| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.3B | $10.9B | $10.2B | 13.1% | 21.4% |
| Op. Income | $2.9B | $2.9B | $3.0B | -0.1% | -2.7% |
| Gross Margin | 65.5% | 69.1% | 75.3% | -3.5pp | -9.8pp |
| Net Margin | 18.8% | 21.8% | 21.6% | -3.0pp | -2.8pp |
| EPS (Diluted) | $1.57 | $1.61 | $1.47 | -2.3% | 7.0% |
| Free Cash Flow | $7.8B | -$4.9B | $10.4B | 260.2% | -25.0% |
| Item | Amount |
|---|---|
| REVENUE | $12.3B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $8.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.6B |
| SG&A Expenses | $3.6B |
| Other Expenses | $1.6B |
| Operating Expenses | $5.2B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $2.9B |
| Interest Income | $7.4B |
| Interest Expense | $3.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $560M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $324M |
| EBIT | $2.9B |
| EBITDA | $3.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $12.3B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $8.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.6B |
| SG&A Expenses | $3.6B |
| Other Expenses | $1.6B |
| Operating Expenses | $5.2B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $2.9B |
| Interest Income | $7.4B |
| Interest Expense | $3.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $560M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $324M |
| EBIT | $2.9B |
| EBITDA | $3.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $324M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$125M |
| Other Non-Cash Items | $329M |
| Change in Working Capital | $5.4B |
| OPERATING CASH FLOW | $8.2B |
| Capital Expenditure | -$410M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15.1B |
| Sales/Maturities of Investments | $13.4B |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$3.7B |
| Net Debt Issuance | $3.6B |
| Common Stock Repurchased | -$1.6B |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2.3B |
| FREE CASH FLOW | $7.8B |
| Net Change in Cash | $7.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57.5B |
| Short-Term Investments | $108.8B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $166.3B |
| PP&E (Net) | $2.1B |
| Goodwill | $8.1B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $528.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $291.9B |
| TOTAL NON-CURRENT ASSETS | $832.1B |
| TOTAL ASSETS | $998.4B |
| Account Payables | $0 |
| Short-Term Debt | $230.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $466.2B |
| TOTAL CURRENT LIABILITIES | $696.9B |
| Long-Term Debt | $121.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $121.3B |
| TOTAL NON-CURRENT LIABILITIES | $242.6B |
| TOTAL LIABILITIES | $939.5B |
| Common Stock | $12.8B |
| Additional Paid-In Capital | $12.8B |
| Retained Earnings | $38.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58.9B |
| Minority Interest | $71M |
| TOTAL EQUITY | $58.9B |
| TOTAL LIABILITIES & EQUITY | $998.4B |
| Total Debt | $351.9B |
| Net Debt | $294.4B |
