| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $867M | $597M | $583M | 45.3% | 48.8% |
| Op. Income | $484M | $176M | $214M | 174.8% | 125.5% |
| Gross Margin | 72.8% | 53.2% | 60.9% | 19.5pp | 11.9pp |
| Net Margin | 41.8% | 23.7% | 27.2% | 18.1pp | 14.6pp |
| EPS (Diluted) | $0.87 | $0.33 | $0.36 | 163.6% | 141.7% |
| Free Cash Flow | $144M | $62M | $17M | 133.8% | 764.0% |
| Item | Amount |
|---|---|
| REVENUE | $867M |
| Cost of Revenue | $236M |
| GROSS PROFIT | $631M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $93M |
| SG&A Expenses | $93M |
| Other Expenses | $54M |
| Operating Expenses | $147M |
| Cost & Expenses | $383M |
| OPERATING INCOME | $484M |
| Interest Income | $575M |
| Interest Expense | $175M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $484M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $362M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $362M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $359M |
| D&A | $4M |
| EBIT | $484M |
| EBITDA | $488M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $867M |
| Cost of Revenue | $236M |
| GROSS PROFIT | $631M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $93M |
| SG&A Expenses | $93M |
| Other Expenses | $54M |
| Operating Expenses | $147M |
| Cost & Expenses | $383M |
| OPERATING INCOME | $484M |
| Interest Income | $575M |
| Interest Expense | $175M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $484M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $362M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $362M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $359M |
| D&A | $4M |
| EBIT | $484M |
| EBITDA | $488M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $362M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $121M |
| Other Non-Cash Items | -$200M |
| Change in Working Capital | -$157M |
| OPERATING CASH FLOW | $144M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$63M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $2.2B |
| NET CASH FROM INVESTING | $2.1B |
| Net Debt Issuance | $63M |
| Common Stock Repurchased | -$558M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$501M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | $1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.3B |
| Short-Term Investments | $615M |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.5B |
| PP&E (Net) | $144M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $336M |
| TOTAL NON-CURRENT ASSETS | $22.3B |
| TOTAL ASSETS | $31.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24.6B |
| TOTAL CURRENT LIABILITIES | $24.6B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $300M |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $29.6B |
| Common Stock | $91M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$798M |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $31.8B |
| Total Debt | $4.7B |
| Net Debt | -$2.6B |
