| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.8B | $2.8B | 0.1% | -2.0% |
| Op. Income | $318M | $308M | $305M | 3.4% | 4.2% |
| Gross Margin | 28.3% | 27.7% | 27.3% | 0.6pp | 0.9pp |
| Net Margin | 6.6% | 5.7% | 6.1% | 1.0pp | 0.6pp |
| EPS (Diluted) | $1.86 | $1.56 | $1.67 | 19.2% | 11.4% |
| Free Cash Flow | $72M | $364M | $82M | -80.3% | -12.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $790M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $394M |
| Other Expenses | -$10M |
| Operating Expenses | $451M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $318M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $255M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $186M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $199M |
| EBIT | $311M |
| EBITDA | $512M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $790M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $394M |
| Other Expenses | -$10M |
| Operating Expenses | $451M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $318M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $255M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $186M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $199M |
| EBIT | $311M |
| EBITDA | $512M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $186M |
| Depreciation & Amortization | $199M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$266M |
| OPERATING CASH FLOW | $166M |
| Capital Expenditure | -$94M |
| Acquisitions (Net) | -$51M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $400.0K |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$141M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | -$103M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | -$78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $349M |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $234M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $2.5B |
| Goodwill | $7.4B |
| Intangible Assets | $3.9B |
| Long-Term Investments | $67M |
| Tax Assets | $2M |
| Other Non-Current Assets | $288M |
| TOTAL NON-CURRENT ASSETS | $14.1B |
| TOTAL ASSETS | $17.0B |
| Account Payables | $592M |
| Short-Term Debt | $502M |
| Deferred Revenue | $365M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $959M |
| Other Non-Current Liabilities | $307M |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $12M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $7.3B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$440M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.1B |
| Minority Interest | $20M |
| TOTAL EQUITY | $7.1B |
| TOTAL LIABILITIES & EQUITY | $17.0B |
| Total Debt | $6.8B |
| Net Debt | $6.5B |
