| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $3.2B | 0.7% | -30.8% |
| Op. Income | $358M | $294M | $1.3B | 21.8% | -72.4% |
| Gross Margin | 58.4% | 54.7% | 64.5% | 3.6pp | -6.1pp |
| Net Margin | 17.7% | 25.7% | 38.8% | -7.9pp | -21.0pp |
| EPS (Diluted) | $0.02 | $0.02 | $0.05 | -30.4% | -68.0% |
| Free Cash Flow | $592M | $695M | $1.3B | -14.8% | -55.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $924M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $674M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $264M |
| Other Expenses | $0 |
| Operating Expenses | $938M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $358M |
| Interest Income | $44M |
| Interest Expense | $13M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $394M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $394M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $394M |
| D&A | $91M |
| EBIT | $402M |
| EBITDA | $493M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $924M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $674M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $264M |
| Other Expenses | $0 |
| Operating Expenses | $938M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $358M |
| Interest Income | $44M |
| Interest Expense | $13M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | $389M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $394M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $394M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $394M |
| D&A | $91M |
| EBIT | $402M |
| EBITDA | $493M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $394M |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $178M |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $101M |
| OPERATING CASH FLOW | $720M |
| Capital Expenditure | -$128M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$622M |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1.5B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$97M |
| Other Financing Activities | -$211M |
| NET CASH FROM FINANCING | -$225M |
| FREE CASH FLOW | $592M |
| Net Change in Cash | $2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $5.0B |
| Net Receivables | $1.2B |
| Inventory | $1.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.6B |
| PP&E (Net) | $2.0B |
| Goodwill | $618M |
| Intangible Assets | $54M |
| Long-Term Investments | $0 |
| Tax Assets | $601M |
| Other Non-Current Assets | $110M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $14.0B |
| Account Payables | $368M |
| Short-Term Debt | $0 |
| Deferred Revenue | $85M |
| Other Current Liabilities | $55M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $49M |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $590M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | $12.9B |
| Treasury Stock | -$9.5B |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.7B |
| TOTAL LIABILITIES & EQUITY | $14.0B |
| Total Debt | $2.6B |
| Net Debt | -$218M |
