| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28.3B | $25.8B | $26.4B | 9.6% | 7.1% |
| Op. Income | $3.3B | $3.4B | $3.6B | -3.7% | -8.9% |
| Gross Margin | 34.1% | 33.9% | 34.2% | 0.2pp | -0.1pp |
| Net Margin | 7.9% | 9.6% | 9.5% | -1.7pp | -1.6pp |
| EPS (Diluted) | $2.08 | $2.28 | $2.27 | -8.8% | -8.4% |
| Free Cash Flow | $5.2B | $2.3B | $4.0B | 126.7% | 27.8% |
| Item | Amount |
|---|---|
| REVENUE | $28.3B |
| Cost of Revenue | $18.6B |
| GROSS PROFIT | $9.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.8B |
| Other Expenses | $520M |
| Operating Expenses | $6.3B |
| Cost & Expenses | $25.0B |
| OPERATING INCOME | $3.3B |
| Interest Income | $17M |
| Interest Expense | $324M |
| Other Income/Expenses | -$307M |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $724M |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $607M |
| EBIT | $3.3B |
| EBITDA | $3.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $28.3B |
| Cost of Revenue | $18.6B |
| GROSS PROFIT | $9.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.8B |
| Other Expenses | $520M |
| Operating Expenses | $6.3B |
| Cost & Expenses | $25.0B |
| OPERATING INCOME | $3.3B |
| Interest Income | $17M |
| Interest Expense | $324M |
| Other Income/Expenses | -$307M |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $724M |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $607M |
| EBIT | $3.3B |
| EBITDA | $3.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.2B |
| Depreciation & Amortization | $607M |
| Stock-Based Compensation | $88M |
| Deferred Income Tax | -$68M |
| Other Non-Cash Items | $99M |
| Change in Working Capital | $2.8B |
| OPERATING CASH FLOW | $5.7B |
| Capital Expenditure | -$586M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$578M |
| Net Debt Issuance | $4.0B |
| Common Stock Repurchased | -$791M |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | -$125M |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | $5.2B |
| Net Change in Cash | $6.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.7B |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $15.0B |
| Other Current Assets | $982M |
| TOTAL CURRENT ASSETS | $27.3B |
| PP&E (Net) | $28.3B |
| Goodwill | $2.2B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $909M |
| TOTAL NON-CURRENT ASSETS | $31.5B |
| TOTAL ASSETS | $58.7B |
| Account Payables | $10.1B |
| Short-Term Debt | $4.2B |
| Deferred Revenue | $2.2B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $23.3B |
| Long-Term Debt | $31.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $38.9B |
| TOTAL LIABILITIES | $62.2B |
| Common Stock | $89M |
| Additional Paid-In Capital | $11.0B |
| Retained Earnings | $52.4B |
| Treasury Stock | -$65.8B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3.5B |
| TOTAL LIABILITIES & EQUITY | $58.7B |
| Total Debt | $41.8B |
| Net Debt | $33.1B |
