| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.5B | $14.0B | $11.4B | -3.6% | 18.4% |
| Op. Income | $2.1B | $2.2B | $1.5B | -1.5% | 41.5% |
| Gross Margin | 31.9% | 31.5% | 31.3% | 0.4pp | 0.6pp |
| Net Margin | 12.8% | 12.2% | 9.3% | 0.6pp | 3.5pp |
| EPS (Diluted) | $2.88 | $2.82 | $1.77 | 2.1% | 62.7% |
| Free Cash Flow | $791M | $1.4B | $728M | -42.6% | 8.7% |
| Item | Amount |
|---|---|
| REVENUE | $13.5B |
| Cost of Revenue | $9.2B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $479M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $390M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $11.4B |
| OPERATING INCOME | $2.1B |
| Interest Income | $59M |
| Interest Expense | $102M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $415M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $698M |
| EBIT | $2.2B |
| EBITDA | $2.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $13.5B |
| Cost of Revenue | $9.2B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $479M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $390M |
| Operating Expenses | $2.2B |
| Cost & Expenses | $11.4B |
| OPERATING INCOME | $2.1B |
| Interest Income | $59M |
| Interest Expense | $102M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $415M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $698M |
| EBIT | $2.2B |
| EBITDA | $2.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $698M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $132M |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$601M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$108M |
| Sales/Maturities of Investments | $195M |
| Other Investing Activities | -$110M |
| NET CASH FROM INVESTING | -$346M |
| Net Debt Issuance | -$392M |
| Common Stock Repurchased | -$750M |
| Common Dividends Paid | -$511M |
| Other Financing Activities | -$28M |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $791M |
| Net Change in Cash | -$648M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.0B |
| Short-Term Investments | $0 |
| Net Receivables | $16.8B |
| Inventory | $11.8B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $38.5B |
| PP&E (Net) | $13.6B |
| Goodwill | $6.2B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $16.7B |
| TOTAL NON-CURRENT ASSETS | $39.8B |
| TOTAL ASSETS | $78.2B |
| Account Payables | $6.8B |
| Short-Term Debt | $10.3B |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $26.0B |
| Long-Term Debt | $25.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.8B |
| TOTAL NON-CURRENT LIABILITIES | $36.3B |
| TOTAL LIABILITIES | $62.3B |
| Common Stock | $5.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $30.4B |
| Treasury Stock | -$18.7B |
| Accum. Other Comp. Income | -$1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.8B |
| Minority Interest | $40M |
| TOTAL EQUITY | $15.9B |
| TOTAL LIABILITIES & EQUITY | $78.2B |
| Total Debt | $35.8B |
| Net Debt | $27.7B |
