| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $5.5B | $2.9B | -41.8% | 12.4% |
| Op. Income | $787M | $220M | $907M | 257.5% | -13.2% |
| Gross Margin | 66.7% | 97.0% | 71.3% | -30.3pp | -4.6pp |
| Net Margin | 17.8% | 2.4% | 22.9% | 15.4pp | -5.1pp |
| EPS (Diluted) | $1.44 | $0.33 | $1.64 | 338.8% | -12.1% |
| Free Cash Flow | $4.0B | $449M | -$4.4B | 788.2% | 191.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $771M |
| SG&A Expenses | $798M |
| Other Expenses | $560M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $787M |
| Interest Income | $2.5B |
| Interest Expense | $941M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $787M |
| Income Tax Expense | $216M |
| Net Income from Continuing Ops | $571M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $571M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $571M |
| D&A | $153M |
| EBIT | $787M |
| EBITDA | $940M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $771M |
| SG&A Expenses | $798M |
| Other Expenses | $560M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $787M |
| Interest Income | $2.5B |
| Interest Expense | $941M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $787M |
| Income Tax Expense | $216M |
| Net Income from Continuing Ops | $571M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $571M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $571M |
| D&A | $153M |
| EBIT | $787M |
| EBITDA | $940M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $571M |
| Depreciation & Amortization | $153M |
| Stock-Based Compensation | -$3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $433M |
| Change in Working Capital | $2.9B |
| OPERATING CASH FLOW | $4.1B |
| Capital Expenditure | -$102M |
| Acquisitions (Net) | -$68M |
| Purchases of Investments | -$16.2B |
| Sales/Maturities of Investments | $14.3B |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | -$2.5B |
| Common Stock Repurchased | -$87M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$173M |
| NET CASH FROM FINANCING | -$2.8B |
| FREE CASH FLOW | $4.0B |
| Net Change in Cash | -$671M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.7B |
| Short-Term Investments | $0 |
| Net Receivables | $9.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $23.0B |
| PP&E (Net) | $3.3B |
| Goodwill | $186M |
| Intangible Assets | $1.7B |
| Long-Term Investments | $295.9B |
| Tax Assets | $3M |
| Other Non-Current Assets | $7.2B |
| TOTAL NON-CURRENT ASSETS | $308.3B |
| TOTAL ASSETS | $331.2B |
| Account Payables | $18M |
| Short-Term Debt | $7.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $202.4B |
| TOTAL CURRENT LIABILITIES | $212.7B |
| Long-Term Debt | $48.6B |
| Deferred Revenue NC | $385M |
| Deferred Tax Liabilities | $495M |
| Other Non-Current Liabilities | $44.5B |
| TOTAL NON-CURRENT LIABILITIES | $94.3B |
| TOTAL LIABILITIES | $307.0B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $11.6B |
| Retained Earnings | $11.7B |
| Treasury Stock | -$739M |
| Accum. Other Comp. Income | $238M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.2B |
| Minority Interest | $7M |
| TOTAL EQUITY | $24.2B |
| TOTAL LIABILITIES & EQUITY | $331.2B |
| Total Debt | $56.8B |
| Net Debt | $43.1B |
