| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.7B | — | $10.0B | — | 56.9% |
| Op. Income | $6.2B | — | $3.7B | — | 66.2% |
| Gross Margin | 80.4% | — | 73.8% | — | 6.6pp |
| Net Margin | 23.1% | — | 30.5% | — | -7.4pp |
| EPS (Diluted) | $1.60 | — | $1.35 | — | 19.0% |
| Free Cash Flow | $4.9B | — | $2.0B | — | 142.2% |
| Item | Amount |
|---|---|
| REVENUE | $15.7B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $12.6B |
| R&D Expenses | $151M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $0 |
| Operating Expenses | $6.2B |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $6.2B |
| Interest Income | $1.0B |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $5.4B |
| Income Tax Expense | $1.6B |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $313M |
| NET INCOME | $3.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.6B |
| D&A | $553M |
| EBIT | $6.1B |
| EBITDA | $6.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $15.7B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $12.6B |
| R&D Expenses | $151M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $0 |
| Operating Expenses | $6.2B |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $6.2B |
| Interest Income | $1.0B |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $5.4B |
| Income Tax Expense | $1.6B |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $313M |
| NET INCOME | $3.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.6B |
| D&A | $553M |
| EBIT | $6.1B |
| EBITDA | $6.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.6B |
| Depreciation & Amortization | $553M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | -$113M |
| OPERATING CASH FLOW | $5.2B |
| Capital Expenditure | -$276M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$108M |
| NET CASH FROM INVESTING | -$384M |
| Net Debt Issuance | -$1.9B |
| Common Stock Repurchased | -$193M |
| Common Dividends Paid | -$2.9B |
| Other Financing Activities | -$90M |
| NET CASH FROM FINANCING | -$6.1B |
| FREE CASH FLOW | $4.9B |
| Net Change in Cash | -$1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $253M |
| Net Receivables | $5.4B |
| Inventory | $8.5B |
| Other Current Assets | $332M |
| TOTAL CURRENT ASSETS | $17.4B |
| PP&E (Net) | $6.5B |
| Goodwill | $0 |
| Intangible Assets | $161.8B |
| Long-Term Investments | $2.2B |
| Tax Assets | $570M |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $174.7B |
| TOTAL ASSETS | $192.1B |
| Account Payables | $12.8B |
| Short-Term Debt | $7.1B |
| Deferred Revenue | $996M |
| Other Current Liabilities | $709M |
| TOTAL CURRENT LIABILITIES | $21.6B |
| Long-Term Debt | $58.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $23.7B |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $86.1B |
| TOTAL LIABILITIES | $107.7B |
| Common Stock | $828M |
| Additional Paid-In Capital | $35.9B |
| Retained Earnings | $50.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.3B |
| Other Equity | -$3.3B |
| TOTAL STOCKHOLDERS' EQUITY | $84.1B |
| Minority Interest | $294M |
| TOTAL EQUITY | $84.4B |
| TOTAL LIABILITIES & EQUITY | $192.1B |
| Total Debt | $65.4B |
| Net Debt | $62.5B |