| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $4.5B | $3.6B | -12.4% | 9.9% |
| Op. Income | $268M | $467M | $435M | -42.6% | -38.4% |
| Gross Margin | 8.9% | 57.5% | 15.0% | -48.5pp | -6.1pp |
| Net Margin | 6.4% | 8.8% | 10.2% | -2.5pp | -3.8pp |
| EPS (Diluted) | $1.22 | $1.80 | $1.64 | -32.2% | -25.6% |
| Free Cash Flow | -$1.3B | $909M | $140M | -246.4% | -1050.7% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $354M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $86M |
| Operating Expenses | $86M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $268M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $268M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $252M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $252M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $252M |
| D&A | $0 |
| EBIT | $339M |
| EBITDA | $339M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $354M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $86M |
| Operating Expenses | $86M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $268M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $268M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $252M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $252M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $252M |
| D&A | $0 |
| EBIT | $339M |
| EBITDA | $339M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $252M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$724M |
| Change in Working Capital | -$859M |
| OPERATING CASH FLOW | -$1.3B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.6B |
| Sales/Maturities of Investments | $3.9B |
| Other Investing Activities | -$424M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$77M |
| Other Financing Activities | $1.9B |
| NET CASH FROM FINANCING | $1.7B |
| FREE CASH FLOW | -$1.3B |
| Net Change in Cash | -$752M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $98.0B |
| Net Receivables | $18.3B |
| Inventory | $0 |
| Other Current Assets | $6.6B |
| TOTAL CURRENT ASSETS | $124.5B |
| PP&E (Net) | $374M |
| Goodwill | $1.8B |
| Intangible Assets | $9.4B |
| Long-Term Investments | $101.5B |
| Tax Assets | -$374M |
| Other Non-Current Assets | $86.5B |
| TOTAL NON-CURRENT ASSETS | $189.8B |
| TOTAL ASSETS | $314.3B |
| Account Payables | $0 |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$5.7B |
| TOTAL CURRENT LIABILITIES | $292.3B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $292.0B |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $297.9B |
| Common Stock | $5.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.4B |
| TOTAL LIABILITIES & EQUITY | $314.3B |
| Total Debt | $5.9B |
| Net Debt | $4.3B |
