| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24.0B | $25.3B | $22.6B | -5.1% | 6.5% |
| Op. Income | $6.4B | $7.6B | $6.1B | -15.8% | 5.8% |
| Gross Margin | 80.8% | 82.9% | 85.2% | -2.1pp | -4.3pp |
| Net Margin | 10.5% | 21.4% | 20.8% | -10.9pp | -10.3pp |
| EPS (Diluted) | $0.20 | $0.48 | $0.40 | -58.3% | -50.0% |
| Free Cash Flow | -$7.0B | $20.5B | -$8.4B | -134.4% | 15.7% |
| Item | Amount |
|---|---|
| REVENUE | $24.0B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $19.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $511M |
| General & Administrative | $10.1B |
| SG&A Expenses | $10.7B |
| Other Expenses | $2.4B |
| Operating Expenses | $13.0B |
| Cost & Expenses | $17.6B |
| OPERATING INCOME | $6.4B |
| Interest Income | $15.1B |
| Interest Expense | $3.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.4B |
| Income Tax Expense | $3.9B |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $186M |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $515M |
| EBIT | $6.4B |
| EBITDA | $6.9B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $24.0B |
| Cost of Revenue | $4.6B |
| GROSS PROFIT | $19.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $511M |
| General & Administrative | $10.1B |
| SG&A Expenses | $10.7B |
| Other Expenses | $2.4B |
| Operating Expenses | $13.0B |
| Cost & Expenses | $17.6B |
| OPERATING INCOME | $6.4B |
| Interest Income | $15.1B |
| Interest Expense | $3.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.4B |
| Income Tax Expense | $3.9B |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $186M |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $515M |
| EBIT | $6.4B |
| EBITDA | $6.9B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2.5B |
| Depreciation & Amortization | $515M |
| Stock-Based Compensation | $184M |
| Deferred Income Tax | $3.1B |
| Other Non-Cash Items | $5.3B |
| Change in Working Capital | -$18.7B |
| OPERATING CASH FLOW | -$7.0B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39.3B |
| Sales/Maturities of Investments | $35.5B |
| Other Investing Activities | -$8.1B |
| NET CASH FROM INVESTING | -$12.0B |
| Net Debt Issuance | -$2.1B |
| Common Stock Repurchased | -$4.9B |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | $12.4B |
| NET CASH FROM FINANCING | $3.8B |
| FREE CASH FLOW | -$7.0B |
| Net Change in Cash | -$14.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168.6B |
| Short-Term Investments | $302.6B |
| Net Receivables | $83.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $554.8B |
| PP&E (Net) | $9.2B |
| Goodwill | $69.0B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $1.1T |
| Tax Assets | $0 |
| Other Non-Current Assets | $557.1B |
| TOTAL NON-CURRENT ASSETS | $1.7T |
| TOTAL ASSETS | $2.3T |
| Account Payables | $0 |
| Short-Term Debt | $209.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4T |
| TOTAL CURRENT LIABILITIES | $1.8T |
| Long-Term Debt | $227.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $34.3B |
| TOTAL NON-CURRENT LIABILITIES | $261.7B |
| TOTAL LIABILITIES | $2.0T |
| Common Stock | $138.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $113.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $267.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $267.1B |
| TOTAL LIABILITIES & EQUITY | $2.3T |
| Total Debt | $436.9B |
| Net Debt | $268.3B |
