| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.3B | $3.2B | 4.3% | 7.8% |
| Op. Income | $265M | $185M | $183M | 43.4% | 44.8% |
| Gross Margin | 94.1% | 82.1% | 94.0% | 12.0pp | 0.1pp |
| Net Margin | 5.0% | 3.4% | 3.2% | 1.6pp | 1.8pp |
| EPS (Diluted) | $2.66 | $1.72 | $1.52 | 54.7% | 75.0% |
| Free Cash Flow | $329M | $472M | $218M | -30.3% | 50.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $201M |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$3.0B |
| Operating Expenses | $3.2B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $265M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$3.2B |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $493.0K |
| BOTTOM LINE NET INCOME | $170M |
| D&A | -$265M |
| EBIT | $266M |
| EBITDA | $623.0K |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $201M |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$3.0B |
| Operating Expenses | $3.2B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $265M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$3.2B |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $493.0K |
| BOTTOM LINE NET INCOME | $170M |
| D&A | -$265M |
| EBIT | $266M |
| EBITDA | $623.0K |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $170M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | $68M |
| Change in Working Capital | $83M |
| OPERATING CASH FLOW | $340M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$3.0B |
| Sales/Maturities of Investments | $3.1B |
| Other Investing Activities | $100M |
| NET CASH FROM INVESTING | $93M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$193M |
| NET CASH FROM FINANCING | -$310M |
| FREE CASH FLOW | $329M |
| Net Change in Cash | $130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | -$16.5B |
| Goodwill | $0 |
| Intangible Assets | $3.4B |
| Long-Term Investments | $14.4B |
| Tax Assets | $2.1B |
| Other Non-Current Assets | $61.3B |
| TOTAL NON-CURRENT ASSETS | $64.7B |
| TOTAL ASSETS | $66.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $791.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $7.4B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | $1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.7B |
| TOTAL LIABILITIES & EQUITY | $13.1B |
| Total Debt | $3.4B |
| Net Debt | $1.4B |
