| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $4.4B | $3.7B | -7.6% | 8.5% |
| Op. Income | $877M | $1.1B | $875M | -22.0% | 0.2% |
| Gross Margin | 67.1% | 68.4% | 69.1% | -1.3pp | -2.0pp |
| Net Margin | 15.7% | 20.4% | 17.1% | -4.7pp | -1.4pp |
| EPS (Diluted) | $1.10 | $1.54 | $1.10 | -28.6% | 0.0% |
| Free Cash Flow | -$393M | $783M | $111M | -150.1% | -453.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.3B |
| General & Administrative | $107M |
| SG&A Expenses | $1.4B |
| Other Expenses | $459M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $877M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $827M |
| Income Tax Expense | $192M |
| Net Income from Continuing Ops | $635M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $635M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $635M |
| D&A | $880M |
| EBIT | $882M |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.3B |
| General & Administrative | $107M |
| SG&A Expenses | $1.4B |
| Other Expenses | $459M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $877M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $827M |
| Income Tax Expense | $192M |
| Net Income from Continuing Ops | $635M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $635M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $635M |
| D&A | $880M |
| EBIT | $882M |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $635M |
| Depreciation & Amortization | $880M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $106M |
| Other Non-Cash Items | $122M |
| Change in Working Capital | -$174M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$2.0B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $109M |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$128M |
| Other Financing Activities | $403.0K |
| NET CASH FROM FINANCING | -$137M |
| FREE CASH FLOW | -$393M |
| Net Change in Cash | -$420M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $861M |
| Other Current Assets | $268M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $29.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $30.8B |
| TOTAL ASSETS | $35.7B |
| Account Payables | $2.5B |
| Short-Term Debt | $915M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $171M |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.5B |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $11.5B |
| TOTAL LIABILITIES | $15.8B |
| Common Stock | $206M |
| Additional Paid-In Capital | $5.7B |
| Retained Earnings | $14.1B |
| Treasury Stock | -$45M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.9B |
| TOTAL LIABILITIES & EQUITY | $35.7B |
| Total Debt | $6.5B |
| Net Debt | $5.3B |
