| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $859M | $952M | — | -9.8% | — |
| Op. Income | $189M | $268M | — | -29.5% | — |
| Gross Margin | 72.1% | 69.5% | — | 2.5pp | — |
| Net Margin | 20.1% | 25.1% | — | -5.0pp | — |
| EPS (Diluted) | $1.17 | $1.61 | — | -27.5% | — |
| Free Cash Flow | $241M | $386M | — | -37.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $859M |
| Cost of Revenue | $240M |
| GROSS PROFIT | $619M |
| R&D Expenses | $156M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $274M |
| Other Expenses | $0 |
| Operating Expenses | $430M |
| Cost & Expenses | $670M |
| OPERATING INCOME | $189M |
| Interest Income | $14M |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $173M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $44M |
| EBIT | $189M |
| EBITDA | $233M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $859M |
| Cost of Revenue | $240M |
| GROSS PROFIT | $619M |
| R&D Expenses | $156M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $274M |
| Other Expenses | $0 |
| Operating Expenses | $430M |
| Cost & Expenses | $670M |
| OPERATING INCOME | $189M |
| Interest Income | $14M |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $173M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $44M |
| EBIT | $189M |
| EBITDA | $233M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $173M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | -$29M |
| Other Non-Cash Items | $100M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | $281M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$256M |
| Sales/Maturities of Investments | $293M |
| Other Investing Activities | -$132M |
| NET CASH FROM INVESTING | -$135M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$188M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | -$191M |
| FREE CASH FLOW | $241M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $1.3B |
| Net Receivables | $472M |
| Inventory | $384M |
| Other Current Assets | $136M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $1.4B |
| Goodwill | $824M |
| Intangible Assets | $138M |
| Long-Term Investments | $275M |
| Tax Assets | $91M |
| Other Non-Current Assets | $160M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $130M |
| Short-Term Debt | $545M |
| Deferred Revenue | $158M |
| Other Current Liabilities | $55M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $652M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $224M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | $4.2B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $1.9B |
| Net Debt | -$98M |
