| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $4.2B | — | -9.5% | — |
| Op. Income | $576M | $394M | — | 46.2% | — |
| Gross Margin | 36.2% | 34.4% | — | 1.8pp | — |
| Net Margin | 13.2% | 8.5% | — | 4.7pp | — |
| EPS (Diluted) | $0.39 | $0.28 | — | 40.7% | — |
| Free Cash Flow | $338M | $958M | — | -64.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $659M |
| Other Expenses | $133M |
| Operating Expenses | $792M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $576M |
| Interest Income | $354M |
| Interest Expense | $126M |
| Other Income/Expenses | $119M |
| INCOME BEFORE TAX | $695M |
| Income Tax Expense | $194M |
| Net Income from Continuing Ops | $501M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $501M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $501M |
| D&A | $444M |
| EBIT | $699M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $659M |
| Other Expenses | $133M |
| Operating Expenses | $792M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $576M |
| Interest Income | $354M |
| Interest Expense | $126M |
| Other Income/Expenses | $119M |
| INCOME BEFORE TAX | $695M |
| Income Tax Expense | $194M |
| Net Income from Continuing Ops | $501M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $501M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $501M |
| D&A | $444M |
| EBIT | $699M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $501M |
| Depreciation & Amortization | $444M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$179M |
| Change in Working Capital | -$325M |
| OPERATING CASH FLOW | $440M |
| Capital Expenditure | -$102M |
| Acquisitions (Net) | $53M |
| Purchases of Investments | -$2.6B |
| Sales/Maturities of Investments | $2.4B |
| Other Investing Activities | $336M |
| NET CASH FROM INVESTING | $73M |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$313M |
| Other Financing Activities | $191M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $338M |
| Net Change in Cash | -$490M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.7B |
| Short-Term Investments | $0 |
| Net Receivables | $26.6B |
| Inventory | $770M |
| Other Current Assets | $824M |
| TOTAL CURRENT ASSETS | $36.0B |
| PP&E (Net) | $3.5B |
| Goodwill | $2.3B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $14.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.0B |
| TOTAL NON-CURRENT ASSETS | $35.2B |
| TOTAL ASSETS | $71.2B |
| Account Payables | $1.7B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $5.6B |
| Long-Term Debt | $23.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24.3B |
| TOTAL NON-CURRENT LIABILITIES | $47.9B |
| TOTAL LIABILITIES | $53.4B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $14.7B |
| Treasury Stock | -$473M |
| Accum. Other Comp. Income | -$334M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.0B |
| Minority Interest | $816M |
| TOTAL EQUITY | $17.8B |
| TOTAL LIABILITIES & EQUITY | $71.2B |
| Total Debt | $25.1B |
| Net Debt | $17.4B |
