| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.8B | $7.5B | $6.9B | -10.0% | -2.1% |
| Op. Income | $2.0B | $2.7B | $2.4B | -24.2% | -15.3% |
| Gross Margin | 63.5% | 62.9% | 62.1% | 0.6pp | 1.4pp |
| Net Margin | 20.1% | 25.5% | 22.6% | -5.4pp | -2.5pp |
| EPS (Diluted) | $0.87 | $1.23 | $1.00 | -29.3% | -13.0% |
| Free Cash Flow | $917M | $2.1B | $1.0B | -56.1% | -9.7% |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.2B |
| SG&A Expenses | $2.2B |
| Other Expenses | -$2M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $152M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $424M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $240M |
| EBIT | $2.0B |
| EBITDA | $2.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.2B |
| SG&A Expenses | $2.2B |
| Other Expenses | -$2M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $152M |
| Other Income/Expenses | -$162M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $424M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $240M |
| EBIT | $2.0B |
| EBITDA | $2.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $240M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | -$94M |
| Other Non-Cash Items | $56M |
| Change in Working Capital | -$369M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$324M |
| Acquisitions (Net) | -$1.4B |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$1.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.8B |
| Other Financing Activities | -$56M |
| NET CASH FROM FINANCING | -$3.2B |
| FREE CASH FLOW | $917M |
| Net Change in Cash | -$3.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $0 |
| Net Receivables | $3.5B |
| Inventory | $8.3B |
| Other Current Assets | $807M |
| TOTAL CURRENT ASSETS | $15.7B |
| PP&E (Net) | $6.9B |
| Goodwill | $5.8B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $4.6B |
| Tax Assets | $951M |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $22.3B |
| TOTAL ASSETS | $38.0B |
| Account Payables | $1.8B |
| Short-Term Debt | $7.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $713M |
| TOTAL CURRENT LIABILITIES | $18.5B |
| Long-Term Debt | $23.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $921M |
| Other Non-Current Liabilities | $5.7B |
| TOTAL NON-CURRENT LIABILITIES | $29.7B |
| TOTAL LIABILITIES | $48.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $30.6B |
| Treasury Stock | -$35.2B |
| Accum. Other Comp. Income | -$9.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$12.0B |
| Minority Interest | $1.8B |
| TOTAL EQUITY | -$10.2B |
| TOTAL LIABILITIES & EQUITY | $38.0B |
| Total Debt | $30.3B |
| Net Debt | $27.2B |
