| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.1B | $5.6B | $5.8B | 9.1% | 4.3% |
| Op. Income | $2.8B | $2.7B | $2.7B | 3.9% | 5.0% |
| Gross Margin | 83.1% | 83.0% | 82.4% | 0.1pp | 0.7pp |
| Net Margin | 37.9% | 41.6% | 37.0% | -3.7pp | 0.9pp |
| EPS (Diluted) | $3.48 | $3.25 | $2.91 | 7.1% | 19.6% |
| Free Cash Flow | $1.9B | $2.6B | $2.1B | -25.5% | -10.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $869M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | -$19M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $2.8B |
| Interest Income | $162M |
| Interest Expense | $347M |
| Other Income/Expenses | -$185M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $351M |
| 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 | $484M |
| EBIT | $3.0B |
| EBITDA | $3.5B |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $869M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | -$19M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $2.8B |
| Interest Income | $162M |
| Interest Expense | $347M |
| Other Income/Expenses | -$185M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $351M |
| 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 | $484M |
| EBIT | $3.0B |
| EBITDA | $3.5B |
| EPS | $4 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $484M |
| Stock-Based Compensation | $93M |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$719M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$187M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.0B |
| Sales/Maturities of Investments | $7.1B |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | $2.9B |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | -$3.2B |
| Common Dividends Paid | -$865M |
| Other Financing Activities | -$41M |
| NET CASH FROM FINANCING | -$4.7B |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | $390M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.1B |
| Short-Term Investments | $19.3B |
| Net Receivables | $3.5B |
| Inventory | $3.1B |
| Other Current Assets | $2.0B |
| TOTAL CURRENT ASSETS | $38.0B |
| PP&E (Net) | $4.9B |
| Goodwill | $14.7B |
| Intangible Assets | $8.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $29.7B |
| TOTAL ASSETS | $67.7B |
| Account Payables | $1.0B |
| Short-Term Debt | $4.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.2B |
| Long-Term Debt | $30.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $10.2B |
| TOTAL NON-CURRENT LIABILITIES | $41.6B |
| TOTAL LIABILITIES | $52.8B |
| Common Stock | $31.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$15.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$873M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.9B |
| TOTAL LIABILITIES & EQUITY | $67.7B |
| Total Debt | $34.5B |
| Net Debt | $24.4B |
