| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $697M | $577M | $617M | 20.7% | 12.8% |
| Op. Income | $207M | $116M | $164M | 79.1% | 26.7% |
| Gross Margin | 49.8% | 42.0% | 46.1% | 7.8pp | 3.7pp |
| Net Margin | 21.9% | 13.3% | 18.4% | 8.6pp | 3.4pp |
| EPS (Diluted) | $0.54 | $0.27 | $0.40 | 100.0% | 35.0% |
| Free Cash Flow | $17M | $205M | -$18M | -91.5% | 197.4% |
| Item | Amount |
|---|---|
| REVENUE | $697M |
| Cost of Revenue | $350M |
| GROSS PROFIT | $347M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $140M |
| Operating Expenses | $140M |
| Cost & Expenses | $489M |
| OPERATING INCOME | $207M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $32M |
| EBIT | $221M |
| EBITDA | $253M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $697M |
| Cost of Revenue | $350M |
| GROSS PROFIT | $347M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $140M |
| Operating Expenses | $140M |
| Cost & Expenses | $489M |
| OPERATING INCOME | $207M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $32M |
| EBIT | $221M |
| EBITDA | $253M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $152M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$144M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$153M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$169M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$188M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $386M |
| Short-Term Investments | $17M |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $514M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $353M |
| Goodwill | $3.9B |
| Intangible Assets | $933M |
| Long-Term Investments | $23M |
| Tax Assets | $0 |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $1.1B |
| Short-Term Debt | $59M |
| Deferred Revenue | $461M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $323M |
| Other Non-Current Liabilities | $228M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $30M |
| Additional Paid-In Capital | $718M |
| Retained Earnings | $3.3B |
| Treasury Stock | -$538M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $1.7B |
| Net Debt | $1.3B |
