| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $693M | 13.0% | 78.6% |
| Op. Income | $195M | $6M | $67M | 3091.8% | 190.6% |
| Gross Margin | 26.4% | 17.3% | 22.6% | 9.2pp | 3.9pp |
| Net Margin | 12.6% | 0.6% | 7.8% | 12.0pp | 4.8pp |
| EPS (Diluted) | $2.35 | $0.10 | $1.02 | 2250.0% | 130.4% |
| Free Cash Flow | $80M | $183M | $52M | -56.3% | 53.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $910M |
| GROSS PROFIT | $327M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $63M |
| SG&A Expenses | $63M |
| Other Expenses | $69M |
| Operating Expenses | $132M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $195M |
| Interest Income | $79M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $12M |
| EBIT | $206M |
| EBITDA | $218M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $910M |
| GROSS PROFIT | $327M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $63M |
| SG&A Expenses | $63M |
| Other Expenses | $69M |
| Operating Expenses | $132M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $195M |
| Interest Income | $79M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $12M |
| EBIT | $206M |
| EBITDA | $218M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $155M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$70M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $89M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$587M |
| Sales/Maturities of Investments | $389M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$220M |
| Net Debt Issuance | $178M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$16M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $163M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $6.9B |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $712M |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $499M |
| Long-Term Investments | $8.1B |
| Tax Assets | $83M |
| Other Non-Current Assets | -$8.1B |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $12.2B |
| Account Payables | $0 |
| Short-Term Debt | $93M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$820M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $83M |
| Other Non-Current Liabilities | $7.8B |
| TOTAL NON-CURRENT LIABILITIES | $8.8B |
| TOTAL LIABILITIES | $8.9B |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $151M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $12.2B |
| Total Debt | $1.1B |
| Net Debt | $989M |
