| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.5B | 0.5% | 0.7% |
| Op. Income | $410M | $395M | $380M | 3.8% | 7.9% |
| Gross Margin | 58.2% | 57.4% | 61.7% | 0.8pp | -3.5pp |
| Net Margin | 7.3% | 11.5% | 10.1% | -4.1pp | -2.8pp |
| EPS (Diluted) | $0.41 | $0.63 | $0.52 | -34.9% | -21.2% |
| Free Cash Flow | -$502M | $424M | $64M | -218.4% | -884.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $37M |
| General & Administrative | $441M |
| SG&A Expenses | $478M |
| Other Expenses | $552M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $410M |
| Interest Income | $2.1B |
| Interest Expense | $740M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $410M |
| Income Tax Expense | $231M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $425M |
| EBIT | $410M |
| EBITDA | $835M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $37M |
| General & Administrative | $441M |
| SG&A Expenses | $478M |
| Other Expenses | $552M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $410M |
| Interest Income | $2.1B |
| Interest Expense | $740M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $410M |
| Income Tax Expense | $231M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $425M |
| EBIT | $410M |
| EBITDA | $835M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $181M |
| Depreciation & Amortization | $425M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $175M |
| Change in Working Capital | -$75M |
| OPERATING CASH FLOW | $706M |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.5B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | -$3.5B |
| NET CASH FROM INVESTING | -$4.6B |
| Net Debt Issuance | $372M |
| Common Stock Repurchased | -$190M |
| Common Dividends Paid | -$54M |
| Other Financing Activities | $3.1B |
| NET CASH FROM FINANCING | $3.3B |
| FREE CASH FLOW | -$502M |
| Net Change in Cash | $845M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.3B |
| Short-Term Investments | $14.5B |
| Net Receivables | $666M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19.9B |
| PP&E (Net) | $9.2B |
| Goodwill | $240M |
| Intangible Assets | $0 |
| Long-Term Investments | $126.7B |
| Tax Assets | $461M |
| Other Non-Current Assets | $10.6B |
| TOTAL NON-CURRENT ASSETS | $147.2B |
| TOTAL ASSETS | $167.1B |
| Account Payables | $1.1B |
| Short-Term Debt | $11.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $93.3B |
| TOTAL CURRENT LIABILITIES | $105.8B |
| Long-Term Debt | $44.2B |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $47.9B |
| TOTAL LIABILITIES | $153.7B |
| Common Stock | $21.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$6.4B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$235M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.5B |
| TOTAL LIABILITIES & EQUITY | $167.1B |
| Total Debt | $55.6B |
| Net Debt | $51.4B |
