| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.4B | -0.4% | 0.7% |
| Op. Income | $328M | $410M | $326M | -20.0% | 0.6% |
| Gross Margin | 57.2% | 58.2% | 61.0% | -1.0pp | -3.9pp |
| Net Margin | 10.1% | 7.3% | 8.7% | 2.8pp | 1.4pp |
| EPS (Diluted) | $0.57 | $0.41 | $0.46 | 39.0% | 23.9% |
| Free Cash Flow | $128M | -$502M | $282M | 125.5% | -54.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $39M |
| General & Administrative | $479M |
| SG&A Expenses | $518M |
| Other Expenses | $563M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $328M |
| Interest Income | $2.1B |
| Interest Expense | $794M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $328M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $252M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $250M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $434M |
| EBIT | $328M |
| EBITDA | $762M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $39M |
| General & Administrative | $479M |
| SG&A Expenses | $518M |
| Other Expenses | $563M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $328M |
| Interest Income | $2.1B |
| Interest Expense | $794M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $328M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $252M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $250M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $434M |
| EBIT | $328M |
| EBITDA | $762M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $250M |
| Depreciation & Amortization | $434M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $254M |
| Change in Working Capital | $159M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$969M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.9B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | -$1.9B |
| NET CASH FROM INVESTING | -$4.4B |
| Net Debt Issuance | -$954M |
| Common Stock Repurchased | -$185M |
| Common Dividends Paid | -$58M |
| Other Financing Activities | $4.2B |
| NET CASH FROM FINANCING | $3.0B |
| FREE CASH FLOW | $128M |
| Net Change in Cash | -$331M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.8B |
| Short-Term Investments | $22.7B |
| Net Receivables | $675M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $27.2B |
| PP&E (Net) | $9.0B |
| Goodwill | $240M |
| Intangible Assets | $0 |
| Long-Term Investments | $129.4B |
| Tax Assets | $530M |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $142.8B |
| TOTAL ASSETS | $170.0B |
| Account Payables | $884M |
| Short-Term Debt | $9.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $97.4B |
| TOTAL CURRENT LIABILITIES | $107.9B |
| Long-Term Debt | $45.1B |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.9B |
| TOTAL NON-CURRENT LIABILITIES | $49.0B |
| TOTAL LIABILITIES | $156.9B |
| Common Stock | $21.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$6.3B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | -$578M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.1B |
| TOTAL LIABILITIES & EQUITY | $170.0B |
| Total Debt | $54.6B |
| Net Debt | $50.8B |
