| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.8B | $5.8B | $5.8B | -0.6% | -0.7% |
| Op. Income | $2.4B | $2.7B | $2.5B | -9.6% | -3.5% |
| Gross Margin | 82.9% | 82.4% | 82.3% | 0.5pp | 0.5pp |
| Net Margin | 35.0% | 37.0% | 34.7% | -2.0pp | 0.3pp |
| EPS (Diluted) | $2.76 | $2.91 | $2.68 | -5.2% | 3.0% |
| Free Cash Flow | $3.3B | $2.1B | $2.6B | 53.9% | 27.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $990M |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $877M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $297M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $2.4B |
| Interest Income | $267M |
| Interest Expense | $325M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $360M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $464M |
| EBIT | $2.7B |
| EBITDA | $3.2B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $990M |
| GROSS PROFIT | $4.8B |
| R&D Expenses | $877M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $297M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $2.4B |
| Interest Income | $267M |
| Interest Expense | $325M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $360M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $464M |
| EBIT | $2.7B |
| EBITDA | $3.2B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $464M |
| Stock-Based Compensation | $88M |
| Deferred Income Tax | -$199M |
| Other Non-Cash Items | $272M |
| Change in Working Capital | $808M |
| OPERATING CASH FLOW | $3.5B |
| Capital Expenditure | -$158M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7.4B |
| Sales/Maturities of Investments | $5.6B |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | $540M |
| Common Stock Repurchased | -$809M |
| Common Dividends Paid | -$838M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $3.3B |
| Net Change in Cash | $371M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $38.4B |
| Net Receivables | $3.4B |
| Inventory | $2.9B |
| Other Current Assets | $2.1B |
| TOTAL CURRENT ASSETS | $49.8B |
| PP&E (Net) | $4.9B |
| Goodwill | $14.8B |
| Intangible Assets | $8.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $30.6B |
| TOTAL ASSETS | $80.3B |
| Account Payables | $879M |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8.2B |
| Long-Term Debt | $33.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $39.9B |
| TOTAL LIABILITIES | $48.1B |
| Common Stock | $30.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$443M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $32.2B |
| TOTAL LIABILITIES & EQUITY | $80.3B |
| Total Debt | $35.8B |
| Net Debt | $32.8B |
