| Metric | Q3 2016 | Q2 2016 | Q3 2015 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23.9B | $24.8B | — | -3.5% | — |
| Op. Income | $2.2B | -$419M | — | 628.4% | — |
| Gross Margin | 16.7% | 9.8% | — | 6.9pp | — |
| Net Margin | 9.5% | -0.9% | — | 10.5pp | — |
| EPS (Diluted) | $3.60 | $-0.37 | — | 1073.0% | — |
| Free Cash Flow | $2.6B | $2.6B | — | 1.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $23.9B |
| Cost of Revenue | $19.9B |
| GROSS PROFIT | $4.0B |
| R&D Expenses | $857M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $923M |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $21.7B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $81M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | -$76M |
| 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 | $474M |
| EBIT | $2.3B |
| EBITDA | $2.8B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $23.9B |
| Cost of Revenue | $19.9B |
| GROSS PROFIT | $4.0B |
| R&D Expenses | $857M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $923M |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $21.7B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $81M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | -$76M |
| 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 | $474M |
| EBIT | $2.3B |
| EBITDA | $2.8B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $474M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $77M |
| Change in Working Capital | $313M |
| OPERATING CASH FLOW | $3.2B |
| Capital Expenditure | -$595M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$271M |
| Sales/Maturities of Investments | $251M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$614M |
| Net Debt Issuance | -$569M |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$676M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $2.6B |
| Net Change in Cash | $381M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.0B |
| Short-Term Investments | $682M |
| Net Receivables | $9.9B |
| Inventory | $42.7B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $62.2B |
| PP&E (Net) | $12.7B |
| Goodwill | $5.1B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $1.3B |
| Tax Assets | $265M |
| Other Non-Current Assets | $4.8B |
| TOTAL NON-CURRENT ASSETS | $26.7B |
| TOTAL ASSETS | $89.0B |
| Account Payables | $12.0B |
| Short-Term Debt | $632M |
| Deferred Revenue | $22.6B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $48.5B |
| Long-Term Debt | $9.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $26.3B |
| TOTAL NON-CURRENT LIABILITIES | $38.3B |
| TOTAL LIABILITIES | $86.8B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | $40.6B |
| Treasury Stock | -$35.8B |
| Accum. Other Comp. Income | -$12.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $61M |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $89.0B |
| Total Debt | $10.5B |
| Net Debt | $1.5B |
