| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.7B | $11.0B | $7.8B | -20.7% | 11.6% |
| Op. Income | $960M | $1.2B | $842M | -21.1% | 13.9% |
| Gross Margin | 28.9% | 28.4% | 29.0% | 0.5pp | -0.1pp |
| Net Margin | 8.2% | 8.0% | 6.9% | 0.2pp | 1.4pp |
| EPS (Diluted) | $0.56 | $0.69 | $0.41 | -18.8% | 36.6% |
| Free Cash Flow | $460M | $866M | $190M | -46.9% | 142.2% |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $6.2B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $960M |
| Interest Income | $12M |
| Interest Expense | $16M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $956M |
| Income Tax Expense | $239M |
| Net Income from Continuing Ops | $716M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $716M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $716M |
| D&A | $192M |
| EBIT | $971M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $6.2B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $960M |
| Interest Income | $12M |
| Interest Expense | $16M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $956M |
| Income Tax Expense | $239M |
| Net Income from Continuing Ops | $716M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $716M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $716M |
| D&A | $192M |
| EBIT | $971M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $716M |
| Depreciation & Amortization | $192M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | -$193M |
| OPERATING CASH FLOW | $725M |
| Capital Expenditure | -$265M |
| Acquisitions (Net) | $265M |
| Purchases of Investments | -$148M |
| Sales/Maturities of Investments | $193M |
| Other Investing Activities | -$265M |
| NET CASH FROM INVESTING | -$220M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$395M |
| Common Dividends Paid | -$197M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$526M |
| FREE CASH FLOW | $460M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $436M |
| Net Receivables | $368M |
| Inventory | $4.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.4B |
| PP&E (Net) | $5.0B |
| Goodwill | $99M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $457M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $14.0B |
| Account Payables | $2.5B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5.0B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $261M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $625M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$556M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $14.0B |
| Total Debt | $2.2B |
| Net Debt | -$450M |
