| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $896M | $827M | $972M | 8.3% | -7.8% |
| Op. Income | $277M | $234M | $321M | 18.6% | -13.6% |
| Gross Margin | 49.6% | 49.1% | 49.9% | 0.5pp | -0.3pp |
| Net Margin | 28.7% | 25.5% | 29.3% | 3.2pp | -0.6pp |
| EPS (Diluted) | $1.50 | $1.22 | $1.60 | 23.0% | -6.3% |
| Free Cash Flow | $287M | $319M | $420M | -10.1% | -31.5% |
| Item | Amount |
|---|---|
| REVENUE | $896M |
| Cost of Revenue | $452M |
| GROSS PROFIT | $444M |
| R&D Expenses | $108M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $4M |
| Operating Expenses | $167M |
| Cost & Expenses | $619M |
| OPERATING INCOME | $277M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $257M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $257M |
| D&A | $91M |
| EBIT | $278M |
| EBITDA | $369M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $896M |
| Cost of Revenue | $452M |
| GROSS PROFIT | $444M |
| R&D Expenses | $108M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $4M |
| Operating Expenses | $167M |
| Cost & Expenses | $619M |
| OPERATING INCOME | $277M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $257M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $257M |
| D&A | $91M |
| EBIT | $278M |
| EBITDA | $369M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $257M |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $900.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $398M |
| Capital Expenditure | -$111M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$132M |
| Sales/Maturities of Investments | $62M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$181M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$101M |
| Common Dividends Paid | -$75M |
| Other Financing Activities | $35M |
| NET CASH FROM FINANCING | -$141M |
| FREE CASH FLOW | $287M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $928M |
| Short-Term Investments | $262M |
| Net Receivables | $427M |
| Inventory | $604M |
| Other Current Assets | $125M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.2B |
| Intangible Assets | $97M |
| Long-Term Investments | $38M |
| Tax Assets | $40M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $139M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $115M |
| TOTAL CURRENT LIABILITIES | $333M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $310M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $491M |
| TOTAL LIABILITIES | $825M |
| Common Stock | $43M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $4.5B |
| Treasury Stock | -$3.5B |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $151M |
| Net Debt | -$777M |
