| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.3B | $14.4B | $11.6B | -0.5% | 23.2% |
| Op. Income | $2.3B | $1.9B | $1.7B | 23.3% | 32.3% |
| Gross Margin | 15.3% | 13.5% | 14.3% | 1.8pp | 1.0pp |
| Net Margin | 11.9% | 8.7% | 9.9% | 3.2pp | 1.9pp |
| EPS (Diluted) | $5.99 | $4.39 | $4.02 | 36.4% | 49.0% |
| Free Cash Flow | $1.4B | $1.8B | $416M | -21.6% | 231.5% |
| Item | Amount |
|---|---|
| REVENUE | $14.3B |
| Cost of Revenue | $12.1B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$95M |
| Operating Expenses | -$95M |
| Cost & Expenses | $12.1B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $171M |
| Other Income/Expenses | -$338M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $241M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $277M |
| EBIT | $2.1B |
| EBITDA | $2.4B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $14.3B |
| Cost of Revenue | $12.1B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$95M |
| Operating Expenses | -$95M |
| Cost & Expenses | $12.1B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $171M |
| Other Income/Expenses | -$338M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $241M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $277M |
| EBIT | $2.1B |
| EBITDA | $2.4B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $277M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$51M |
| Other Non-Cash Items | -$172M |
| Change in Working Capital | -$132M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$284M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | -$257M |
| Net Debt Issuance | -$200M |
| Common Stock Repurchased | -$281M |
| Common Dividends Paid | -$638M |
| Other Financing Activities | -$68M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $219M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $991M |
| Short-Term Investments | $0 |
| Net Receivables | $13.3B |
| Inventory | $3.3B |
| Other Current Assets | $425M |
| TOTAL CURRENT ASSETS | $18.0B |
| PP&E (Net) | $6.1B |
| Goodwill | $10.8B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $0 |
| Tax Assets | $3.2B |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $29.7B |
| TOTAL ASSETS | $47.7B |
| Account Payables | $3.1B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $6.8B |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $15.4B |
| Long-Term Debt | $12.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16.3B |
| TOTAL NON-CURRENT LIABILITIES | $29.8B |
| TOTAL LIABILITIES | $45.2B |
| Common Stock | $281M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $16.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $57M |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $47.7B |
| Total Debt | $13.9B |
| Net Debt | $12.9B |
