| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.2B | $21.8B | $19.1B | -16.4% | -4.7% |
| Op. Income | $2.0B | $4.8B | $1.7B | -58.1% | 17.0% |
| Gross Margin | 44.2% | 49.1% | 43.2% | -4.9pp | 1.0pp |
| Net Margin | 8.8% | 9.0% | 8.8% | -0.2pp | -0.1pp |
| EPS (Diluted) | $1.78 | $2.15 | $1.81 | -17.2% | -1.7% |
| Free Cash Flow | $4.1B | $3.2B | $3.6B | 27.6% | 12.7% |
| Item | Amount |
|---|---|
| REVENUE | $18.2B |
| Cost of Revenue | $10.1B |
| GROSS PROFIT | $8.0B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $432M |
| General & Administrative | $4.1B |
| SG&A Expenses | $4.6B |
| Other Expenses | $15M |
| Operating Expenses | $6.0B |
| Cost & Expenses | $16.2B |
| OPERATING INCOME | $2.0B |
| Interest Income | $70M |
| Interest Expense | $210M |
| Other Income/Expenses | -$138M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $289M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $1.4B |
| EBIT | $2.1B |
| EBITDA | $3.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $18.2B |
| Cost of Revenue | $10.1B |
| GROSS PROFIT | $8.0B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $432M |
| General & Administrative | $4.1B |
| SG&A Expenses | $4.6B |
| Other Expenses | $15M |
| Operating Expenses | $6.0B |
| Cost & Expenses | $16.2B |
| OPERATING INCOME | $2.0B |
| Interest Income | $70M |
| Interest Expense | $210M |
| Other Income/Expenses | -$138M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $289M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $1.4B |
| EBIT | $2.1B |
| EBITDA | $3.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $1.4B |
| Stock-Based Compensation | $113M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$176M |
| Change in Working Capital | $1.8B |
| OPERATING CASH FLOW | $4.8B |
| Capital Expenditure | -$695M |
| Acquisitions (Net) | $32M |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $674M |
| Other Investing Activities | $118M |
| NET CASH FROM INVESTING | -$853M |
| Net Debt Issuance | $4.2B |
| Common Stock Repurchased | -$981M |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $1.9B |
| FREE CASH FLOW | $4.1B |
| Net Change in Cash | $5.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17.1B |
| Short-Term Investments | $872M |
| Net Receivables | $28.5B |
| Inventory | $1.8B |
| Other Current Assets | $2.9B |
| TOTAL CURRENT ASSETS | $52.7B |
| PP&E (Net) | $15.3B |
| Goodwill | $36.3B |
| Intangible Assets | $3.0B |
| Long-Term Investments | $2.4B |
| Tax Assets | $5.3B |
| Other Non-Current Assets | $16.0B |
| TOTAL NON-CURRENT ASSETS | $78.2B |
| TOTAL ASSETS | $130.9B |
| Account Payables | $5.7B |
| Short-Term Debt | $10.2B |
| Deferred Revenue | $12.1B |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $38.9B |
| Long-Term Debt | $39.7B |
| Deferred Revenue NC | $3.5B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28.6B |
| TOTAL NON-CURRENT LIABILITIES | $75.4B |
| TOTAL LIABILITIES | $114.3B |
| Common Stock | $55.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $159.4B |
| Treasury Stock | -$169.0B |
| Accum. Other Comp. Income | -$29.2B |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | $16.5B |
| Minority Interest | $126M |
| TOTAL EQUITY | $16.6B |
| TOTAL LIABILITIES & EQUITY | $130.9B |
| Total Debt | $54.9B |
| Net Debt | $37.7B |
