| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $617M | $508M | $500M | 21.6% | 23.4% |
| Op. Income | $164M | $111M | $127M | 47.1% | 28.8% |
| Gross Margin | 46.1% | 45.2% | 45.9% | 0.9pp | 0.2pp |
| Net Margin | 18.4% | 14.5% | 18.2% | 4.0pp | 0.3pp |
| EPS (Diluted) | $0.40 | $0.26 | $0.32 | 53.8% | 25.0% |
| Free Cash Flow | -$18M | $199M | $70M | -108.9% | -125.6% |
| Item | Amount |
|---|---|
| REVENUE | $617M |
| Cost of Revenue | $333M |
| GROSS PROFIT | $285M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $121M |
| Operating Expenses | $121M |
| Cost & Expenses | $454M |
| OPERATING INCOME | $164M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $32M |
| EBIT | $164M |
| EBITDA | $196M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $617M |
| Cost of Revenue | $333M |
| GROSS PROFIT | $285M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $121M |
| Operating Expenses | $121M |
| Cost & Expenses | $454M |
| OPERATING INCOME | $164M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $32M |
| EBIT | $164M |
| EBITDA | $196M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$141M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | -$95M |
| Purchases of Investments | -$31.0K |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$116M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$42M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$153M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $322M |
| Short-Term Investments | $11M |
| Net Receivables | $898M |
| Inventory | $0 |
| Other Current Assets | $449M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $292M |
| Goodwill | $3.5B |
| Intangible Assets | $908M |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | $81M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $938M |
| Short-Term Debt | $55M |
| Deferred Revenue | $409M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $301M |
| Other Non-Current Liabilities | $160M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $30M |
| Additional Paid-In Capital | $621M |
| Retained Earnings | $2.9B |
| Treasury Stock | -$478M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $1.7B |
| Net Debt | $1.3B |
