| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $7.1B | $7.5B | -8.8% | -13.2% |
| Op. Income | $3.8B | $4.3B | $4.4B | -10.4% | -13.3% |
| Gross Margin | 84.2% | 84.2% | 84.9% | -0.1pp | -0.8pp |
| Net Margin | 41.7% | 43.0% | 44.4% | -1.3pp | -2.7pp |
| EPS (Diluted) | $2.06 | $2.33 | $2.49 | -11.6% | -17.3% |
| Free Cash Flow | $2.6B | $3.4B | $4.2B | -24.6% | -38.9% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $789M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $879M |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $3.8B |
| Interest Income | $0 |
| Interest Expense | $291M |
| Other Income/Expenses | -$141M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $959M |
| 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 | $297M |
| EBIT | $4.0B |
| EBITDA | $4.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $789M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $879M |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $3.8B |
| Interest Income | $0 |
| Interest Expense | $291M |
| Other Income/Expenses | -$141M |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $959M |
| 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 | $297M |
| EBIT | $4.0B |
| EBITDA | $4.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.7B |
| Depreciation & Amortization | $297M |
| Stock-Based Compensation | $113M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$455M |
| OPERATING CASH FLOW | $2.7B |
| Capital Expenditure | -$129M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.5B |
| Sales/Maturities of Investments | $3.6B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | $3.0B |
| Common Stock Repurchased | -$153M |
| Common Dividends Paid | -$682M |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | $2.2B |
| FREE CASH FLOW | $2.6B |
| Net Change in Cash | $2.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.5B |
| Short-Term Investments | $16.9B |
| Net Receivables | $4.1B |
| Inventory | $1.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $35.3B |
| PP&E (Net) | $3.1B |
| Goodwill | $1.2B |
| Intangible Assets | $8.3B |
| Long-Term Investments | $13.0B |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $29.3B |
| TOTAL ASSETS | $64.7B |
| Account Payables | $696M |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $339M |
| TOTAL CURRENT LIABILITIES | $9.6B |
| Long-Term Debt | $27.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $29.8B |
| TOTAL LIABILITIES | $39.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $906M |
| Retained Earnings | $23.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $249M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.8B |
| Minority Interest | $409M |
| TOTAL EQUITY | $25.3B |
| TOTAL LIABILITIES & EQUITY | $64.7B |
| Total Debt | $29.3B |
| Net Debt | $17.8B |
