| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $5.9B | $6.5B | -14.5% | -21.8% |
| Op. Income | $2.2B | $2.3B | $3.8B | -6.0% | -42.8% |
| Gross Margin | 80.3% | 78.9% | 85.3% | 1.4pp | -5.0pp |
| Net Margin | 30.2% | -65.0% | 41.5% | 95.2pp | -11.3pp |
| EPS (Diluted) | $1.17 | $-2.96 | $2.05 | 139.5% | -42.9% |
| Free Cash Flow | $2.1B | $2.5B | $2.8B | -18.8% | -26.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $937M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $997M |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $290M |
| Other Income/Expenses | -$120M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $494M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $357M |
| EBIT | $2.3B |
| EBITDA | $2.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $937M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $997M |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $2.2B |
| Interest Income | $0 |
| Interest Expense | $290M |
| Other Income/Expenses | -$120M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $494M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $357M |
| EBIT | $2.3B |
| EBITDA | $2.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $357M |
| Stock-Based Compensation | $220M |
| Deferred Income Tax | $35M |
| Other Non-Cash Items | $49M |
| Change in Working Capital | $70M |
| OPERATING CASH FLOW | $2.3B |
| Capital Expenditure | -$212M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$397M |
| Sales/Maturities of Investments | $5.0B |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | $4.4B |
| Net Debt Issuance | -$4.5B |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$753M |
| Other Financing Activities | -$414M |
| NET CASH FROM FINANCING | -$6.6B |
| FREE CASH FLOW | $2.1B |
| Net Change in Cash | $55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.6B |
| Short-Term Investments | $16.4B |
| Net Receivables | $3.8B |
| Inventory | $885M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $30.3B |
| PP&E (Net) | $3.4B |
| Goodwill | $4.2B |
| Intangible Assets | $16.8B |
| Long-Term Investments | $8.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $35.1B |
| TOTAL ASSETS | $65.4B |
| Account Payables | $711M |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $324M |
| TOTAL CURRENT LIABILITIES | $10.7B |
| Long-Term Debt | $26.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.5B |
| TOTAL NON-CURRENT LIABILITIES | $34.1B |
| TOTAL LIABILITIES | $44.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $19.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$170M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.6B |
| Minority Interest | $60M |
| TOTAL EQUITY | $20.7B |
| TOTAL LIABILITIES & EQUITY | $65.4B |
| Total Debt | $29.1B |
| Net Debt | $21.4B |
