| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $686M | $708M | $562M | -3.1% | 22.1% |
| Op. Income | $218M | $190M | $113M | 14.6% | 92.2% |
| Gross Margin | 81.2% | 82.2% | 76.7% | -1.0pp | 4.6pp |
| Net Margin | 24.5% | 15.0% | 16.3% | 9.4pp | 8.2pp |
| EPS (Diluted) | $1.69 | $1.05 | $0.89 | 61.0% | 89.9% |
| Free Cash Flow | $153M | $187M | $177M | -18.5% | -13.8% |
| Item | Amount |
|---|---|
| REVENUE | $686M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $557M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $214M |
| SG&A Expenses | $229M |
| Other Expenses | $111M |
| Operating Expenses | $339M |
| Cost & Expenses | $468M |
| OPERATING INCOME | $218M |
| Interest Income | $558M |
| Interest Expense | $87M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $17M |
| EBIT | $218M |
| EBITDA | $235M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $686M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $557M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $214M |
| SG&A Expenses | $229M |
| Other Expenses | $111M |
| Operating Expenses | $339M |
| Cost & Expenses | $468M |
| OPERATING INCOME | $218M |
| Interest Income | $558M |
| Interest Expense | $87M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $17M |
| EBIT | $218M |
| EBITDA | $235M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $168M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $46M |
| Other Non-Cash Items | -$96M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $172M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.8B |
| Sales/Maturities of Investments | $3.0B |
| Other Investing Activities | -$169M |
| NET CASH FROM INVESTING | -$943M |
| Net Debt Issuance | -$60M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | $753M |
| FREE CASH FLOW | $153M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.2B |
| Short-Term Investments | $13.3B |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $20.0B |
| PP&E (Net) | $707M |
| Goodwill | $671M |
| Intangible Assets | $192M |
| Long-Term Investments | $25.7B |
| Tax Assets | $993M |
| Other Non-Current Assets | $487M |
| TOTAL NON-CURRENT ASSETS | $28.7B |
| TOTAL ASSETS | $48.7B |
| Account Payables | $0 |
| Short-Term Debt | $201M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40.9B |
| TOTAL CURRENT LIABILITIES | $41.1B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $983M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $43.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$395M |
| Accum. Other Comp. Income | -$324M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $48.7B |
| Total Debt | $1.4B |
| Net Debt | -$3.8B |
