| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $972M | $1.0B | $1.1B | -3.6% | -7.6% |
| Op. Income | $321M | $340M | $384M | -5.6% | -16.3% |
| Gross Margin | 49.9% | 49.9% | 51.0% | -0.0pp | -1.1pp |
| Net Margin | 29.3% | 28.3% | 6.7% | 1.0pp | 22.6pp |
| EPS (Diluted) | $1.60 | $1.58 | $0.38 | 1.3% | 321.1% |
| Free Cash Flow | $420M | $95M | $327M | 340.2% | 28.4% |
| Item | Amount |
|---|---|
| REVENUE | $972M |
| Cost of Revenue | $487M |
| GROSS PROFIT | $485M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $7M |
| Operating Expenses | $164M |
| Cost & Expenses | $651M |
| OPERATING INCOME | $321M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $324M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $93M |
| EBIT | $321M |
| EBITDA | $414M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $972M |
| Cost of Revenue | $487M |
| GROSS PROFIT | $485M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $7M |
| Operating Expenses | $164M |
| Cost & Expenses | $651M |
| OPERATING INCOME | $321M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $324M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $93M |
| EBIT | $321M |
| EBITDA | $414M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $285M |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $148M |
| OPERATING CASH FLOW | $549M |
| Capital Expenditure | -$130M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $303M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $172M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$303M |
| Common Dividends Paid | -$67M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$368M |
| FREE CASH FLOW | $420M |
| Net Change in Cash | $352M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $13M |
| Net Receivables | $524M |
| Inventory | $493M |
| Other Current Assets | $92M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.2B |
| Intangible Assets | $130M |
| Long-Term Investments | $3M |
| Tax Assets | $35M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $157M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $130M |
| TOTAL CURRENT LIABILITIES | $357M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $314M |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $343M |
| TOTAL LIABILITIES | $701M |
| Common Stock | $44M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $4.0B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $0 |
| Net Debt | -$1.1B |
