| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $807M | $796M | $727M | 1.4% | 11.0% |
| Op. Income | $274M | $290M | $308M | -5.5% | -11.0% |
| Gross Margin | 87.2% | 89.1% | 100.0% | -1.8pp | -12.8pp |
| Net Margin | 26.4% | 28.4% | 32.7% | -2.0pp | -6.3pp |
| EPS (Diluted) | $1.04 | $1.08 | $1.09 | -3.7% | -4.6% |
| Free Cash Flow | -$67M | $312M | $247M | -121.5% | -127.1% |
| Item | Amount |
|---|---|
| REVENUE | $807M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $704M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $293M |
| SG&A Expenses | $298M |
| Other Expenses | $132M |
| Operating Expenses | $430M |
| Cost & Expenses | $533M |
| OPERATING INCOME | $274M |
| Interest Income | $675M |
| Interest Expense | $99M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $274M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $213M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $44M |
| EBIT | $274M |
| EBITDA | $318M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $807M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $704M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $293M |
| SG&A Expenses | $298M |
| Other Expenses | $132M |
| Operating Expenses | $430M |
| Cost & Expenses | $533M |
| OPERATING INCOME | $274M |
| Interest Income | $675M |
| Interest Expense | $99M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $274M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $213M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $44M |
| EBIT | $274M |
| EBITDA | $318M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $213M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$324M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$714M |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$856M |
| NET CASH FROM INVESTING | $87M |
| Net Debt Issuance | -$212M |
| Common Stock Repurchased | -$276M |
| Common Dividends Paid | -$66M |
| Other Financing Activities | $427M |
| NET CASH FROM FINANCING | -$123M |
| FREE CASH FLOW | -$67M |
| Net Change in Cash | -$78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $14.9B |
| Net Receivables | $312M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.5B |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $48.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $52.7B |
| TOTAL ASSETS | $69.2B |
| Account Payables | $0 |
| Short-Term Debt | $4.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $54.5B |
| TOTAL CURRENT LIABILITIES | $59.5B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $900M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $61.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$122M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $69.2B |
| Total Debt | $6.2B |
| Net Debt | $4.9B |
