| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.6B | $2.5B | -2.8% | 3.3% |
| Op. Income | $411M | $409M | $441M | 0.5% | -6.8% |
| Gross Margin | 25.4% | 25.2% | 27.7% | 0.3pp | -2.2pp |
| Net Margin | 16.2% | 13.2% | 13.1% | 3.1pp | 3.1pp |
| EPS (Diluted) | $2.89 | $2.39 | $2.22 | 20.9% | 30.2% |
| Free Cash Flow | $258M | $327M | $369M | -21.1% | -30.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $646M |
| R&D Expenses | $60M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $0 |
| Operating Expenses | $235M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $411M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | $48M |
| INCOME BEFORE TAX | $459M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $413M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $412M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $412M |
| D&A | $151M |
| EBIT | $515M |
| EBITDA | $666M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $646M |
| R&D Expenses | $60M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $0 |
| Operating Expenses | $235M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $411M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | $48M |
| INCOME BEFORE TAX | $459M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $413M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $412M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $412M |
| D&A | $151M |
| EBIT | $515M |
| EBITDA | $666M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $413M |
| Depreciation & Amortization | $151M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$192M |
| OPERATING CASH FLOW | $395M |
| Capital Expenditure | -$137M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$136M |
| Net Debt Issuance | -$54M |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | -$80M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$259M |
| FREE CASH FLOW | $258M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $193M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $1.6B |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $5.6B |
| Goodwill | $4.5B |
| Intangible Assets | $2.2B |
| Long-Term Investments | -$944M |
| Tax Assets | $944M |
| Other Non-Current Assets | $405M |
| TOTAL NON-CURRENT ASSETS | $12.7B |
| TOTAL ASSETS | $16.4B |
| Account Payables | $823M |
| Short-Term Debt | $728M |
| Deferred Revenue | $273M |
| Other Current Liabilities | $329M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $901M |
| Deferred Tax Liabilities | $944M |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $10.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $7.6B |
| Treasury Stock | -$3.5B |
| Accum. Other Comp. Income | -$194M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $75M |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $16.4B |
| Total Debt | $6.6B |
| Net Debt | $6.4B |
