| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $328M | $342M | $328M | -4.2% | 0.1% |
| Op. Income | $98M | $108M | $104M | -9.5% | -5.4% |
| Gross Margin | 82.2% | 83.5% | 88.5% | -1.2pp | -6.3pp |
| Net Margin | 22.6% | 23.5% | 24.1% | -0.9pp | -1.5pp |
| EPS (Diluted) | $0.34 | $0.36 | $0.35 | -5.6% | -2.9% |
| Free Cash Flow | -$56M | $183M | $69M | -130.5% | -181.7% |
| Item | Amount |
|---|---|
| REVENUE | $328M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $270M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $120M |
| SG&A Expenses | $123M |
| Other Expenses | $49M |
| Operating Expenses | $172M |
| Cost & Expenses | $230M |
| OPERATING INCOME | $98M |
| Interest Income | $282M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $12M |
| EBIT | $98M |
| EBITDA | $110M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $328M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $270M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $120M |
| SG&A Expenses | $123M |
| Other Expenses | $49M |
| Operating Expenses | $172M |
| Cost & Expenses | $230M |
| OPERATING INCOME | $98M |
| Interest Income | $282M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $12M |
| EBIT | $98M |
| EBITDA | $110M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $754.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$50M |
| Change in Working Capital | -$90M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$45M |
| Purchases of Investments | -$211M |
| Sales/Maturities of Investments | $120M |
| Other Investing Activities | $192M |
| NET CASH FROM INVESTING | $54M |
| Net Debt Issuance | $181M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$46M |
| Other Financing Activities | $148M |
| NET CASH FROM FINANCING | $280M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | $280M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $903M |
| Short-Term Investments | $2.9B |
| Net Receivables | $1.4B |
| Inventory | -$1.3B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $327M |
| Goodwill | $1.8B |
| Intangible Assets | $182M |
| Long-Term Investments | $19.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $693M |
| TOTAL NON-CURRENT ASSETS | $22.2B |
| TOTAL ASSETS | $27.4B |
| Account Payables | $0 |
| Short-Term Debt | $289M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.2B |
| TOTAL CURRENT LIABILITIES | $21.5B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $45M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $23.2B |
| Common Stock | $3.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $630M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $27.4B |
| Total Debt | $1.7B |
| Net Debt | $820M |
