| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23.4B | $25.4B | $21.0B | -7.8% | 11.5% |
| Op. Income | $2.8B | $3.0B | $1.9B | -6.0% | 44.1% |
| Gross Margin | 19.5% | 19.5% | 17.7% | 0.0pp | 1.8pp |
| Net Margin | 10.6% | 12.3% | 6.9% | -1.8pp | 3.7pp |
| EPS (Diluted) | $4.15 | $5.18 | $2.54 | -19.9% | 63.4% |
| Free Cash Flow | $2.7B | $2.5B | $1.6B | 10.2% | 67.2% |
| Item | Amount |
|---|---|
| REVENUE | $23.4B |
| Cost of Revenue | $18.8B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $764M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $997M |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $20.6B |
| OPERATING INCOME | $2.8B |
| Interest Income | $0 |
| Interest Expense | $102M |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $362M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $501M |
| EBIT | $2.9B |
| EBITDA | $3.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $23.4B |
| Cost of Revenue | $18.8B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $764M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $997M |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $20.6B |
| OPERATING INCOME | $2.8B |
| Interest Income | $0 |
| Interest Expense | $102M |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $362M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $501M |
| EBIT | $2.9B |
| EBITDA | $3.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $2.5B |
| Depreciation & Amortization | $501M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $59M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $3.1B |
| Capital Expenditure | -$414M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | -$249M |
| Sales/Maturities of Investments | $752M |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | $119M |
| Net Debt Issuance | $1.3B |
| Common Stock Repurchased | -$3.0B |
| Common Dividends Paid | -$1.0B |
| Other Financing Activities | -$155M |
| NET CASH FROM FINANCING | -$2.8B |
| FREE CASH FLOW | $2.7B |
| Net Change in Cash | $418M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.2B |
| Short-Term Investments | $656M |
| Net Receivables | $12.9B |
| Inventory | $61.3B |
| Other Current Assets | $2.5B |
| TOTAL CURRENT ASSETS | $86.5B |
| PP&E (Net) | $12.6B |
| Goodwill | $5.6B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $1.2B |
| Tax Assets | $325M |
| Other Non-Current Assets | $4.7B |
| TOTAL NON-CURRENT ASSETS | $27.0B |
| TOTAL ASSETS | $113.5B |
| Account Payables | $12.6B |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $50.0B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $75.5B |
| Long-Term Debt | $10.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.0B |
| Other Non-Current Liabilities | $24.2B |
| TOTAL NON-CURRENT LIABILITIES | $36.7B |
| TOTAL LIABILITIES | $112.3B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | $52.1B |
| Treasury Stock | -$46.4B |
| Accum. Other Comp. Income | -$16.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $76M |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $113.5B |
| Total Debt | $12.5B |
| Net Debt | $3.2B |
