| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $6.0B | $5.5B | -8.4% | -1.1% |
| Op. Income | $2.6B | $2.5B | $2.4B | 4.3% | 7.9% |
| Gross Margin | 81.8% | 82.1% | 81.6% | -0.3pp | 0.2pp |
| Net Margin | 37.9% | 32.4% | 34.4% | 5.5pp | 3.5pp |
| EPS (Diluted) | $2.79 | $2.59 | $2.50 | 7.7% | 11.6% |
| Free Cash Flow | $2.2B | $2.8B | $1.8B | -20.1% | 26.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $996M |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $769M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $44M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $2.6B |
| Interest Income | $195M |
| Interest Expense | $326M |
| Other Income/Expenses | -$131M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $389M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $524M |
| EBIT | $2.8B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $996M |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $769M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $44M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $2.6B |
| Interest Income | $195M |
| Interest Expense | $326M |
| Other Income/Expenses | -$131M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $389M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $524M |
| EBIT | $2.8B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.1B |
| Depreciation & Amortization | $524M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | -$77M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$208M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$168M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7.1B |
| Sales/Maturities of Investments | $7.1B |
| Other Investing Activities | -$52M |
| NET CASH FROM INVESTING | -$157M |
| Net Debt Issuance | -$605M |
| Common Stock Repurchased | -$586M |
| Common Dividends Paid | -$847M |
| Other Financing Activities | -$73M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $35.0B |
| Net Receivables | $3.2B |
| Inventory | $2.9B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $46.5B |
| PP&E (Net) | $5.0B |
| Goodwill | $14.8B |
| Intangible Assets | $9.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $31.4B |
| TOTAL ASSETS | $77.9B |
| Account Payables | $902M |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10.5B |
| Long-Term Debt | $30.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $36.7B |
| TOTAL LIABILITIES | $47.2B |
| Common Stock | $30.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $233M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$362M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $30.6B |
| TOTAL LIABILITIES & EQUITY | $77.9B |
| Total Debt | $34.1B |
| Net Debt | $30.7B |
