| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $838M | $788M | $601M | 6.3% | 39.4% |
| Op. Income | $168M | -$142M | $136M | 218.2% | 22.9% |
| Gross Margin | 35.4% | 34.0% | 40.9% | 1.4pp | -5.4pp |
| Net Margin | 17.2% | -16.2% | 20.4% | 33.4pp | -3.2pp |
| EPS (Diluted) | $0.08 | $-0.08 | $0.08 | 203.6% | 11.5% |
| Free Cash Flow | $135M | $263M | $11M | -48.6% | 1151.4% |
| Item | Amount |
|---|---|
| REVENUE | $838M |
| Cost of Revenue | $541M |
| GROSS PROFIT | $297M |
| R&D Expenses | $0 |
| Selling & Marketing | $64M |
| General & Administrative | $88M |
| SG&A Expenses | $152M |
| Other Expenses | $1M |
| Operating Expenses | $152M |
| Cost & Expenses | $693M |
| OPERATING INCOME | $168M |
| Interest Income | $21M |
| Interest Expense | $2M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $9M |
| EBIT | $167M |
| EBITDA | $167M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $838M |
| Cost of Revenue | $541M |
| GROSS PROFIT | $297M |
| R&D Expenses | $0 |
| Selling & Marketing | $64M |
| General & Administrative | $88M |
| SG&A Expenses | $152M |
| Other Expenses | $1M |
| Operating Expenses | $152M |
| Cost & Expenses | $693M |
| OPERATING INCOME | $168M |
| Interest Income | $21M |
| Interest Expense | $2M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $9M |
| EBIT | $167M |
| EBITDA | $167M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $135M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$498M |
| NET CASH FROM INVESTING | -$498M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $135M |
| Net Change in Cash | -$387M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $505M |
| Net Receivables | $269M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $37M |
| Goodwill | $2.5B |
| Intangible Assets | $246M |
| Long-Term Investments | $640M |
| Tax Assets | $19M |
| Other Non-Current Assets | $120M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $310M |
| Short-Term Debt | $0 |
| Deferred Revenue | $204M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $940M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $100M |
| TOTAL NON-CURRENT LIABILITIES | $108M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $292.1K |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | $588M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $216M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $7M |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $14M |
| Net Debt | -$2.1B |
