| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $1.6B | 5.2% | 15.1% |
| Op. Income | $576M | $549M | $513M | 4.9% | 12.3% |
| Gross Margin | 78.5% | 79.2% | 83.3% | -0.7pp | -4.8pp |
| Net Margin | 23.4% | 23.6% | 21.2% | -0.2pp | 2.2pp |
| EPS (Diluted) | $0.91 | $0.88 | $0.68 | 3.4% | 33.8% |
| Free Cash Flow | -$330M | $574M | $807M | -157.5% | -140.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $407M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $503M |
| SG&A Expenses | $539M |
| Other Expenses | $371M |
| Operating Expenses | $910M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $576M |
| Interest Income | $1.5B |
| Interest Expense | $329M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $576M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $443M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $443M |
| Net Income Deductions | -$7M |
| BOTTOM LINE NET INCOME | $436M |
| D&A | $114M |
| EBIT | $576M |
| EBITDA | $690M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $407M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $503M |
| SG&A Expenses | $539M |
| Other Expenses | $371M |
| Operating Expenses | $910M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $576M |
| Interest Income | $1.5B |
| Interest Expense | $329M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $576M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $443M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $443M |
| Net Income Deductions | -$7M |
| BOTTOM LINE NET INCOME | $436M |
| D&A | $114M |
| EBIT | $576M |
| EBITDA | $690M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $443M |
| Depreciation & Amortization | $114M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$37M |
| Change in Working Capital | -$753M |
| OPERATING CASH FLOW | -$208M |
| Capital Expenditure | -$122M |
| Acquisitions (Net) | -$533M |
| Purchases of Investments | -$895M |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$1.4B |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $2.5B |
| Common Stock Repurchased | -$400M |
| Common Dividends Paid | -$129M |
| Other Financing Activities | $50M |
| NET CASH FROM FINANCING | $2.0B |
| FREE CASH FLOW | -$330M |
| Net Change in Cash | $126M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.1B |
| Short-Term Investments | $20.2B |
| Net Receivables | $3.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $27.3B |
| PP&E (Net) | $753M |
| Goodwill | $6.9B |
| Intangible Assets | $0 |
| Long-Term Investments | $117.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.3B |
| TOTAL NON-CURRENT ASSETS | $131.3B |
| TOTAL ASSETS | $158.6B |
| Account Payables | $381M |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $117.1B |
| TOTAL CURRENT LIABILITIES | $119.8B |
| Long-Term Debt | $15.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $430M |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $18.5B |
| TOTAL LIABILITIES | $138.3B |
| Common Stock | $6M |
| Additional Paid-In Capital | $18.8B |
| Retained Earnings | $5.1B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $20.3B |
| TOTAL LIABILITIES & EQUITY | $158.6B |
| Total Debt | $18.0B |
| Net Debt | $13.9B |
