| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.4B | $2.5B | 12.2% | 6.3% |
| Op. Income | $419M | -$114M | $346M | 467.5% | 21.1% |
| Gross Margin | 37.0% | 19.4% | 35.5% | 17.6pp | 1.5pp |
| Net Margin | 12.7% | -3.5% | 11.5% | 16.2pp | 1.2pp |
| EPS (Diluted) | $1.25 | $-0.31 | $1.07 | 503.2% | 16.8% |
| Free Cash Flow | $279M | $347M | $180M | -19.6% | 55.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $996M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $577M |
| Operating Expenses | $577M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $419M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $419M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $342M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $19M |
| EBIT | $453M |
| EBITDA | $472M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $996M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $577M |
| Operating Expenses | $577M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $419M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $419M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $342M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $19M |
| EBIT | $453M |
| EBITDA | $472M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $342M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $32M |
| Other Non-Cash Items | -$142M |
| Change in Working Capital | $56M |
| OPERATING CASH FLOW | $287M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $72M |
| Purchases of Investments | -$2.7B |
| Sales/Maturities of Investments | $2.9B |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | $289M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | -$643M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$665M |
| FREE CASH FLOW | $279M |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $223M |
| Short-Term Investments | $1.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $314M |
| Goodwill | $147M |
| Intangible Assets | $664M |
| Long-Term Investments | $44.7B |
| Tax Assets | $217M |
| Other Non-Current Assets | $9.6B |
| TOTAL NON-CURRENT ASSETS | $55.0B |
| TOTAL ASSETS | $58.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $3.5B |
| Other Current Liabilities | $14.1B |
| TOTAL CURRENT LIABILITIES | $44.3B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $3.5B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37.4B |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $47.0B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.0B |
| Treasury Stock | -$64M |
| Accum. Other Comp. Income | -$324M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.5B |
| TOTAL LIABILITIES & EQUITY | $58.5B |
| Total Debt | $2.7B |
| Net Debt | $2.5B |
