| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.7B | $1.5B | 1.5% | 12.1% |
| Op. Income | $634M | $699M | $458M | -9.3% | 38.6% |
| Gross Margin | 88.5% | 88.3% | 90.3% | 0.2pp | -1.8pp |
| Net Margin | 28.0% | 32.1% | 22.9% | -4.2pp | 5.1pp |
| EPS (Diluted) | $3.35 | $3.76 | $2.23 | -10.9% | 50.2% |
| Free Cash Flow | $383M | $512M | $475M | -25.3% | -19.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $198M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $20M |
| General & Administrative | $509M |
| SG&A Expenses | $529M |
| Other Expenses | $365M |
| Operating Expenses | $894M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $634M |
| Interest Income | $1.2B |
| Interest Expense | $176M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $634M |
| Income Tax Expense | $152M |
| Net Income from Continuing Ops | $483M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $483M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $462M |
| D&A | $72M |
| EBIT | $634M |
| EBITDA | $707M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $198M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $20M |
| General & Administrative | $509M |
| SG&A Expenses | $529M |
| Other Expenses | $365M |
| Operating Expenses | $894M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $634M |
| Interest Income | $1.2B |
| Interest Expense | $176M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $634M |
| Income Tax Expense | $152M |
| Net Income from Continuing Ops | $483M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $483M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $462M |
| D&A | $72M |
| EBIT | $634M |
| EBITDA | $707M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $483M |
| Depreciation & Amortization | $72M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$174M |
| OPERATING CASH FLOW | $413M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$601M |
| Sales/Maturities of Investments | $784M |
| Other Investing Activities | $118M |
| NET CASH FROM INVESTING | $271M |
| Net Debt Issuance | -$797M |
| Common Stock Repurchased | -$366M |
| Common Dividends Paid | -$140M |
| Other Financing Activities | $297M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $383M |
| Net Change in Cash | -$338M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.9B |
| Short-Term Investments | $9.1B |
| Net Receivables | $5.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $23.0B |
| PP&E (Net) | $1.0B |
| Goodwill | $4.6B |
| Intangible Assets | $44M |
| Long-Term Investments | $91.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $96.7B |
| TOTAL ASSETS | $120.0B |
| Account Payables | $1.9B |
| Short-Term Debt | $3.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $90.5B |
| TOTAL CURRENT LIABILITIES | $96.0B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8.5B |
| TOTAL LIABILITIES | $104.4B |
| Common Stock | $81M |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | $11.8B |
| Treasury Stock | -$3.8B |
| Accum. Other Comp. Income | -$288M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.6B |
| TOTAL LIABILITIES & EQUITY | $120.0B |
| Total Debt | $12.1B |
| Net Debt | $3.2B |
