABILITIES | $12.4B |
| TOTAL LIABILITIES | $23.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$6.7B |
| Accum. Other Comp. Income | -$118M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $24.2B |
| Total Debt | $9.7B |
| Net Debt | $5.3B |
