| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.5B | $14.3B | $12.9B | -6.1% | 4.7% |
| Op. Income | $2.2B | $1.9B | $2.1B | 17.2% | 4.7% |
| Gross Margin | 31.7% | 29.0% | 32.1% | 2.7pp | -0.4pp |
| Net Margin | 14.0% | 7.3% | 12.9% | 6.7pp | 1.0pp |
| EPS (Diluted) | $3.25 | $1.78 | $2.74 | 82.6% | 18.6% |
| Free Cash Flow | $574M | $1.3B | $178M | -55.7% | 222.5% |
| Item | Amount |
|---|---|
| REVENUE | $13.5B |
| Cost of Revenue | $9.2B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $435M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $312M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $11.3B |
| OPERATING INCOME | $2.2B |
| Interest Income | $52M |
| Interest Expense | $102M |
| Other Income/Expenses | $64M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $387M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $641M |
| EBIT | $2.4B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $13.5B |
| Cost of Revenue | $9.2B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $435M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $312M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $11.3B |
| OPERATING INCOME | $2.2B |
| Interest Income | $52M |
| Interest Expense | $102M |
| Other Income/Expenses | $64M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $387M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $641M |
| EBIT | $2.4B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $641M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | -$1.5B |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$547M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$109M |
| Sales/Maturities of Investments | $57M |
| Other Investing Activities | $142M |
| NET CASH FROM INVESTING | -$181M |
| Net Debt Issuance | -$424M |
| Common Stock Repurchased | -$751M |
| Common Dividends Paid | -$494M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $574M |
| Net Change in Cash | -$732M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.2B |
| Short-Term Investments | $0 |
| Net Receivables | $17.9B |
| Inventory | $12.3B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $39.1B |
| PP&E (Net) | $13.3B |
| Goodwill | $6.2B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $17.0B |
| TOTAL NON-CURRENT ASSETS | $39.6B |
| TOTAL ASSETS | $78.7B |
| Account Payables | $7.2B |
| Short-Term Debt | $11.5B |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $27.4B |
| Long-Term Debt | $24.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.6B |
| TOTAL NON-CURRENT LIABILITIES | $35.9B |
| TOTAL LIABILITIES | $63.2B |
| Common Stock | $5.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $32.4B |
| Treasury Stock | -$21.2B |
| Accum. Other Comp. Income | -$1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.4B |
| Minority Interest | $41M |
| TOTAL EQUITY | $15.5B |
| TOTAL LIABILITIES & EQUITY | $78.7B |
| Total Debt | $35.8B |
| Net Debt | $35.8B |
