| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.2B | $10.0B | $10.2B | 1.9% | -0.4% |
| Op. Income | $807M | $828M | $922M | -2.5% | -12.5% |
| Gross Margin | 13.3% | 13.5% | 14.1% | -0.2pp | -0.8pp |
| Net Margin | 5.4% | 5.4% | 15.9% | 0.0pp | -10.5pp |
| EPS (Diluted) | $1.50 | $1.46 | $4.40 | 2.7% | -65.9% |
| Free Cash Flow | $550M | $726M | $830M | -24.2% | -33.7% |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $8.8B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $548M |
| Other Expenses | $0 |
| Operating Expenses | $548M |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $807M |
| Interest Income | $2M |
| Interest Expense | $99M |
| Other Income/Expenses | -$94M |
| INCOME BEFORE TAX | $713M |
| Income Tax Expense | $161M |
| Net Income from Continuing Ops | $552M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $551M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $551M |
| D&A | $250M |
| EBIT | $812M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $8.8B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $548M |
| Other Expenses | $0 |
| Operating Expenses | $548M |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $807M |
| Interest Income | $2M |
| Interest Expense | $99M |
| Other Income/Expenses | -$94M |
| INCOME BEFORE TAX | $713M |
| Income Tax Expense | $161M |
| Net Income from Continuing Ops | $552M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $551M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $551M |
| D&A | $250M |
| EBIT | $812M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $552M |
| Depreciation & Amortization | $250M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $64M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $868M |
| Capital Expenditure | -$318M |
| Acquisitions (Net) | -$2.1B |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$2.4B |
| Net Debt Issuance | $1.9B |
| Common Stock Repurchased | -$83M |
| Common Dividends Paid | -$134M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1.7B |
| FREE CASH FLOW | $550M |
| Net Change in Cash | $130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $400M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $3.8B |
| Other Current Assets | $232M |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $7.0B |
| Goodwill | $10.8B |
| Intangible Assets | $7.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $761M |
| TOTAL NON-CURRENT ASSETS | $26.0B |
| TOTAL ASSETS | $32.3B |
| Account Payables | $2.0B |
| Short-Term Debt | $3.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $838M |
| TOTAL CURRENT LIABILITIES | $7.4B |
| Long-Term Debt | $8.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.3B |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $11.6B |
| TOTAL LIABILITIES | $19.1B |
| Common Stock | $45M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $12.7B |
| Treasury Stock | -$4.0B |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.1B |
| Minority Interest | $132M |
| TOTAL EQUITY | $13.3B |
| TOTAL LIABILITIES & EQUITY | $32.3B |
| Total Debt | $12.0B |
| Net Debt | $11.6B |
