| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.0B | $3.0B | -5.4% | -3.9% |
| Op. Income | $2.6B | $426M | $395M | 517.6% | 565.6% |
| Gross Margin | 100.0% | 94.4% | 98.2% | 5.6pp | 1.8pp |
| Net Margin | 5.6% | 9.8% | 9.4% | -4.2pp | -3.8pp |
| EPS (Diluted) | $0.79 | $1.44 | $1.31 | -45.1% | -39.7% |
| Free Cash Flow | $181M | $441M | $489M | -59.0% | -63.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $240M |
| Operating Expenses | $240M |
| Cost & Expenses | $240M |
| OPERATING INCOME | $2.6B |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$2.4B |
| INCOME BEFORE TAX | $202M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $161M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $161M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $161M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $240M |
| Operating Expenses | $240M |
| Cost & Expenses | $240M |
| OPERATING INCOME | $2.6B |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$2.4B |
| INCOME BEFORE TAX | $202M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $161M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $161M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $161M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $161M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $80M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $220M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$925M |
| Sales/Maturities of Investments | $599M |
| Other Investing Activities | $487M |
| NET CASH FROM INVESTING | $123M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$58M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$89M |
| FREE CASH FLOW | $181M |
| Net Change in Cash | $253M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $337M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $337M |
| PP&E (Net) | $541M |
| Goodwill | $349M |
| Intangible Assets | $2.3B |
| Long-Term Investments | -$94M |
| Tax Assets | $94M |
| Other Non-Current Assets | $61.7B |
| TOTAL NON-CURRENT ASSETS | $65.0B |
| TOTAL ASSETS | $65.3B |
| Account Payables | $0 |
| Short-Term Debt | $400M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$669M |
| TOTAL CURRENT LIABILITIES | $669M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $31M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $10.8B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | -$217M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.8B |
| TOTAL LIABILITIES & EQUITY | $12.7B |
| Total Debt | $2.9B |
| Net Debt | $2.6B |
