| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.2B | 0.3% | 13.1% |
| Op. Income | $421M | $391M | $385M | 7.7% | 9.4% |
| Gross Margin | 77.3% | 79.6% | 82.9% | -2.2pp | -5.6pp |
| Net Margin | 25.8% | 24.1% | 26.5% | 1.7pp | -0.8pp |
| EPS (Diluted) | $0.32 | $0.29 | $0.28 | 10.3% | 14.3% |
| Free Cash Flow | $473M | $534M | $278M | -11.4% | 70.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $315M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $402M |
| SG&A Expenses | $409M |
| Other Expenses | $244M |
| Operating Expenses | $653M |
| Cost & Expenses | $968M |
| OPERATING INCOME | $421M |
| Interest Income | $1.1B |
| Interest Expense | $248M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $421M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $358M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $358M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $339M |
| D&A | $131M |
| EBIT | $421M |
| EBITDA | $552M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $315M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $402M |
| SG&A Expenses | $409M |
| Other Expenses | $244M |
| Operating Expenses | $653M |
| Cost & Expenses | $968M |
| OPERATING INCOME | $421M |
| Interest Income | $1.1B |
| Interest Expense | $248M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $421M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $358M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $358M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $339M |
| D&A | $131M |
| EBIT | $421M |
| EBITDA | $552M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $358M |
| Depreciation & Amortization | $131M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $73M |
| Change in Working Capital | -$97M |
| OPERATING CASH FLOW | $497M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$712M |
| Sales/Maturities of Investments | $510M |
| Other Investing Activities | -$289M |
| NET CASH FROM INVESTING | -$515M |
| Net Debt Issuance | $1.5B |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$148M |
| Other Financing Activities | -$2.6B |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $473M |
| Net Change in Cash | -$1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $254M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $784M |
| Goodwill | $2.0B |
| Intangible Assets | $513M |
| Long-Term Investments | $97.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.7B |
| TOTAL NON-CURRENT ASSETS | $106.5B |
| TOTAL ASSETS | $108.2B |
| Account Payables | $0 |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $82.2B |
| TOTAL CURRENT LIABILITIES | $85.0B |
| Long-Term Debt | $9.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $11.8B |
| TOTAL LIABILITIES | $96.8B |
| Common Stock | $11M |
| Additional Paid-In Capital | $9.2B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$45M |
| Accum. Other Comp. Income | -$455M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.4B |
| TOTAL LIABILITIES & EQUITY | $108.2B |
| Total Debt | $12.3B |
| Net Debt | $10.8B |
