| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $984M | $1.0B | — | -1.9% | — |
| Op. Income | $266M | $357M | — | -25.4% | — |
| Gross Margin | 65.9% | 66.4% | — | -0.6pp | — |
| Net Margin | 22.1% | 29.5% | — | -7.5pp | — |
| EPS (Diluted) | $0.69 | $0.95 | — | -27.4% | — |
| Free Cash Flow | $286M | $446M | — | -35.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $984M |
| Cost of Revenue | $336M |
| GROSS PROFIT | $649M |
| R&D Expenses | $184M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $68M |
| Operating Expenses | $382M |
| Cost & Expenses | $718M |
| OPERATING INCOME | $266M |
| Interest Income | $10M |
| Interest Expense | $43M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $217M |
| D&A | $54M |
| EBIT | $276M |
| EBITDA | $330M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $984M |
| Cost of Revenue | $336M |
| GROSS PROFIT | $649M |
| R&D Expenses | $184M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $68M |
| Operating Expenses | $382M |
| Cost & Expenses | $718M |
| OPERATING INCOME | $266M |
| Interest Income | $10M |
| Interest Expense | $43M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $217M |
| D&A | $54M |
| EBIT | $276M |
| EBITDA | $330M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $217M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $314M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$327M |
| Sales/Maturities of Investments | $2.1B |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $1.8B |
| Net Debt Issuance | $2.1B |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$130M |
| Other Financing Activities | $43M |
| NET CASH FROM FINANCING | $2.0B |
| FREE CASH FLOW | $286M |
| Net Change in Cash | $4.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.0B |
| Short-Term Investments | $1.3B |
| Net Receivables | $473M |
| Inventory | $366M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.2B |
| PP&E (Net) | $629M |
| Goodwill | $1.7B |
| Intangible Assets | $530M |
| Long-Term Investments | $23M |
| Tax Assets | $34M |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $10.2B |
| Account Payables | $157M |
| Short-Term Debt | $0 |
| Deferred Revenue | $357M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $812M |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $103M |
| Other Non-Current Liabilities | $177M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $52M |
| Additional Paid-In Capital | $458M |
| Retained Earnings | $4.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$76M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $10.2B |
| Total Debt | $3.8B |
| Net Debt | -$1.2B |
