| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $974M | $1.0B | $848M | -7.0% | 14.9% |
| Op. Income | $252M | $332M | $277M | -24.0% | -8.9% |
| Gross Margin | 68.8% | 70.3% | 70.1% | -1.5pp | -1.3pp |
| Net Margin | 31.5% | 28.0% | 33.9% | 3.5pp | -2.5pp |
| EPS (Diluted) | $0.85 | $0.85 | $0.81 | 0.0% | 4.9% |
| Free Cash Flow | $218M | $283M | $240M | -22.7% | -9.0% |
| Item | Amount |
|---|---|
| REVENUE | $974M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $670M |
| R&D Expenses | $144M |
| Selling & Marketing | $0 |
| General & Administrative | $273M |
| SG&A Expenses | $273M |
| Other Expenses | $0 |
| Operating Expenses | $417M |
| Cost & Expenses | $722M |
| OPERATING INCOME | $252M |
| Interest Income | $28M |
| Interest Expense | $0 |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | $280M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | $304M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $307M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $307M |
| D&A | $42M |
| EBIT | $252M |
| EBITDA | $294M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $974M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $670M |
| R&D Expenses | $144M |
| Selling & Marketing | $0 |
| General & Administrative | $273M |
| SG&A Expenses | $273M |
| Other Expenses | $0 |
| Operating Expenses | $417M |
| Cost & Expenses | $722M |
| OPERATING INCOME | $252M |
| Interest Income | $28M |
| Interest Expense | $0 |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | $280M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | $304M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $307M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $307M |
| D&A | $42M |
| EBIT | $252M |
| EBITDA | $294M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $304M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $76M |
| Deferred Income Tax | $33M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$123M |
| OPERATING CASH FLOW | $333M |
| Capital Expenditure | -$115M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$992M |
| Sales/Maturities of Investments | $800M |
| Other Investing Activities | -$193M |
| NET CASH FROM INVESTING | -$309M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | -$42M |
| FREE CASH FLOW | $218M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.1B |
| Short-Term Investments | $1.9B |
| Net Receivables | $548M |
| Inventory | $468M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $935M |
| Goodwill | $248M |
| Intangible Assets | $379M |
| Long-Term Investments | $2.3B |
| Tax Assets | $392M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $131M |
| Short-Term Debt | $0 |
| Deferred Revenue | $329M |
| Other Current Liabilities | $166M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $352M |
| TOTAL NON-CURRENT LIABILITIES | $454M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$700.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $16M |
| TOTAL EQUITY | $7.1B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $71M |
| Net Debt | -$5.0B |
