| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.9B | $9.7B | $10.4B | -8.7% | -14.5% |
| Op. Income | $1.6B | $1.5B | $1.7B | 8.0% | -4.9% |
| Gross Margin | 33.8% | 31.3% | 30.8% | 2.5pp | 3.0pp |
| Net Margin | 15.9% | 17.7% | 13.8% | -1.8pp | 2.1pp |
| EPS (Diluted) | $1.92 | $2.31 | $1.89 | -16.9% | 1.6% |
| Free Cash Flow | $993M | $1.3B | $996M | -20.8% | -0.3% |
| Item | Amount |
|---|---|
| REVENUE | $8.9B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $7.2B |
| OPERATING INCOME | $1.6B |
| Interest Income | $67M |
| Interest Expense | $85M |
| Other Income/Expenses | $200M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $406M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $261M |
| EBIT | $1.9B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.9B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $7.2B |
| OPERATING INCOME | $1.6B |
| Interest Income | $67M |
| Interest Expense | $85M |
| Other Income/Expenses | $200M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $406M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $261M |
| EBIT | $1.9B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $261M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $80M |
| Other Non-Cash Items | -$147M |
| Change in Working Capital | -$517M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$141M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $796M |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | -$609M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | -$750M |
| Common Dividends Paid | -$606M |
| Other Financing Activities | $115M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $993M |
| Net Change in Cash | -$662M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.6B |
| Short-Term Investments | $2.1B |
| Net Receivables | $7.3B |
| Inventory | $4.5B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $24.3B |
| PP&E (Net) | $5.3B |
| Goodwill | $15.6B |
| Intangible Assets | $4.0B |
| Long-Term Investments | $747M |
| Tax Assets | $362M |
| Other Non-Current Assets | $8.2B |
| TOTAL NON-CURRENT ASSETS | $34.2B |
| TOTAL ASSETS | $58.6B |
| Account Payables | $5.6B |
| Short-Term Debt | $7.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.6B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.9B |
| Other Non-Current Liabilities | $9.6B |
| TOTAL NON-CURRENT LIABILITIES | $20.0B |
| TOTAL LIABILITIES | $39.6B |
| Common Stock | $958M |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | $34.8B |
| Treasury Stock | -$20.4B |
| Accum. Other Comp. Income | -$3.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.8B |
| Minority Interest | $196M |
| TOTAL EQUITY | $19.0B |
| TOTAL LIABILITIES & EQUITY | $58.6B |
| Total Debt | $16.1B |
| Net Debt | $7.5B |
