| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.4B | 2.0% | 8.5% |
| Op. Income | $353M | $319M | $238M | 10.7% | 48.0% |
| Gross Margin | 58.3% | 53.9% | 53.4% | 4.4pp | 4.9pp |
| Net Margin | 15.5% | 19.0% | 10.5% | -3.5pp | 5.0pp |
| EPS (Diluted) | $3.86 | $4.65 | $2.42 | -16.8% | 59.7% |
| Free Cash Flow | -$588M | -$1.3B | -$501M | 56.1% | -17.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $625M |
| GROSS PROFIT | $873M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $429M |
| SG&A Expenses | $429M |
| Other Expenses | $92M |
| Operating Expenses | $521M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $353M |
| Interest Income | $1.1B |
| Interest Expense | $418M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $353M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $232M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $232M |
| D&A | $50M |
| EBIT | $353M |
| EBITDA | $403M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $625M |
| GROSS PROFIT | $873M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $429M |
| SG&A Expenses | $429M |
| Other Expenses | $92M |
| Operating Expenses | $521M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $353M |
| Interest Income | $1.1B |
| Interest Expense | $418M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $353M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $232M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $232M |
| D&A | $50M |
| EBIT | $353M |
| EBITDA | $403M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $232M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $169M |
| Change in Working Capital | -$969M |
| OPERATING CASH FLOW | -$525M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $30M |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$280M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$68M |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | $728M |
| FREE CASH FLOW | -$588M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.3B |
| Short-Term Investments | $0 |
| Net Receivables | $233M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $52.7B |
| Tax Assets | $515M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $57.9B |
| TOTAL ASSETS | $62.5B |
| Account Payables | $0 |
| Short-Term Debt | $850M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40.5B |
| TOTAL CURRENT LIABILITIES | $41.4B |
| Long-Term Debt | $9.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $756M |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $13.8B |
| TOTAL LIABILITIES | $55.2B |
| Common Stock | $134M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.8B |
| Minority Interest | $503M |
| TOTAL EQUITY | $7.3B |
| TOTAL LIABILITIES & EQUITY | $62.5B |
| Total Debt | $11.1B |
| Net Debt | $6.9B |
