| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $7.3B | $7.8B | -11.1% | -16.5% |
| Op. Income | $3.8B | $4.0B | $4.7B | -6.9% | -19.0% |
| Gross Margin | 85.3% | 85.3% | 84.7% | -0.0pp | 0.6pp |
| Net Margin | 41.5% | 42.5% | 45.8% | -0.9pp | -4.2pp |
| EPS (Diluted) | $2.05 | $2.34 | $2.53 | -12.4% | -19.0% |
| Free Cash Flow | $2.8B | $3.3B | $4.0B | -15.4% | -29.0% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $957M |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $931M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $850M |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $3.8B |
| Interest Income | $0 |
| Interest Expense | $261M |
| Other Income/Expenses | -$150M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | $918M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $294M |
| EBIT | $3.9B |
| EBITDA | $4.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $957M |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $931M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $850M |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $3.8B |
| Interest Income | $0 |
| Interest Expense | $261M |
| Other Income/Expenses | -$150M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | $918M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $294M |
| EBIT | $3.9B |
| EBITDA | $4.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.7B |
| Depreciation & Amortization | $294M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | $58M |
| Other Non-Cash Items | $39M |
| Change in Working Capital | -$254M |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$118M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.5B |
| Sales/Maturities of Investments | $3.9B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $307M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | -$565M |
| Common Dividends Paid | -$687M |
| Other Financing Activities | -$58M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | $2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.3B |
| Short-Term Investments | $3.8B |
| Net Receivables | $4.0B |
| Inventory | $1.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $21.4B |
| PP&E (Net) | $2.9B |
| Goodwill | $1.2B |
| Intangible Assets | $8.8B |
| Long-Term Investments | $19.9B |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $36.3B |
| TOTAL ASSETS | $57.7B |
| Account Payables | $944M |
| Short-Term Debt | $0 |
| Deferred Revenue | $245M |
| Other Current Liabilities | $244M |
| TOTAL CURRENT LIABILITIES | $8.3B |
| Long-Term Debt | $26.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $28.5B |
| TOTAL LIABILITIES | $36.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $616M |
| Retained Earnings | $19.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $260M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.4B |
| Minority Interest | $476M |
| TOTAL EQUITY | $20.9B |
| TOTAL LIABILITIES & EQUITY | $57.7B |
| Total Debt | $26.3B |
| Net Debt | $16.0B |
