| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | $2.6B | 2.8% | 18.9% |
| Op. Income | $1.3B | $1.2B | $1.0B | 4.5% | 26.1% |
| Gross Margin | 89.6% | 90.3% | 93.8% | -0.7pp | -4.2pp |
| Net Margin | 31.7% | 31.6% | 30.6% | 0.1pp | 1.1pp |
| EPS (Diluted) | $0.69 | $0.65 | $0.55 | 6.2% | 25.5% |
| Free Cash Flow | -$2.7B | $7.6B | $126M | -135.8% | -2269.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $317M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $446M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.3B |
| Interest Income | $2.0B |
| Interest Expense | $317M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $300M |
| Net Income from Continuing Ops | $964M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $964M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $925M |
| D&A | $83M |
| EBIT | $1.3B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $317M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $446M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.3B |
| Interest Income | $2.0B |
| Interest Expense | $317M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $300M |
| Net Income from Continuing Ops | $964M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $964M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $925M |
| D&A | $83M |
| EBIT | $1.3B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $964M |
| Depreciation & Amortization | $83M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $101M |
| Change in Working Capital | -$3.8B |
| OPERATING CASH FLOW | -$2.6B |
| Capital Expenditure | -$139M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.4B |
| Sales/Maturities of Investments | $20.7B |
| Other Investing Activities | $104M |
| NET CASH FROM INVESTING | $18.3B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$276M |
| Other Financing Activities | -$12.0B |
| NET CASH FROM FINANCING | -$12.2B |
| FREE CASH FLOW | -$2.7B |
| Net Change in Cash | $3.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32.6B |
| Short-Term Investments | $60.0B |
| Net Receivables | $21.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $113.7B |
| PP&E (Net) | $1.8B |
| Goodwill | $1.2B |
| Intangible Assets | $0 |
| Long-Term Investments | $149.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $16.6B |
| TOTAL NON-CURRENT ASSETS | $169.1B |
| TOTAL ASSETS | $282.8B |
| Account Payables | $31.3B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $219.5B |
| TOTAL CURRENT LIABILITIES | $254.4B |
| Long-Term Debt | $6.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $261.2B |
| Common Stock | $15M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | $18.0B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | -$71M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.6B |
| TOTAL LIABILITIES & EQUITY | $282.8B |
| Total Debt | $6.8B |
| Net Debt | -$25.7B |
