| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26.4B | $26.5B | $24.9B | -0.4% | 5.7% |
| Op. Income | $3.6B | $3.4B | $3.4B | 6.5% | 6.4% |
| Gross Margin | 34.2% | 34.1% | 34.5% | 0.1pp | -0.4pp |
| Net Margin | 9.5% | 8.8% | 9.6% | 0.7pp | -0.1pp |
| EPS (Diluted) | $2.27 | $2.09 | $2.08 | 8.6% | 9.1% |
| Free Cash Flow | $4.0B | $2.3B | $3.4B | 77.5% | 17.7% |
| Item | Amount |
|---|---|
| REVENUE | $26.4B |
| Cost of Revenue | $17.4B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4.9B |
| SG&A Expenses | $4.9B |
| Other Expenses | $480M |
| Operating Expenses | $5.4B |
| Cost & Expenses | $22.8B |
| OPERATING INCOME | $3.6B |
| Interest Income | $15M |
| Interest Expense | $288M |
| Other Income/Expenses | -$273M |
| INCOME BEFORE TAX | $3.3B |
| Income Tax Expense | $811M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $547M |
| EBIT | $3.6B |
| EBITDA | $4.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $26.4B |
| Cost of Revenue | $17.4B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4.9B |
| SG&A Expenses | $4.9B |
| Other Expenses | $480M |
| Operating Expenses | $5.4B |
| Cost & Expenses | $22.8B |
| OPERATING INCOME | $3.6B |
| Interest Income | $15M |
| Interest Expense | $288M |
| Other Income/Expenses | -$273M |
| INCOME BEFORE TAX | $3.3B |
| Income Tax Expense | $811M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $547M |
| EBIT | $3.6B |
| EBITDA | $4.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.5B |
| Depreciation & Amortization | $547M |
| Stock-Based Compensation | $86M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $91M |
| Change in Working Capital | $1.5B |
| OPERATING CASH FLOW | $4.7B |
| Capital Expenditure | -$681M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$688M |
| Net Debt Issuance | -$982M |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | -$98M |
| NET CASH FROM FINANCING | -$3.9B |
| FREE CASH FLOW | $4.0B |
| Net Change in Cash | $104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $15.5B |
| Other Current Assets | $859M |
| TOTAL CURRENT ASSETS | $20.6B |
| PP&E (Net) | $27.9B |
| Goodwill | $2.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $813M |
| TOTAL NON-CURRENT ASSETS | $31.0B |
| TOTAL ASSETS | $51.5B |
| Account Payables | $10.3B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.7B |
| Long-Term Debt | $26.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $34.0B |
| TOTAL LIABILITIES | $53.7B |
| Common Stock | $89M |
| Additional Paid-In Capital | $10.6B |
| Retained Earnings | $47.5B |
| Treasury Stock | -$59.4B |
| Accum. Other Comp. Income | -$835M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.1B |
| TOTAL LIABILITIES & EQUITY | $51.5B |
| Total Debt | $34.2B |
| Net Debt | $32.3B |
