| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $4.7B | $4.2B | -1.5% | 8.8% |
| Op. Income | $2.2B | $1.7B | $2.0B | 32.1% | 14.4% |
| Gross Margin | 83.8% | 84.4% | 84.4% | -0.5pp | -0.6pp |
| Net Margin | 35.7% | 28.6% | 39.9% | 7.1pp | -4.3pp |
| EPS (Diluted) | $0.34 | $0.27 | $0.34 | 24.6% | -0.9% |
| Free Cash Flow | $1.1B | $538M | $1.1B | 99.7% | -0.1% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $741M |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $420M |
| Selling & Marketing | $1.1B |
| General & Administrative | $143M |
| SG&A Expenses | $1.2B |
| Other Expenses | -$34M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $2.2B |
| Interest Income | $2M |
| Interest Expense | $161M |
| Other Income/Expenses | -$159M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $435M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $166M |
| EBIT | $2.2B |
| EBITDA | $2.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $741M |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $420M |
| Selling & Marketing | $1.1B |
| General & Administrative | $143M |
| SG&A Expenses | $1.2B |
| Other Expenses | -$34M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $2.2B |
| Interest Income | $2M |
| Interest Expense | $161M |
| Other Income/Expenses | -$159M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $435M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $166M |
| EBIT | $2.2B |
| EBITDA | $2.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $166M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $435M |
| Other Non-Cash Items | $352M |
| Change in Working Capital | -$333M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$476M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$474M |
| Net Debt Issuance | -$56M |
| Common Stock Repurchased | -$462M |
| Common Dividends Paid | -$1.9B |
| Other Financing Activities | $327M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $3.9B |
| Inventory | $2.6B |
| Other Current Assets | $839M |
| TOTAL CURRENT ASSETS | $8.3B |
| PP&E (Net) | $7.4B |
| Goodwill | $0 |
| Intangible Assets | $831M |
| Long-Term Investments | $267M |
| Tax Assets | $477M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $17.3B |
| Account Payables | $661M |
| Short-Term Debt | $175M |
| Deferred Revenue | $5.1B |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $8.6B |
| Long-Term Debt | $502M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $758M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $77M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7.6B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$273M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.4B |
| TOTAL LIABILITIES & EQUITY | $17.3B |
| Total Debt | $676M |
| Net Debt | -$742M |