| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.4B | $7.6B | $6.3B | -2.6% | 16.7% |
| Op. Income | $671M | $735M | -$66M | -8.7% | 1116.7% |
| Gross Margin | 51.1% | 49.8% | 43.8% | 1.3pp | 7.3pp |
| Net Margin | 5.7% | -10.9% | 6.6% | 16.6pp | -1.0pp |
| EPS (Diluted) | $0.24 | $-0.47 | $0.24 | 151.1% | 0.0% |
| Free Cash Flow | $833M | $1.3B | $302M | -35.7% | 175.8% |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $581M |
| Selling & Marketing | $0 |
| General & Administrative | $2.5B |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $3.1B |
| Cost & Expenses | $6.7B |
| OPERATING INCOME | $671M |
| Interest Income | $28M |
| Interest Expense | $121M |
| Other Income/Expenses | -$240M |
| INCOME BEFORE TAX | $431M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $409M |
| Net Income from Discontinued Ops | $9M |
| Other Adjustments | $0 |
| NET INCOME | $418M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $418M |
| D&A | $852M |
| EBIT | $552M |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $581M |
| Selling & Marketing | $0 |
| General & Administrative | $2.5B |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $3.1B |
| Cost & Expenses | $6.7B |
| OPERATING INCOME | $671M |
| Interest Income | $28M |
| Interest Expense | $121M |
| Other Income/Expenses | -$240M |
| INCOME BEFORE TAX | $431M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $409M |
| Net Income from Discontinued Ops | $9M |
| Other Adjustments | $0 |
| NET INCOME | $418M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $418M |
| D&A | $852M |
| EBIT | $552M |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $418M |
| Depreciation & Amortization | $852M |
| Stock-Based Compensation | $212M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$150M |
| Change in Working Capital | -$224M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$275M |
| Acquisitions (Net) | -$25M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $42M |
| NET CASH FROM INVESTING | -$238M |
| Net Debt Issuance | -$6.0B |
| Common Stock Repurchased | -$128M |
| Common Dividends Paid | -$491M |
| Other Financing Activities | $137M |
| NET CASH FROM FINANCING | -$6.5B |
| FREE CASH FLOW | $833M |
| Net Change in Cash | -$5.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.9B |
| Short-Term Investments | $185M |
| Net Receivables | $5.4B |
| Inventory | $3.8B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $15.0B |
| PP&E (Net) | $7.7B |
| Goodwill | $24.2B |
| Intangible Assets | $20.9B |
| Long-Term Investments | $913M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $55.9B |
| TOTAL ASSETS | $70.9B |
| Account Payables | $2.5B |
| Short-Term Debt | $737M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.6B |
| TOTAL CURRENT LIABILITIES | $9.0B |
| Long-Term Debt | $21.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.1B |
| TOTAL NON-CURRENT LIABILITIES | $30.3B |
| TOTAL LIABILITIES | $39.3B |
| Common Stock | $23.2B |
| Additional Paid-In Capital | $23.2B |
| Retained Earnings | $23.9B |
| Treasury Stock | -$9.9B |
| Accum. Other Comp. Income | -$5.7B |
| Other Equity | -$23.2B |
| TOTAL STOCKHOLDERS' EQUITY | $31.4B |
| Minority Interest | $202M |
| TOTAL EQUITY | $31.6B |
| TOTAL LIABILITIES & EQUITY | $70.9B |
| Total Debt | $21.9B |
| Net Debt | $18.0B |
