| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27.1B | $26.9B | $26.0B | 0.7% | 4.2% |
| Op. Income | $8.5B | $8.4B | $8.1B | 1.2% | 4.6% |
| Gross Margin | 80.2% | 82.7% | 85.0% | -2.5pp | -4.9pp |
| Net Margin | 25.0% | 25.7% | 19.6% | -0.7pp | 5.4pp |
| EPS (Diluted) | $0.63 | $0.62 | $0.46 | 1.6% | 37.0% |
| Free Cash Flow | -$6.5B | $40.4B | $9.6B | -116.2% | -167.6% |
| Item | Amount |
|---|---|
| REVENUE | $27.1B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $21.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.1B |
| General & Administrative | $9.0B |
| SG&A Expenses | $10.1B |
| Other Expenses | $3.1B |
| Operating Expenses | $13.2B |
| Cost & Expenses | $18.6B |
| OPERATING INCOME | $8.5B |
| Interest Income | $16.4B |
| Interest Expense | $4.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.5B |
| Income Tax Expense | $1.7B |
| Net Income from Continuing Ops | $6.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.5B |
| D&A | $513M |
| EBIT | $8.5B |
| EBITDA | $9.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $27.1B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $21.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.1B |
| General & Administrative | $9.0B |
| SG&A Expenses | $10.1B |
| Other Expenses | $3.1B |
| Operating Expenses | $13.2B |
| Cost & Expenses | $18.6B |
| OPERATING INCOME | $8.5B |
| Interest Income | $16.4B |
| Interest Expense | $4.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.5B |
| Income Tax Expense | $1.7B |
| Net Income from Continuing Ops | $6.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.5B |
| D&A | $513M |
| EBIT | $8.5B |
| EBITDA | $9.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $6.8B |
| Depreciation & Amortization | $513M |
| Stock-Based Compensation | $462M |
| Deferred Income Tax | $978M |
| Other Non-Cash Items | $2.5B |
| Change in Working Capital | -$17.7B |
| OPERATING CASH FLOW | -$6.5B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$37.2B |
| Sales/Maturities of Investments | $23.3B |
| Other Investing Activities | $15.9B |
| NET CASH FROM INVESTING | $2.0B |
| Net Debt Issuance | $354M |
| Common Stock Repurchased | -$5.0B |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | -$19.4B |
| NET CASH FROM FINANCING | -$27.1B |
| FREE CASH FLOW | -$6.5B |
| Net Change in Cash | -$33.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $179.4B |
| Short-Term Investments | $262.1B |
| Net Receivables | $79.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $520.6B |
| PP&E (Net) | $9.5B |
| Goodwill | $69.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.1T |
| Tax Assets | $0 |
| Other Non-Current Assets | $560.2B |
| TOTAL NON-CURRENT ASSETS | $1.8T |
| TOTAL ASSETS | $2.3T |
| Account Payables | $0 |
| Short-Term Debt | $218.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4T |
| TOTAL CURRENT LIABILITIES | $1.8T |
| Long-Term Debt | $226.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33.6B |
| TOTAL NON-CURRENT LIABILITIES | $260.2B |
| TOTAL LIABILITIES | $2.0T |
| Common Stock | $128.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $125.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $264.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $264.2B |
| TOTAL LIABILITIES & EQUITY | $2.3T |
| Total Debt | $445.1B |
| Net Debt | $265.7B |
