| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $6.1B | $5.8B | -2.6% | 2.3% |
| Op. Income | $2.3B | $2.8B | $2.4B | -18.0% | -4.8% |
| Gross Margin | 82.4% | 83.1% | 82.9% | -0.7pp | -0.4pp |
| Net Margin | 31.5% | 37.9% | 35.0% | -6.4pp | -3.5pp |
| EPS (Diluted) | $2.86 | $3.48 | $2.76 | -17.8% | 3.6% |
| Free Cash Flow | $3.1B | $1.9B | $3.3B | 62.0% | -5.9% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $926M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $325M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $2.3B |
| Interest Income | $126M |
| Interest Expense | $355M |
| Other Income/Expenses | -$229M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $235M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $501M |
| EBIT | $2.4B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $926M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $325M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $2.3B |
| Interest Income | $126M |
| Interest Expense | $355M |
| Other Income/Expenses | -$229M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $235M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $501M |
| EBIT | $2.4B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $501M |
| Stock-Based Compensation | $77M |
| Deferred Income Tax | -$180M |
| Other Non-Cash Items | $378M |
| Change in Working Capital | $638M |
| OPERATING CASH FLOW | $3.3B |
| Capital Expenditure | -$171M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.9B |
| Sales/Maturities of Investments | $7.2B |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | $1.1B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.7B |
| Common Dividends Paid | -$851M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | $1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.0B |
| Short-Term Investments | $18.0B |
| Net Receivables | $3.4B |
| Inventory | $3.0B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $38.3B |
| PP&E (Net) | $4.9B |
| Goodwill | $14.7B |
| Intangible Assets | $7.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $29.0B |
| TOTAL ASSETS | $67.3B |
| Account Payables | $1.0B |
| Short-Term Debt | $5.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12.4B |
| Long-Term Debt | $29.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $978M |
| Other Non-Current Liabilities | $10.2B |
| TOTAL NON-CURRENT LIABILITIES | $40.6B |
| TOTAL LIABILITIES | $53.0B |
| Common Stock | $31.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$16.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$809M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.3B |
| TOTAL LIABILITIES & EQUITY | $67.3B |
| Total Debt | $34.4B |
| Net Debt | $22.5B |
