| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.8B | $9.2B | $6.7B | -15.6% | 15.8% |
| Op. Income | $802M | $1.1B | $588M | -25.2% | 36.5% |
| Gross Margin | 30.0% | 28.2% | 29.8% | 1.7pp | 0.2pp |
| Net Margin | 6.4% | 8.5% | -8.0% | -2.1pp | 14.4pp |
| EPS (Diluted) | $1.54 | $2.42 | $-1.66 | -36.4% | 192.8% |
| Free Cash Flow | -$2.3B | $1.5B | -$1.8B | -249.7% | -25.6% |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $407M |
| Selling & Marketing | $0 |
| General & Administrative | $764M |
| SG&A Expenses | $764M |
| Other Expenses | $351M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $7.0B |
| OPERATING INCOME | $802M |
| Interest Income | $0 |
| Interest Expense | $353M |
| Other Income/Expenses | -$118M |
| INCOME BEFORE TAX | $684M |
| Income Tax Expense | $184M |
| Net Income from Continuing Ops | $500M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $498M |
| Net Income Deductions | -$100.0K |
| BOTTOM LINE NET INCOME | $498M |
| D&A | $503M |
| EBIT | $1.0B |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $407M |
| Selling & Marketing | $0 |
| General & Administrative | $764M |
| SG&A Expenses | $764M |
| Other Expenses | $351M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $7.0B |
| OPERATING INCOME | $802M |
| Interest Income | $0 |
| Interest Expense | $353M |
| Other Income/Expenses | -$118M |
| INCOME BEFORE TAX | $684M |
| Income Tax Expense | $184M |
| Net Income from Continuing Ops | $500M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $498M |
| Net Income Deductions | -$100.0K |
| BOTTOM LINE NET INCOME | $498M |
| D&A | $503M |
| EBIT | $1.0B |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $500M |
| Depreciation & Amortization | $503M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$56M |
| Other Non-Cash Items | -$111M |
| Change in Working Capital | -$2.5B |
| OPERATING CASH FLOW | -$1.7B |
| Capital Expenditure | -$659M |
| Acquisitions (Net) | $371M |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $1.3B |
| NET CASH FROM INVESTING | $969M |
| Net Debt Issuance | $270M |
| Common Stock Repurchased | -$144M |
| Common Dividends Paid | -$220M |
| Other Financing Activities | $446M |
| NET CASH FROM FINANCING | $403M |
| FREE CASH FLOW | -$2.3B |
| Net Change in Cash | -$292M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $524M |
| Net Receivables | $36.9B |
| Inventory | $7.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $48.4B |
| PP&E (Net) | $12.7B |
| Goodwill | $3.0B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $212M |
| Tax Assets | $834M |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $21.5B |
| TOTAL ASSETS | $69.9B |
| Account Payables | $9.1B |
| Short-Term Debt | $15.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $24.4B |
| Long-Term Debt | $27.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $525M |
| Other Non-Current Liabilities | $5.8B |
| TOTAL NON-CURRENT LIABILITIES | $34.1B |
| TOTAL LIABILITIES | $58.6B |
| Common Stock | $4.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $27.8B |
| Treasury Stock | -$16.4B |
| Accum. Other Comp. Income | -$4.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.3B |
| Minority Interest | $19M |
| TOTAL EQUITY | $11.3B |
| TOTAL LIABILITIES & EQUITY | $69.9B |
| Total Debt | $43.1B |
| Net Debt | $39.4B |
