| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.9B | 1.9% | -25.6% |
| Op. Income | $480M | $397M | $479M | 20.9% | 0.2% |
| Gross Margin | 44.4% | 48.0% | 36.6% | -3.5pp | 7.8pp |
| Net Margin | 20.8% | 15.6% | 12.2% | 5.2pp | 8.6pp |
| EPS (Diluted) | $5.39 | $3.93 | $4.20 | 37.2% | 28.3% |
| Free Cash Flow | $653M | $618M | $685M | 5.6% | -4.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $791M |
| GROSS PROFIT | $632M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $44M |
| SG&A Expenses | $44M |
| Other Expenses | $109M |
| Operating Expenses | $153M |
| Cost & Expenses | $943M |
| OPERATING INCOME | $480M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$137M |
| INCOME BEFORE TAX | $343M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $289M |
| Net Income from Discontinued Ops | $8M |
| Other Adjustments | $0 |
| NET INCOME | $297M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $297M |
| D&A | $123M |
| EBIT | $343M |
| EBITDA | $466M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $791M |
| GROSS PROFIT | $632M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $44M |
| SG&A Expenses | $44M |
| Other Expenses | $109M |
| Operating Expenses | $153M |
| Cost & Expenses | $943M |
| OPERATING INCOME | $480M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$137M |
| INCOME BEFORE TAX | $343M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $289M |
| Net Income from Discontinued Ops | $8M |
| Other Adjustments | $0 |
| NET INCOME | $297M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $297M |
| D&A | $123M |
| EBIT | $343M |
| EBITDA | $466M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $296M |
| Depreciation & Amortization | $123M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $52M |
| Other Non-Cash Items | $350M |
| Change in Working Capital | -$134M |
| OPERATING CASH FLOW | $704M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | -$200.0K |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | -$200.0K |
| Other Investing Activities | -$551M |
| NET CASH FROM INVESTING | -$625M |
| Net Debt Issuance | -$282M |
| Common Stock Repurchased | -$103M |
| Common Dividends Paid | -$31M |
| Other Financing Activities | $779M |
| NET CASH FROM FINANCING | $363M |
| FREE CASH FLOW | $653M |
| Net Change in Cash | $443M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $0 |
| Net Receivables | $17.2B |
| Inventory | $266M |
| Other Current Assets | $2.9B |
| TOTAL CURRENT ASSETS | $24.0B |
| PP&E (Net) | $610M |
| Goodwill | $3.9B |
| Intangible Assets | $603M |
| Long-Term Investments | $0 |
| Tax Assets | $65M |
| Other Non-Current Assets | $671M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $29.8B |
| Account Payables | $606M |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $803M |
| Other Current Liabilities | $6.6B |
| TOTAL CURRENT LIABILITIES | $10.0B |
| Long-Term Debt | $11.7B |
| Deferred Revenue NC | $113M |
| Deferred Tax Liabilities | $224M |
| Other Non-Current Liabilities | $5.5B |
| TOTAL NON-CURRENT LIABILITIES | $17.5B |
| TOTAL LIABILITIES | $27.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $4.8B |
| Treasury Stock | -$5.5B |
| Accum. Other Comp. Income | -$143M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $29.8B |
| Total Debt | $13.3B |
| Net Debt | $9.7B |
