| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.1B | $10.5B | — | -4.1% | — |
| Op. Income | $1.2B | $1.5B | — | -15.2% | — |
| Gross Margin | 29.0% | 30.2% | — | -1.2pp | — |
| Net Margin | 9.0% | 11.5% | — | -2.5pp | — |
| EPS (Diluted) | $2.78 | $3.67 | — | -24.3% | — |
| Free Cash Flow | -$173M | -$662M | — | 73.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $10.1B |
| Cost of Revenue | $7.2B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $416M |
| Selling & Marketing | $0 |
| General & Administrative | $913M |
| SG&A Expenses | $913M |
| Other Expenses | $346M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $8.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $291M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $289M |
| Net Income from Continuing Ops | $911M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $910M |
| Net Income Deductions | -$100.0K |
| BOTTOM LINE NET INCOME | $910M |
| D&A | $494M |
| EBIT | $1.5B |
| EBITDA | $2.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $10.1B |
| Cost of Revenue | $7.2B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $416M |
| Selling & Marketing | $0 |
| General & Administrative | $913M |
| SG&A Expenses | $913M |
| Other Expenses | $346M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $8.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $291M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $289M |
| Net Income from Continuing Ops | $911M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $910M |
| Net Income Deductions | -$100.0K |
| BOTTOM LINE NET INCOME | $910M |
| D&A | $494M |
| EBIT | $1.5B |
| EBITDA | $2.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $911M |
| Depreciation & Amortization | $494M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | $49M |
| Change in Working Capital | -$966M |
| OPERATING CASH FLOW | $547M |
| Capital Expenditure | -$720M |
| Acquisitions (Net) | $78M |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | -$664M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $178M |
| Common Stock Repurchased | -$393M |
| Common Dividends Paid | -$196M |
| Other Financing Activities | $962M |
| NET CASH FROM FINANCING | $561M |
| FREE CASH FLOW | -$173M |
| Net Change in Cash | -$278M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.9B |
| Short-Term Investments | $488M |
| Net Receivables | $37.4B |
| Inventory | $6.2B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $48.1B |
| PP&E (Net) | $12.4B |
| Goodwill | $3.0B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $199M |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $21.3B |
| TOTAL ASSETS | $69.4B |
| Account Payables | $9.5B |
| Short-Term Debt | $15.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25.1B |
| Long-Term Debt | $26.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $525M |
| Other Non-Current Liabilities | $6.5B |
| TOTAL NON-CURRENT LIABILITIES | $33.9B |
| TOTAL LIABILITIES | $59.0B |
| Common Stock | $4.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $26.3B |
| Treasury Stock | -$15.8B |
| Accum. Other Comp. Income | -$4.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.4B |
| Minority Interest | $24M |
| TOTAL EQUITY | $10.4B |
| TOTAL LIABILITIES & EQUITY | $69.4B |
| Total Debt | $42.4B |
| Net Debt | $38.4B |
