| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $471M | $466M | $427M | 1.1% | 10.2% |
| Op. Income | $129M | $133M | $144M | -3.0% | -11.0% |
| Gross Margin | 56.8% | 57.4% | 66.4% | -0.7pp | -9.6pp |
| Net Margin | 20.7% | 21.8% | 24.9% | -1.1pp | -4.2pp |
| EPS (Diluted) | $0.57 | $0.57 | $0.60 | 0.0% | -5.0% |
| Free Cash Flow | $158M | $319M | $144M | -50.3% | 9.9% |
| Item | Amount |
|---|---|
| REVENUE | $471M |
| Cost of Revenue | $204M |
| GROSS PROFIT | $267M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $116M |
| SG&A Expenses | $116M |
| Other Expenses | $23M |
| Operating Expenses | $139M |
| Cost & Expenses | $342M |
| OPERATING INCOME | $129M |
| Interest Income | $446M |
| Interest Expense | $205M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $7M |
| EBIT | $129M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $471M |
| Cost of Revenue | $204M |
| GROSS PROFIT | $267M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $116M |
| SG&A Expenses | $116M |
| Other Expenses | $23M |
| Operating Expenses | $139M |
| Cost & Expenses | $342M |
| OPERATING INCOME | $129M |
| Interest Income | $446M |
| Interest Expense | $205M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $7M |
| EBIT | $129M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $98M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $49M |
| OPERATING CASH FLOW | $158M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$655M |
| Sales/Maturities of Investments | $589M |
| Other Investing Activities | -$301M |
| NET CASH FROM INVESTING | -$368M |
| Net Debt Issuance | -$950M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$79M |
| Other Financing Activities | $837M |
| NET CASH FROM FINANCING | -$276M |
| FREE CASH FLOW | $158M |
| Net Change in Cash | -$485M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $990M |
| Short-Term Investments | $4.0B |
| Net Receivables | $941M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $646M |
| Goodwill | $2.4B |
| Intangible Assets | $0 |
| Long-Term Investments | $39.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $46.2B |
| TOTAL ASSETS | $52.1B |
| Account Payables | $0 |
| Short-Term Debt | $800M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31.6B |
| TOTAL CURRENT LIABILITIES | $32.4B |
| Long-Term Debt | $12.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $330M |
| TOTAL NON-CURRENT LIABILITIES | $13.1B |
| TOTAL LIABILITIES | $45.5B |
| Common Stock | $5M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $307M |
| Treasury Stock | -$222M |
| Accum. Other Comp. Income | -$57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $52.1B |
| Total Debt | $13.6B |
| Net Debt | $12.6B |
