| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $5.8B | $5.5B | -4.3% | 1.6% |
| Op. Income | $2.7B | $2.2B | $2.6B | 21.4% | 5.2% |
| Gross Margin | 83.0% | 81.7% | 81.8% | 1.3pp | 1.2pp |
| Net Margin | 41.6% | -73.5% | 37.9% | 115.1pp | 3.7pp |
| EPS (Diluted) | $3.25 | $-5.89 | $2.79 | 155.2% | 16.5% |
| Free Cash Flow | $2.6B | $2.9B | $2.2B | -10.0% | 16.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $944M |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $760M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | -$3M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $2.7B |
| Interest Income | $231M |
| Interest Expense | $338M |
| Other Income/Expenses | -$107M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $308M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $471M |
| EBIT | $3.0B |
| EBITDA | $3.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $944M |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $760M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | -$3M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $2.7B |
| Interest Income | $231M |
| Interest Expense | $338M |
| Other Income/Expenses | -$107M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $308M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $471M |
| EBIT | $3.0B |
| EBITDA | $3.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $471M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | -$72M |
| Other Non-Cash Items | $44M |
| Change in Working Capital | -$81M |
| OPERATING CASH FLOW | $2.7B |
| Capital Expenditure | -$155M |
| Acquisitions (Net) | $197M |
| Purchases of Investments | -$2.7B |
| Sales/Maturities of Investments | $17.6B |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $14.9B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10.7B |
| Common Dividends Paid | -$951M |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | -$11.7B |
| FREE CASH FLOW | $2.6B |
| Net Change in Cash | $5.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.7B |
| Short-Term Investments | $22.4B |
| Net Receivables | $3.6B |
| Inventory | $3.0B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $40.7B |
| PP&E (Net) | $4.9B |
| Goodwill | $14.8B |
| Intangible Assets | $8.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $30.5B |
| TOTAL ASSETS | $71.2B |
| Account Payables | $1.1B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10.5B |
| Long-Term Debt | $33.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $10.5B |
| TOTAL NON-CURRENT LIABILITIES | $45.1B |
| TOTAL LIABILITIES | $55.5B |
| Common Stock | $31.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$14.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$994M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.6B |
| TOTAL LIABILITIES & EQUITY | $71.2B |
| Total Debt | $35.5B |
| Net Debt | $25.8B |
