| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $3.8B | $3.6B | 2.2% | 8.6% |
| Op. Income | $2.2B | $1.2B | $1.8B | 79.3% | 21.3% |
| Gross Margin | 79.1% | 77.9% | 79.0% | 1.3pp | 0.2pp |
| Net Margin | 47.9% | 23.6% | 41.7% | 24.3pp | 6.2pp |
| EPS (Diluted) | $1.80 | $0.87 | $1.41 | 106.9% | 27.7% |
| Free Cash Flow | $1.2B | $1.2B | $909M | -3.2% | 28.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $811M |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $192M |
| General & Administrative | $555M |
| SG&A Expenses | $747M |
| Other Expenses | $118M |
| Operating Expenses | $865M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $341M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $117M |
| EBIT | $2.2B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $811M |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $192M |
| General & Administrative | $555M |
| SG&A Expenses | $747M |
| Other Expenses | $118M |
| Operating Expenses | $865M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $341M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $117M |
| EBIT | $2.2B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $117M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | $38M |
| Other Non-Cash Items | $351M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$142M |
| Acquisitions (Net) | -$59M |
| Purchases of Investments | -$404M |
| Sales/Maturities of Investments | $770M |
| Other Investing Activities | $48M |
| NET CASH FROM INVESTING | $213M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.8B |
| Common Dividends Paid | -$340M |
| Other Financing Activities | -$113M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$752M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.9B |
| Short-Term Investments | $1.3B |
| Net Receivables | $4.0B |
| Inventory | $0 |
| Other Current Assets | $2.4B |
| TOTAL CURRENT ASSETS | $14.4B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.9B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $348M |
| Tax Assets | $504M |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $9.1B |
| TOTAL ASSETS | $23.5B |
| Account Payables | $508M |
| Short-Term Debt | $500M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.1B |
| TOTAL CURRENT LIABILITIES | $10.2B |
| Long-Term Debt | $5.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $61M |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $8.0B |
| TOTAL LIABILITIES | $18.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | $28.8B |
| Treasury Stock | -$27.5B |
| Accum. Other Comp. Income | -$673M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $95M |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $23.5B |
| Total Debt | $6.3B |
| Net Debt | $442M |
