| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $809M | $840M | $767M | -3.7% | 5.4% |
| Op. Income | $138M | $156M | $120M | -11.6% | 15.3% |
| Gross Margin | 93.6% | 93.1% | 96.6% | 0.5pp | -2.9pp |
| Net Margin | 12.3% | 13.6% | 11.6% | -1.3pp | 0.7pp |
| EPS (Diluted) | $0.81 | $0.92 | $0.71 | -12.0% | 14.1% |
| Free Cash Flow | -$440M | $488M | -$376M | -190.2% | -16.8% |
| Item | Amount |
|---|---|
| REVENUE | $809M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $757M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $458M |
| SG&A Expenses | $458M |
| Other Expenses | $161M |
| Operating Expenses | $619M |
| Cost & Expenses | $671M |
| OPERATING INCOME | $138M |
| Interest Income | $191M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $14M |
| EBIT | $138M |
| EBITDA | $152M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $809M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $757M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $458M |
| SG&A Expenses | $458M |
| Other Expenses | $161M |
| Operating Expenses | $619M |
| Cost & Expenses | $671M |
| OPERATING INCOME | $138M |
| Interest Income | $191M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $14M |
| EBIT | $138M |
| EBITDA | $152M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $87M |
| Change in Working Capital | -$599M |
| OPERATING CASH FLOW | -$367M |
| Capital Expenditure | -$73M |
| Acquisitions (Net) | -$29M |
| Purchases of Investments | -$250.0K |
| Sales/Maturities of Investments | $208M |
| Other Investing Activities | -$195M |
| NET CASH FROM INVESTING | -$89M |
| Net Debt Issuance | -$72M |
| Common Stock Repurchased | -$54M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$779M |
| NET CASH FROM FINANCING | -$764M |
| FREE CASH FLOW | -$440M |
| Net Change in Cash | -$1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $778M |
| Short-Term Investments | $3.0B |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.1B |
| Intangible Assets | $124M |
| Long-Term Investments | $14.8B |
| Tax Assets | $105M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $18.4B |
| TOTAL ASSETS | $24.2B |
| Account Payables | $2.2B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.0B |
| TOTAL CURRENT LIABILITIES | $18.7B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $302M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $20.8B |
| Common Stock | $11M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.4B |
| Treasury Stock | -$168M |
| Accum. Other Comp. Income | -$46M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $57M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $24.2B |
| Total Debt | $3.2B |
| Net Debt | $2.4B |
