| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.0B | $6.9B | $6.4B | 0.7% | 8.8% |
| Op. Income | $2.7B | $2.7B | $2.4B | 1.2% | 14.1% |
| Gross Margin | 76.9% | 78.0% | 76.6% | -1.1pp | 0.3pp |
| Net Margin | 23.3% | 27.6% | 24.8% | -4.3pp | -1.5pp |
| EPS (Diluted) | $1.01 | $1.19 | $0.97 | -15.1% | 4.1% |
| Free Cash Flow | $3.1B | $1.9B | $1.3B | 67.6% | 134.5% |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $2.7B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $2.7B |
| Interest Income | $41M |
| Interest Expense | $293M |
| Other Income/Expenses | -$599M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $464M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $379M |
| EBIT | $2.4B |
| EBITDA | $2.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $2.7B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $2.7B |
| Interest Income | $41M |
| Interest Expense | $293M |
| Other Income/Expenses | -$599M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $464M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $379M |
| EBIT | $2.4B |
| EBITDA | $2.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $379M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $226M |
| Change in Working Capital | $964M |
| OPERATING CASH FLOW | $3.3B |
| Capital Expenditure | -$126M |
| Acquisitions (Net) | -$80M |
| Purchases of Investments | -$447M |
| Sales/Maturities of Investments | $544M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | $395M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$1.0B |
| Other Financing Activities | -$174M |
| NET CASH FROM FINANCING | -$810M |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | $2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.4B |
| Short-Term Investments | $1.1B |
| Net Receivables | $4.9B |
| Inventory | $1.8B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $18.9B |
| PP&E (Net) | $2.7B |
| Goodwill | $15.7B |
| Intangible Assets | $28.2B |
| Long-Term Investments | $2.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $49.9B |
| TOTAL ASSETS | $68.8B |
| Account Payables | $0 |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.2B |
| TOTAL CURRENT LIABILITIES | $13.0B |
| Long-Term Debt | $34.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.1B |
| Other Non-Current Liabilities | $9.0B |
| TOTAL NON-CURRENT LIABILITIES | $49.1B |
| TOTAL LIABILITIES | $62.2B |
| Common Stock | $18M |
| Additional Paid-In Capital | $14.2B |
| Retained Earnings | $6.5B |
| Treasury Stock | -$11.4B |
| Accum. Other Comp. Income | -$2.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $68.8B |
| Total Debt | $37.8B |
| Net Debt | $29.3B |
