| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.8B | $5.1B | -8.9% | 3.8% |
| Op. Income | $2.2B | $1.1B | $2.2B | 95.5% | 3.9% |
| Gross Margin | 81.9% | 72.9% | 80.3% | 9.0pp | 1.6pp |
| Net Margin | 37.4% | 0.1% | 30.2% | 37.3pp | 7.2pp |
| EPS (Diluted) | $1.54 | $0.00 | $1.17 | 66856.5% | 31.6% |
| Free Cash Flow | $1.3B | $2.1B | $2.1B | -36.1% | -34.9% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $957M |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $254M |
| Other Income/Expenses | $113M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $382M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $359M |
| EBIT | $2.6B |
| EBITDA | $3.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $957M |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $254M |
| Other Income/Expenses | $113M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $382M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $359M |
| EBIT | $2.6B |
| EBITDA | $3.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $359M |
| Stock-Based Compensation | $143M |
| Deferred Income Tax | $24M |
| Other Non-Cash Items | -$24M |
| Change in Working Capital | -$893M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$237M |
| Acquisitions (Net) | -$56M |
| Purchases of Investments | -$6.8B |
| Sales/Maturities of Investments | $7.1B |
| Other Investing Activities | -$259M |
| NET CASH FROM INVESTING | -$244M |
| Net Debt Issuance | -$750M |
| Common Stock Repurchased | -$834M |
| Common Dividends Paid | -$817M |
| Other Financing Activities | -$68M |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16.9B |
| Short-Term Investments | $11.0B |
| Net Receivables | $3.3B |
| Inventory | $898M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $34.0B |
| PP&E (Net) | $4.1B |
| Goodwill | $4.1B |
| Intangible Assets | $15.4B |
| Long-Term Investments | $2.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $28.8B |
| TOTAL ASSETS | $62.8B |
| Account Payables | $577M |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $325M |
| TOTAL CURRENT LIABILITIES | $9.4B |
| Long-Term Debt | $24.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.3B |
| TOTAL NON-CURRENT LIABILITIES | $31.3B |
| TOTAL LIABILITIES | $40.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $19.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $130M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.0B |
| Minority Interest | $140M |
| TOTAL EQUITY | $22.1B |
| TOTAL LIABILITIES & EQUITY | $62.8B |
| Total Debt | $26.6B |
| Net Debt | $9.7B |
