| Metric | Q2 2017 | Q1 2017 | Q2 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $984M | $779M | 16.6% | 47.4% |
| Op. Income | $146M | $266M | $207M | -45.2% | -29.7% |
| Gross Margin | 66.3% | 65.9% | 65.6% | 0.5pp | 0.7pp |
| Net Margin | 8.2% | 22.1% | 21.9% | -13.9pp | -13.8pp |
| EPS (Diluted) | $0.27 | $0.69 | $0.55 | -60.9% | -50.9% |
| Free Cash Flow | $475M | $286M | $295M | 65.8% | 61.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $386M |
| GROSS PROFIT | $762M |
| R&D Expenses | $235M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $191M |
| Other Expenses | $190M |
| Operating Expenses | $616M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $146M |
| Interest Income | $12M |
| Interest Expense | $72M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $138M |
| EBIT | $158M |
| EBITDA | $296M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $386M |
| GROSS PROFIT | $762M |
| R&D Expenses | $235M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $191M |
| Other Expenses | $190M |
| Operating Expenses | $616M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $146M |
| Interest Income | $12M |
| Interest Expense | $72M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $138M |
| EBIT | $158M |
| EBITDA | $296M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $138M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$80M |
| Other Non-Cash Items | $114M |
| Change in Working Capital | $234M |
| OPERATING CASH FLOW | $521M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | -$9.7B |
| Purchases of Investments | -$379M |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$8.8B |
| Net Debt Issuance | $9.1B |
| Common Stock Repurchased | -$24M |
| Common Dividends Paid | -$139M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | $9.0B |
| FREE CASH FLOW | $475M |
| Net Change in Cash | $710M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.7B |
| Short-Term Investments | $491M |
| Net Receivables | $630M |
| Inventory | $648M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.5B |
| PP&E (Net) | $1.1B |
| Goodwill | $12.3B |
| Intangible Assets | $5.6B |
| Long-Term Investments | $28M |
| Tax Assets | $33M |
| Other Non-Current Assets | $79M |
| TOTAL NON-CURRENT ASSETS | $19.1B |
| TOTAL ASSETS | $26.6B |
| Account Payables | $190M |
| Short-Term Debt | $4.3B |
| Deferred Revenue | $378M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5.4B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $203M |
| TOTAL NON-CURRENT LIABILITIES | $11.2B |
| TOTAL LIABILITIES | $16.7B |
| Common Stock | $61M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $26.6B |
| Total Debt | $12.9B |
| Net Debt | $7.2B |
