| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $2.8B | $3.8B | 44.5% | 7.3% |
| Op. Income | $2.3B | $920M | $1.2B | 145.0% | 92.3% |
| Gross Margin | 100.0% | 100.0% | -36.8% | 0.0pp | 136.8pp |
| Net Margin | 24.7% | 32.3% | 15.3% | -7.6pp | 9.4pp |
| EPS (Diluted) | $0.09 | $0.08 | $0.10 | 11.9% | -6.0% |
| Free Cash Flow | $788M | -$9.5B | $5.1B | 108.3% | -84.6% |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $56M |
| General & Administrative | $804M |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.9B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $182M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | -$1.4B |
| EBIT | $1.2B |
| EBITDA | -$245M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $56M |
| General & Administrative | $804M |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.9B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $182M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | -$1.4B |
| EBIT | $1.2B |
| EBITDA | -$245M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $197M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $239M |
| Change in Working Capital | -$585M |
| OPERATING CASH FLOW | $860M |
| Capital Expenditure | -$72M |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3.3B |
| NET CASH FROM INVESTING | -$3.4B |
| Net Debt Issuance | -$229M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$277M |
| Other Financing Activities | $4.0B |
| NET CASH FROM FINANCING | $3.5B |
| FREE CASH FLOW | $788M |
| Net Change in Cash | $949M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22.5B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22.5B |
| PP&E (Net) | $1.5B |
| Goodwill | $1.2B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $231.7B |
| TOTAL NON-CURRENT ASSETS | $235.8B |
| TOTAL ASSETS | $258.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.1B |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $29.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $205.0B |
| TOTAL NON-CURRENT LIABILITIES | $233.8B |
| TOTAL LIABILITIES | $234.9B |
| Common Stock | $13.5B |
| Additional Paid-In Capital | $2M |
| Retained Earnings | $10.2B |
| Treasury Stock | -$89M |
| Accum. Other Comp. Income | -$312M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.3B |
| Minority Interest | $123M |
| TOTAL EQUITY | $23.4B |
| TOTAL LIABILITIES & EQUITY | $258.3B |
| Total Debt | $29.9B |
| Net Debt | $7.4B |
