| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.1B | $24.3B | — | 3.7% | — |
| Op. Income | $2.1B | $2.7B | — | -21.3% | — |
| Gross Margin | 16.3% | 19.5% | — | -3.1pp | — |
| Net Margin | 9.4% | 9.1% | — | 0.3pp | — |
| EPS (Diluted) | $4.07 | $3.73 | — | 9.1% | — |
| Free Cash Flow | $4.1B | $4.3B | — | -3.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $25.1B |
| Cost of Revenue | $21.0B |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $826M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.0B |
| Cost & Expenses | $23.0B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $106M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | -$230M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $523M |
| EBIT | $2.2B |
| EBITDA | $2.8B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $25.1B |
| Cost of Revenue | $21.0B |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $826M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.0B |
| Cost & Expenses | $23.0B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $106M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | -$230M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $523M |
| EBIT | $2.2B |
| EBITDA | $2.8B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $523M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | -$50M |
| Other Non-Cash Items | $45M |
| Change in Working Capital | $1.6B |
| OPERATING CASH FLOW | $4.6B |
| Capital Expenditure | -$457M |
| Acquisitions (Net) | -$174M |
| Purchases of Investments | -$608M |
| Sales/Maturities of Investments | $341M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$902M |
| Net Debt Issuance | -$273M |
| Common Stock Repurchased | -$2.5B |
| Common Dividends Paid | -$979M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$3.7B |
| FREE CASH FLOW | $4.1B |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.0B |
| Short-Term Investments | $2.0B |
| Net Receivables | $13.3B |
| Inventory | $62.0B |
| Other Current Assets | $2.4B |
| TOTAL CURRENT ASSETS | $87.7B |
| PP&E (Net) | $12.6B |
| Goodwill | $5.7B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $1.2B |
| Tax Assets | $323M |
| Other Non-Current Assets | $4.6B |
| TOTAL NON-CURRENT ASSETS | $27.0B |
| TOTAL ASSETS | $114.7B |
| Account Payables | $13.7B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $51.5B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $79.4B |
| Long-Term Debt | $10.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | $24.2B |
| TOTAL NON-CURRENT LIABILITIES | $36.5B |
| TOTAL LIABILITIES | $115.9B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | $54.7B |
| Treasury Stock | -$51.8B |
| Accum. Other Comp. Income | -$15.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.3B |
| Minority Interest | $80M |
| TOTAL EQUITY | -$1.2B |
| TOTAL LIABILITIES & EQUITY | $114.7B |
| Total Debt | $11.9B |
| Net Debt | $3.8B |
