| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $2.9B | $1.9B | 10.2% | 65.6% |
| Op. Income | $1.3B | $1.1B | $554M | 20.7% | 133.8% |
| Gross Margin | 64.5% | 61.9% | 59.4% | 2.6pp | 5.1pp |
| Net Margin | 38.8% | 38.4% | 26.2% | 0.3pp | 12.6pp |
| EPS (Diluted) | $0.05 | $0.04 | $0.02 | 11.1% | 150.0% |
| Free Cash Flow | $1.3B | $942M | $228M | 40.9% | 482.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $542M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $231M |
| Other Expenses | $0 |
| Operating Expenses | $773M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $1.3B |
| Interest Income | $25M |
| Interest Expense | $15M |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $57M |
| EBIT | $1.3B |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $542M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $231M |
| Other Expenses | $0 |
| Operating Expenses | $773M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $1.3B |
| Interest Income | $25M |
| Interest Expense | $15M |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $57M |
| EBIT | $1.3B |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $129M |
| Deferred Income Tax | $51M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$118M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.7B |
| Sales/Maturities of Investments | $272M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3.6B |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$655M |
| Common Dividends Paid | -$91M |
| Other Financing Activities | -$383M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$3.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $765M |
| Short-Term Investments | $6.5B |
| Net Receivables | $1.2B |
| Inventory | $797M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.4B |
| PP&E (Net) | $1.1B |
| Goodwill | $618M |
| Intangible Assets | $55M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $273M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $11.5B |
| Account Payables | $623M |
| Short-Term Debt | $14M |
| Deferred Revenue | $56M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $614M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $5.5B |
| Retained Earnings | $9.9B |
| Treasury Stock | -$7.8B |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.7B |
| TOTAL LIABILITIES & EQUITY | $11.5B |
| Total Debt | $2.0B |
| Net Debt | $1.2B |
