| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $658M | $699M | $765M | -5.9% | -14.1% |
| Op. Income | $120M | $156M | $186M | -23.4% | -35.6% |
| Gross Margin | 43.4% | 50.0% | 47.1% | -6.6pp | -3.7pp |
| Net Margin | 14.8% | 16.2% | 20.9% | -1.5pp | -6.1pp |
| EPS (Diluted) | $0.80 | $0.89 | $1.21 | -10.1% | -33.9% |
| Free Cash Flow | -$167M | $397M | -$55M | -142.1% | -204.6% |
| Item | Amount |
|---|---|
| REVENUE | $658M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $286M |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $71M |
| SG&A Expenses | $99M |
| Other Expenses | $67M |
| Operating Expenses | $166M |
| Cost & Expenses | $538M |
| OPERATING INCOME | $120M |
| Interest Income | $4M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $12M |
| EBIT | $138M |
| EBITDA | $149M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $658M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $286M |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $71M |
| SG&A Expenses | $99M |
| Other Expenses | $67M |
| Operating Expenses | $166M |
| Cost & Expenses | $538M |
| OPERATING INCOME | $120M |
| Interest Income | $4M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $12M |
| EBIT | $138M |
| EBITDA | $149M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $97M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $105M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$394M |
| OPERATING CASH FLOW | -$161M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $70.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $320M |
| Common Stock Repurchased | -$192M |
| Common Dividends Paid | -$103M |
| Other Financing Activities | $69M |
| NET CASH FROM FINANCING | $94M |
| FREE CASH FLOW | -$167M |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $1.1B |
| Net Receivables | $695M |
| Inventory | $0 |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $489M |
| Goodwill | $372M |
| Intangible Assets | $3M |
| Long-Term Investments | $616M |
| Tax Assets | $592M |
| Other Non-Current Assets | $543M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | -$1.3B |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $952.0K |
| Other Non-Current Liabilities | -$479M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $536M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$739M |
| Accum. Other Comp. Income | -$269M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $701M |
| Minority Interest | $70M |
| TOTAL EQUITY | $771M |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $2.3B |
| Net Debt | $1.3B |
