| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.2B | $3.7B | 8.0% | 22.2% |
| Op. Income | $459M | $216M | $447M | 112.8% | 2.8% |
| Gross Margin | 36.5% | 34.7% | 40.7% | 1.8pp | -4.2pp |
| Net Margin | 7.6% | 3.2% | 7.8% | 4.4pp | -0.2pp |
| EPS (Diluted) | $0.08 | $0.03 | $0.06 | 153.3% | 18.7% |
| Free Cash Flow | -$449M | -$1.3B | -$285M | 65.8% | -57.8% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $373M |
| Selling & Marketing | $617M |
| General & Administrative | $202M |
| SG&A Expenses | $819M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $459M |
| Interest Income | $76M |
| Interest Expense | $136M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $400M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $344M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $344M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $344M |
| D&A | $2.1B |
| EBIT | $535M |
| EBITDA | $2.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $373M |
| Selling & Marketing | $617M |
| General & Administrative | $202M |
| SG&A Expenses | $819M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $459M |
| Interest Income | $76M |
| Interest Expense | $136M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $400M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $344M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $344M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $344M |
| D&A | $2.1B |
| EBIT | $535M |
| EBITDA | $2.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $344M |
| Depreciation & Amortization | $2.2B |
| Stock-Based Compensation | $101M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$3.0B |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | -$380M |
| Capital Expenditure | -$70M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$80M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$449M |
| Net Change in Cash | -$442M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $0 |
| Net Receivables | $433M |
| Inventory | $0 |
| Other Current Assets | $210M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $434M |
| Goodwill | $0 |
| Intangible Assets | $20.9B |
| Long-Term Investments | $20M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $23.0B |
| TOTAL ASSETS | $27.2B |
| Account Payables | $439M |
| Short-Term Debt | $0 |
| Deferred Revenue | $809M |
| Other Current Liabilities | $4.7B |
| TOTAL CURRENT LIABILITIES | $6.9B |
| Long-Term Debt | $10.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $14.7B |
| TOTAL LIABILITIES | $21.5B |
| Common Stock | $2.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $27.2B |
| Total Debt | $11.2B |
| Net Debt | $7.8B |
