| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.8B | $1.7B | 9.5% | 12.6% |
| Op. Income | $415M | -$702M | $218M | 159.0% | 90.5% |
| Gross Margin | 26.8% | -33.6% | 18.9% | 60.4pp | 7.9pp |
| Net Margin | 18.0% | -21.3% | 12.1% | 39.3pp | 6.0pp |
| EPS (Diluted) | $8.54 | $-9.50 | $5.11 | 189.9% | 67.1% |
| Free Cash Flow | $460M | $66M | $196M | 592.1% | 135.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $528M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $107M |
| Operating Expenses | $113M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $415M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $415M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $355M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $355M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $351M |
| D&A | $0 |
| EBIT | $422M |
| EBITDA | $422M |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $528M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $107M |
| Operating Expenses | $113M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $415M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $415M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $355M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $355M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $351M |
| D&A | $0 |
| EBIT | $422M |
| EBITDA | $422M |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| Net Income | $355M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$72M |
| Change in Working Capital | $168M |
| OPERATING CASH FLOW | $460M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.8B |
| Sales/Maturities of Investments | $2.3B |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$433M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | -$57M |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$93M |
| FREE CASH FLOW | $460M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $584M |
| Short-Term Investments | $16.1B |
| Net Receivables | $4.7B |
| Inventory | $0 |
| Other Current Assets | -$21.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $17.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$17.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $25.6B |
| Account Payables | $288M |
| Short-Term Debt | $397M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$803M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $634M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$707M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $17.2B |
| Common Stock | $694.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.9B |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | -$216M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.4B |
| TOTAL LIABILITIES & EQUITY | $25.6B |
| Total Debt | $1.1B |
| Net Debt | $520M |
