| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $1.6B | -6.4% | -3.0% |
| Op. Income | $305M | $356M | $338M | -14.3% | -9.7% |
| Gross Margin | 51.6% | 49.8% | 49.0% | 1.8pp | 2.6pp |
| Net Margin | 21.4% | 15.9% | 13.8% | 5.5pp | 7.6pp |
| EPS (Diluted) | $0.95 | $0.76 | $0.64 | 25.0% | 48.4% |
| Free Cash Flow | $415M | $287M | $278M | 44.6% | 49.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $764M |
| GROSS PROFIT | $814M |
| R&D Expenses | $100M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $409M |
| Other Expenses | $0 |
| Operating Expenses | $509M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $305M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $287M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $298M |
| Net Income from Discontinued Ops | $39M |
| Other Adjustments | $0 |
| NET INCOME | $337M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $337M |
| D&A | $45M |
| EBIT | $311M |
| EBITDA | $356M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $764M |
| GROSS PROFIT | $814M |
| R&D Expenses | $100M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $409M |
| Other Expenses | $0 |
| Operating Expenses | $509M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $305M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $287M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $298M |
| Net Income from Discontinued Ops | $39M |
| Other Adjustments | $0 |
| NET INCOME | $337M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $337M |
| D&A | $45M |
| EBIT | $311M |
| EBITDA | $356M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $337M |
| Depreciation & Amortization | $60M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$78M |
| Other Non-Cash Items | $73M |
| Change in Working Capital | $60M |
| OPERATING CASH FLOW | $463M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | -$755M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | -$781M |
| Net Debt Issuance | $381M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$24M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $359M |
| FREE CASH FLOW | $415M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $962M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $581M |
| Other Current Assets | $204M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $610M |
| Goodwill | $5.1B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $10.5B |
| Account Payables | $629M |
| Short-Term Debt | $0 |
| Deferred Revenue | $211M |
| Other Current Liabilities | $552M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $87M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $947M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $4M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $18M |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $10.5B |
| Total Debt | $4.1B |
| Net Debt | $3.1B |
