| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $4.4B | $3.9B | -9.2% | 3.1% |
| Op. Income | $2.2B | $2.4B | $2.2B | -7.8% | -0.1% |
| Gross Margin | 76.0% | 78.8% | 79.1% | -2.8pp | -3.1pp |
| Net Margin | 42.2% | 47.6% | 47.9% | -5.3pp | -5.6pp |
| EPS (Diluted) | $1.68 | $2.07 | $1.80 | -18.8% | -6.7% |
| Free Cash Flow | $1.6B | $2.8B | $1.2B | -41.0% | 41.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $962M |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $154M |
| General & Administrative | $584M |
| SG&A Expenses | $738M |
| Other Expenses | $98M |
| Operating Expenses | $836M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $69M |
| Other Income/Expenses | -$224M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $294M |
| 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 | $144M |
| EBIT | $2.1B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $962M |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $154M |
| General & Administrative | $584M |
| SG&A Expenses | $738M |
| Other Expenses | $98M |
| Operating Expenses | $836M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $69M |
| Other Income/Expenses | -$224M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $294M |
| 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 | $144M |
| EBIT | $2.1B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $144M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | $26M |
| Other Non-Cash Items | $431M |
| Change in Working Capital | -$487M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$209M |
| Acquisitions (Net) | -$135M |
| Purchases of Investments | -$429M |
| Sales/Maturities of Investments | $308M |
| Other Investing Activities | -$42M |
| NET CASH FROM INVESTING | -$507M |
| Net Debt Issuance | $4.0B |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$403M |
| Other Financing Activities | $58M |
| NET CASH FROM FINANCING | $2.1B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $3.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.2B |
| Short-Term Investments | $477M |
| Net Receivables | $3.6B |
| Inventory | $0 |
| Other Current Assets | $3.8B |
| TOTAL CURRENT ASSETS | $18.1B |
| PP&E (Net) | $1.9B |
| Goodwill | $4.1B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $870M |
| Tax Assets | $550M |
| Other Non-Current Assets | $3.7B |
| TOTAL NON-CURRENT ASSETS | $12.5B |
| TOTAL ASSETS | $30.6B |
| Account Payables | $371M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $9.7B |
| Long-Term Debt | $12.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $82M |
| Other Non-Current Liabilities | $2.9B |
| TOTAL NON-CURRENT LIABILITIES | $15.4B |
| TOTAL LIABILITIES | $25.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | $35.3B |
| Treasury Stock | -$33.5B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $100M |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $30.6B |
| Total Debt | $12.5B |
| Net Debt | $2.3B |
