| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.1B | $1.7B | -5.3% | 11.9% |
| Op. Income | $468M | $399M | $333M | 17.3% | 40.5% |
| Gross Margin | 51.4% | 50.0% | 50.9% | 1.3pp | 0.5pp |
| Net Margin | 15.0% | 11.8% | 9.3% | 3.2pp | 5.7pp |
| EPS (Diluted) | $0.70 | $0.50 | $0.30 | 40.0% | 133.3% |
| Free Cash Flow | $354M | $408M | $306M | -13.2% | 15.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $949M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $71M |
| Selling & Marketing | $225M |
| General & Administrative | $107M |
| SG&A Expenses | $332M |
| Other Expenses | $132M |
| Operating Expenses | $535M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $468M |
| Interest Income | $0 |
| Interest Expense | $99M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $373M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $293M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $293M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $295M |
| D&A | $132M |
| EBIT | $472M |
| EBITDA | $604M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $949M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $71M |
| Selling & Marketing | $225M |
| General & Administrative | $107M |
| SG&A Expenses | $332M |
| Other Expenses | $132M |
| Operating Expenses | $535M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $468M |
| Interest Income | $0 |
| Interest Expense | $99M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $373M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $293M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $293M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $295M |
| D&A | $132M |
| EBIT | $472M |
| EBITDA | $604M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $293M |
| Depreciation & Amortization | $132M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | $72M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$166M |
| OPERATING CASH FLOW | $416M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$86M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$145M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$243M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | -$339M |
| FREE CASH FLOW | $354M |
| Net Change in Cash | -$68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $604M |
| Inventory | $12M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $883M |
| PP&E (Net) | $2.1B |
| Goodwill | $3.8B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $0 |
| Tax Assets | $89M |
| Other Non-Current Assets | $630M |
| TOTAL NON-CURRENT ASSETS | $10.1B |
| TOTAL ASSETS | $10.9B |
| Account Payables | $1.0B |
| Short-Term Debt | $1M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $7.8B |
| Deferred Revenue NC | $126M |
| Deferred Tax Liabilities | $70M |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $11.7B |
| Common Stock | $4M |
| Additional Paid-In Capital | $116M |
| Retained Earnings | -$850M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$747M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$747M |
| TOTAL LIABILITIES & EQUITY | $10.9B |
| Total Debt | $8.3B |
| Net Debt | $8.3B |
