| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $583M | $551M | $451M | 5.8% | 29.2% |
| Op. Income | $214M | $192M | $167M | 11.7% | 28.2% |
| Gross Margin | 60.9% | 61.3% | 64.8% | -0.5pp | -4.0pp |
| Net Margin | 27.2% | 26.8% | 28.0% | 0.4pp | -0.9pp |
| EPS (Diluted) | $0.36 | $0.33 | $0.29 | 9.1% | 24.1% |
| Free Cash Flow | $17M | -$10M | -$14M | 261.6% | 218.1% |
| Item | Amount |
|---|---|
| REVENUE | $583M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $355M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $86M |
| SG&A Expenses | $86M |
| Other Expenses | $54M |
| Operating Expenses | $140M |
| Cost & Expenses | $368M |
| OPERATING INCOME | $214M |
| Interest Income | $566M |
| Interest Expense | $164M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $4M |
| EBIT | $214M |
| EBITDA | $218M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $583M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $355M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $86M |
| SG&A Expenses | $86M |
| Other Expenses | $54M |
| Operating Expenses | $140M |
| Cost & Expenses | $368M |
| OPERATING INCOME | $214M |
| Interest Income | $566M |
| Interest Expense | $164M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $4M |
| EBIT | $214M |
| EBITDA | $218M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $158M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $56M |
| Other Non-Cash Items | $69M |
| Change in Working Capital | -$284M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$33M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $190M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $692M |
| NET CASH FROM FINANCING | $805M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$372M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $208M |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $131M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $23.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $278M |
| TOTAL NON-CURRENT ASSETS | $23.9B |
| TOTAL ASSETS | $27.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19.9B |
| TOTAL CURRENT LIABILITIES | $19.9B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $222M |
| TOTAL NON-CURRENT LIABILITIES | $4.7B |
| TOTAL LIABILITIES | $24.6B |
| Common Stock | $91M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$217M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $27.6B |
| Total Debt | $4.5B |
| Net Debt | $2.3B |
