| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.6B | $10.4B | $11.2B | 11.9% | 3.7% |
| Op. Income | $1.0B | $396M | $1.6B | 153.5% | -37.2% |
| Gross Margin | 24.8% | 21.5% | 30.3% | 3.3pp | -5.5pp |
| Net Margin | 4.8% | 1.5% | 7.7% | 3.2pp | -2.9pp |
| EPS (Diluted) | $1.22 | $0.39 | $1.63 | 212.8% | -25.2% |
| Free Cash Flow | $142M | $1.0B | $208M | -86.1% | -31.7% |
| Item | Amount |
|---|---|
| REVENUE | $11.6B |
| Cost of Revenue | $8.8B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $385M |
| General & Administrative | $0 |
| SG&A Expenses | $385M |
| Other Expenses | $1.5B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $1.0B |
| Interest Income | $30M |
| Interest Expense | $263M |
| Other Income/Expenses | -$248M |
| INCOME BEFORE TAX | $756M |
| Income Tax Expense | $200M |
| Net Income from Continuing Ops | $556M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $556M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $556M |
| D&A | $7M |
| EBIT | $1.0B |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.6B |
| Cost of Revenue | $8.8B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $385M |
| General & Administrative | $0 |
| SG&A Expenses | $385M |
| Other Expenses | $1.5B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $1.0B |
| Interest Income | $30M |
| Interest Expense | $263M |
| Other Income/Expenses | -$248M |
| INCOME BEFORE TAX | $756M |
| Income Tax Expense | $200M |
| Net Income from Continuing Ops | $556M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $556M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $556M |
| D&A | $7M |
| EBIT | $1.0B |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $556M |
| Depreciation & Amortization | $539M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$952M |
| Acquisitions (Net) | $236M |
| Purchases of Investments | $68M |
| Sales/Maturities of Investments | $569M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$79M |
| Net Debt Issuance | -$687M |
| Common Stock Repurchased | -$376M |
| Common Dividends Paid | -$46M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $142M |
| Net Change in Cash | -$102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $293M |
| Short-Term Investments | $4.4B |
| Net Receivables | $1.9B |
| Inventory | $1.5B |
| Other Current Assets | $183M |
| TOTAL CURRENT ASSETS | $9.2B |
| PP&E (Net) | $34.4B |
| Goodwill | $4.1B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $43.4B |
| TOTAL ASSETS | $52.6B |
| Account Payables | $2.1B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $8.7B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16.7B |
| Long-Term Debt | $21.9B |
| Deferred Revenue NC | $5.5B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.5B |
| TOTAL NON-CURRENT LIABILITIES | $36.8B |
| TOTAL LIABILITIES | $53.5B |
| Common Stock | $5M |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | -$610M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$869M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$869M |
| TOTAL LIABILITIES & EQUITY | $52.6B |
| Total Debt | $24.1B |
| Net Debt | $23.8B |
