| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.1B | 12.3% | 29.3% |
| Op. Income | $410M | $269M | $444M | 52.6% | -7.6% |
| Gross Margin | 57.2% | 52.9% | 65.1% | 4.4pp | -7.9pp |
| Net Margin | 24.5% | 17.3% | 36.2% | 7.2pp | -11.7pp |
| EPS (Diluted) | $2.16 | $1.35 | $2.54 | 60.0% | -15.0% |
| Free Cash Flow | $464M | $270M | $359M | 72.0% | 29.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $604M |
| GROSS PROFIT | $809M |
| R&D Expenses | $211M |
| Selling & Marketing | $0 |
| General & Administrative | $188M |
| SG&A Expenses | $188M |
| Other Expenses | $2M |
| Operating Expenses | $399M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $410M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $372M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $346M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $347M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $347M |
| D&A | $99M |
| EBIT | $412M |
| EBITDA | $509M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $604M |
| GROSS PROFIT | $809M |
| R&D Expenses | $211M |
| Selling & Marketing | $0 |
| General & Administrative | $188M |
| SG&A Expenses | $188M |
| Other Expenses | $2M |
| Operating Expenses | $399M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $410M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $372M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $346M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $347M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $347M |
| D&A | $99M |
| EBIT | $412M |
| EBITDA | $509M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $346M |
| Depreciation & Amortization | $99M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $496M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | -$79M |
| Purchases of Investments | -$273M |
| Sales/Maturities of Investments | $237M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$147M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$228M |
| Common Dividends Paid | -$122M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$374M |
| FREE CASH FLOW | $464M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $988M |
| Short-Term Investments | $763M |
| Net Receivables | $1.2B |
| Inventory | $1.3B |
| Other Current Assets | $88M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $581M |
| Goodwill | $2.3B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $217M |
| Other Non-Current Assets | $263M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $221M |
| Short-Term Debt | $250M |
| Deferred Revenue | $630M |
| Other Current Liabilities | $520M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $101M |
| Deferred Tax Liabilities | $688M |
| Other Non-Current Liabilities | $567M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $2.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $733M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$72M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $18M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $3.5B |
| Net Debt | $2.5B |
