| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.1B | $6.5B | $5.9B | -5.9% | 4.6% |
| Op. Income | $946M | $1.2B | $844M | -20.3% | 12.1% |
| Gross Margin | 44.3% | 40.4% | 44.2% | 3.9pp | 0.1pp |
| Net Margin | 13.3% | 13.8% | 9.9% | -0.5pp | 3.4pp |
| EPS (Diluted) | $2.02 | $2.22 | $1.43 | -9.0% | 41.3% |
| Free Cash Flow | $448M | $1.5B | -$40M | -70.5% | 1220.0% |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $248M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $27M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $946M |
| Interest Income | $67M |
| Interest Expense | $189M |
| Other Income/Expenses | -$129M |
| INCOME BEFORE TAX | $817M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $815M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $815M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $815M |
| D&A | $555M |
| EBIT | $1.0B |
| EBITDA | $1.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $248M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $27M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $946M |
| Interest Income | $67M |
| Interest Expense | $189M |
| Other Income/Expenses | -$129M |
| INCOME BEFORE TAX | $817M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $815M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $815M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $815M |
| D&A | $555M |
| EBIT | $1.0B |
| EBITDA | $1.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $815M |
| Depreciation & Amortization | $555M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | -$106M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$677M |
| OPERATING CASH FLOW | $649M |
| Capital Expenditure | -$201M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | -$181M |
| Net Debt Issuance | -$688M |
| Common Stock Repurchased | -$750M |
| Common Dividends Paid | -$68M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $448M |
| Net Change in Cash | -$989M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $4.7B |
| Inventory | $3.1B |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $9.9B |
| PP&E (Net) | $4.8B |
| Goodwill | $25.2B |
| Intangible Assets | $14.5B |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $45.7B |
| TOTAL ASSETS | $55.6B |
| Account Payables | $1.5B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $967M |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $5.9B |
| Long-Term Debt | $16.8B |
| Deferred Revenue NC | $497M |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $22.0B |
| TOTAL LIABILITIES | $27.9B |
| Common Stock | $433M |
| Additional Paid-In Capital | $14.8B |
| Retained Earnings | $19.4B |
| Treasury Stock | -$4.4B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $27.7B |
| TOTAL LIABILITIES & EQUITY | $55.6B |
| Total Debt | $18.8B |
| Net Debt | $17.7B |
