| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | $1.7B | 1.7% | 17.2% |
| Op. Income | $566M | $557M | $501M | 1.6% | 13.0% |
| Gross Margin | 75.2% | 76.8% | 81.5% | -1.6pp | -6.3pp |
| Net Margin | 22.0% | 23.7% | 22.8% | -1.7pp | -0.8pp |
| EPS (Diluted) | $0.92 | $0.96 | $0.78 | -4.2% | 17.9% |
| Free Cash Flow | $472M | $423M | $615M | 11.6% | -23.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $495M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $509M |
| SG&A Expenses | $536M |
| Other Expenses | $395M |
| Operating Expenses | $931M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $566M |
| Interest Income | $1.6B |
| Interest Expense | $410M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $566M |
| Income Tax Expense | $127M |
| Net Income from Continuing Ops | $439M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $439M |
| Net Income Deductions | -$15M |
| BOTTOM LINE NET INCOME | $424M |
| D&A | $134M |
| EBIT | $566M |
| EBITDA | $700M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $495M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $509M |
| SG&A Expenses | $536M |
| Other Expenses | $395M |
| Operating Expenses | $931M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $566M |
| Interest Income | $1.6B |
| Interest Expense | $410M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $566M |
| Income Tax Expense | $127M |
| Net Income from Continuing Ops | $439M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $439M |
| Net Income Deductions | -$15M |
| BOTTOM LINE NET INCOME | $424M |
| D&A | $134M |
| EBIT | $566M |
| EBITDA | $700M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $439M |
| Depreciation & Amortization | $134M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $187M |
| Change in Working Capital | -$307M |
| OPERATING CASH FLOW | $472M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | -$129M |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$4.9B |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$149M |
| Other Financing Activities | $4.3B |
| NET CASH FROM FINANCING | -$639M |
| FREE CASH FLOW | $472M |
| Net Change in Cash | -$1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $21.1B |
| Net Receivables | $2.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $26.6B |
| PP&E (Net) | $746M |
| Goodwill | $7.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $119.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.5B |
| TOTAL NON-CURRENT ASSETS | $134.7B |
| TOTAL ASSETS | $161.3B |
| Account Payables | $93M |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $123.9B |
| TOTAL CURRENT LIABILITIES | $125.4B |
| Long-Term Debt | $11.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $676M |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $14.4B |
| TOTAL LIABILITIES | $139.8B |
| Common Stock | $6M |
| Additional Paid-In Capital | $18.8B |
| Retained Earnings | $5.7B |
| Treasury Stock | -$3.3B |
| Accum. Other Comp. Income | -$793M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.5B |
| TOTAL LIABILITIES & EQUITY | $161.3B |
| Total Debt | $12.4B |
| Net Debt | $9.8B |
