| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $5.8B | $5.5B | -6.5% | -1.7% |
| Op. Income | $2.0B | $2.2B | $1.9B | -11.3% | 1.1% |
| Gross Margin | 42.1% | 42.2% | 40.3% | -0.2pp | 1.8pp |
| Net Margin | 25.8% | 27.0% | 23.9% | -1.2pp | 1.9pp |
| EPS (Diluted) | $1.93 | $2.12 | $1.68 | -9.0% | 14.9% |
| Free Cash Flow | $1.2B | $1.3B | $991M | -7.4% | 21.8% |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $305M |
| Operating Expenses | $305M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $2.0B |
| Interest Income | $9M |
| Interest Expense | $247M |
| Other Income/Expenses | -$170M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $399M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $549M |
| EBIT | $2.0B |
| EBITDA | $2.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $305M |
| Operating Expenses | $305M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $2.0B |
| Interest Income | $9M |
| Interest Expense | $247M |
| Other Income/Expenses | -$170M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $399M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $549M |
| EBIT | $2.0B |
| EBITDA | $2.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $549M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $103M |
| Other Non-Cash Items | -$80M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$752M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$784M |
| Net Debt Issuance | $2.7B |
| Common Stock Repurchased | -$3.5B |
| Common Dividends Paid | -$626M |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$230M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $60M |
| Net Receivables | $1.7B |
| Inventory | $780M |
| Other Current Assets | $382M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $54.4B |
| Goodwill | $0 |
| Intangible Assets | $625M |
| Long-Term Investments | $2.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $413M |
| TOTAL NON-CURRENT ASSETS | $57.4B |
| TOTAL ASSETS | $61.3B |
| Account Payables | $794M |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $509M |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $23.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11.4B |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $38.3B |
| TOTAL LIABILITIES | $43.6B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | $46.0B |
| Treasury Stock | -$33.6B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.7B |
| TOTAL LIABILITIES & EQUITY | $61.3B |
| Total Debt | $27.2B |
| Net Debt | $26.1B |