| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $6.9B | $4.8B | -22.1% | 10.9% |
| Op. Income | $475M | $304M | $86M | 56.3% | 453.4% |
| Gross Margin | 38.5% | 32.0% | 35.9% | 6.5pp | 2.6pp |
| Net Margin | 4.7% | -10.3% | -1.9% | 15.0pp | 6.7pp |
| EPS (Diluted) | $0.08 | $-0.21 | $-0.03 | 135.9% | 373.1% |
| Free Cash Flow | $487M | $352M | $80M | 38.2% | 511.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $989M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $596M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $475M |
| Interest Income | $4M |
| Interest Expense | $70M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $469M |
| Income Tax Expense | $206M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $253M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $253M |
| D&A | $187M |
| EBIT | $541M |
| EBITDA | $729M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $989M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $596M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $475M |
| Interest Income | $4M |
| Interest Expense | $70M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $469M |
| Income Tax Expense | $206M |
| Net Income from Continuing Ops | $263M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $253M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $253M |
| D&A | $187M |
| EBIT | $541M |
| EBITDA | $729M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $253M |
| Depreciation & Amortization | $187M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $159M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $630M |
| Capital Expenditure | -$144M |
| Acquisitions (Net) | $58M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $511M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | $357M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$108M |
| Other Financing Activities | -$176M |
| NET CASH FROM FINANCING | -$284M |
| FREE CASH FLOW | $487M |
| Net Change in Cash | $572M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.9B |
| Short-Term Investments | $344M |
| Net Receivables | $8.6B |
| Inventory | $3.6B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $17.4B |
| PP&E (Net) | $2.3B |
| Goodwill | $3.3B |
| Intangible Assets | $720M |
| Long-Term Investments | $3.7B |
| Tax Assets | $3.2B |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13.3B |
| TOTAL ASSETS | $30.7B |
| Account Payables | $3.3B |
| Short-Term Debt | $518M |
| Deferred Revenue | $4.2B |
| Other Current Liabilities | $5.2B |
| TOTAL CURRENT LIABILITIES | $13.2B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $86M |
| Other Non-Current Liabilities | $3.8B |
| TOTAL NON-CURRENT LIABILITIES | $8.4B |
| TOTAL LIABILITIES | $21.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $9.2B |
| TOTAL STOCKHOLDERS' EQUITY | $9.2B |
| Minority Interest | -$9M |
| TOTAL EQUITY | $9.1B |
| TOTAL LIABILITIES & EQUITY | $30.7B |
| Total Debt | $5.0B |
| Net Debt | $37M |
