| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.4B | -0.4% | 0.7% |
| Op. Income | $395M | $376M | $391M | 5.1% | 1.0% |
| Gross Margin | 57.4% | 60.8% | 62.6% | -3.4pp | -5.2pp |
| Net Margin | 11.5% | 10.2% | 8.5% | 1.3pp | 2.9pp |
| EPS (Diluted) | $0.63 | $0.55 | $0.43 | 14.5% | 46.5% |
| Free Cash Flow | $424M | -$177M | $265M | 339.5% | 60.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $33M |
| General & Administrative | $435M |
| SG&A Expenses | $468M |
| Other Expenses | $550M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $395M |
| Interest Income | $2.1B |
| Interest Expense | $735M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $395M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $280M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $282M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $282M |
| D&A | $431M |
| EBIT | $395M |
| EBITDA | $826M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $33M |
| General & Administrative | $435M |
| SG&A Expenses | $468M |
| Other Expenses | $550M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $395M |
| Interest Income | $2.1B |
| Interest Expense | $735M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $395M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $280M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $282M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $282M |
| D&A | $431M |
| EBIT | $395M |
| EBITDA | $826M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $282M |
| Depreciation & Amortization | $431M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $275M |
| Change in Working Capital | $315M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$879M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.6B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $2.5B |
| NET CASH FROM INVESTING | -$375M |
| Net Debt Issuance | -$4.6B |
| Common Stock Repurchased | -$190M |
| Common Dividends Paid | -$55M |
| Other Financing Activities | $3.9B |
| NET CASH FROM FINANCING | -$904M |
| FREE CASH FLOW | $424M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $23.1B |
| Net Receivables | $720M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $28.4B |
| PP&E (Net) | $9.4B |
| Goodwill | $240M |
| Intangible Assets | $0 |
| Long-Term Investments | $121.8B |
| Tax Assets | $659M |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $135.7B |
| TOTAL ASSETS | $164.0B |
| Account Payables | $1.4B |
| Short-Term Debt | $10.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $90.1B |
| TOTAL CURRENT LIABILITIES | $101.7B |
| Long-Term Debt | $45.1B |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $48.7B |
| TOTAL LIABILITIES | $150.4B |
| Common Stock | $21.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$6.5B |
| Treasury Stock | -$920M |
| Accum. Other Comp. Income | -$197M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.6B |
| TOTAL LIABILITIES & EQUITY | $164.0B |
| Total Debt | $55.3B |
| Net Debt | $50.8B |
