| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.4B | $2.3B | -8.3% | -7.1% |
| Op. Income | $537M | $617M | $592M | -12.9% | -9.2% |
| Gross Margin | 45.3% | 45.8% | 45.4% | -0.4pp | -0.1pp |
| Net Margin | 21.5% | 22.9% | 22.9% | -1.4pp | -1.4pp |
| EPS (Diluted) | $0.31 | $0.35 | $0.32 | -11.4% | -3.1% |
| Free Cash Flow | $425M | $815M | $664M | -47.8% | -36.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $982M |
| R&D Expenses | $287M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $0 |
| Operating Expenses | $444M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $537M |
| Interest Income | $32M |
| Interest Expense | $44M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $525M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $466M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $466M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $466M |
| D&A | $65M |
| EBIT | $569M |
| EBITDA | $633M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $982M |
| R&D Expenses | $287M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $0 |
| Operating Expenses | $444M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $537M |
| Interest Income | $32M |
| Interest Expense | $44M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $525M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $466M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $466M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $466M |
| D&A | $65M |
| EBIT | $569M |
| EBITDA | $633M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $466M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$112M |
| OPERATING CASH FLOW | $464M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $39M |
| Purchases of Investments | -$148M |
| Sales/Maturities of Investments | $938M |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | $751M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | -$78M |
| Common Dividends Paid | -$159M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$262M |
| FREE CASH FLOW | $425M |
| Net Change in Cash | $948M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.6B |
| Short-Term Investments | $984M |
| Net Receivables | $1.6B |
| Inventory | $1.5B |
| Other Current Assets | $385.0K |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $1.0B |
| Goodwill | $1.5B |
| Intangible Assets | $206M |
| Long-Term Investments | $1M |
| Tax Assets | -$1M |
| Other Non-Current Assets | $788M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $12.3B |
| Account Payables | $416M |
| Short-Term Debt | $645M |
| Deferred Revenue | $407M |
| Other Current Liabilities | $444M |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $7.4B |
| Common Stock | $145.0K |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | $10.2B |
| Treasury Stock | -$11.7B |
| Accum. Other Comp. Income | -$73M |
| Other Equity | $43M |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $12.3B |
| Total Debt | $4.4B |
| Net Debt | -$174M |
