| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.1B | 2.3% | 7.1% |
| Op. Income | $412M | $365M | $313M | 12.8% | 31.6% |
| Gross Margin | 84.6% | 86.9% | 86.5% | -2.2pp | -1.9pp |
| Net Margin | 35.1% | 22.8% | 20.8% | 12.3pp | 14.3pp |
| EPS (Diluted) | $0.37 | $0.23 | $0.18 | 60.9% | 105.6% |
| Free Cash Flow | $798M | $515M | $473M | 55.0% | 68.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $189M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $392M |
| SG&A Expenses | $402M |
| Other Expenses | $228M |
| Operating Expenses | $630M |
| Cost & Expenses | $819M |
| OPERATING INCOME | $412M |
| Interest Income | $893M |
| Interest Expense | $124M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $412M |
| Income Tax Expense | -$20M |
| Net Income from Continuing Ops | $432M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $432M |
| Net Income Deductions | -$31M |
| BOTTOM LINE NET INCOME | $443M |
| D&A | $106M |
| EBIT | $412M |
| EBITDA | $518M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $189M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $392M |
| SG&A Expenses | $402M |
| Other Expenses | $228M |
| Operating Expenses | $630M |
| Cost & Expenses | $819M |
| OPERATING INCOME | $412M |
| Interest Income | $893M |
| Interest Expense | $124M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $412M |
| Income Tax Expense | -$20M |
| Net Income from Continuing Ops | $432M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $432M |
| Net Income Deductions | -$31M |
| BOTTOM LINE NET INCOME | $443M |
| D&A | $106M |
| EBIT | $412M |
| EBITDA | $518M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $432M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $132M |
| Other Non-Cash Items | $69M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $848M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.9B |
| Sales/Maturities of Investments | $2.4B |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$2.2B |
| Net Debt Issuance | $3.2B |
| Common Stock Repurchased | -$137M |
| Common Dividends Paid | -$87M |
| Other Financing Activities | -$1.3B |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | $798M |
| Net Change in Cash | $326M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $14.9B |
| Net Receivables | $2.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $18.7B |
| PP&E (Net) | $864M |
| Goodwill | $2.0B |
| Intangible Assets | $584M |
| Long-Term Investments | $79.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.1B |
| TOTAL NON-CURRENT ASSETS | $85.6B |
| TOTAL ASSETS | $104.2B |
| Account Payables | $0 |
| Short-Term Debt | $5.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $77.0B |
| TOTAL CURRENT LIABILITIES | $84.2B |
| Long-Term Debt | $9.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9.2B |
| TOTAL LIABILITIES | $93.4B |
| Common Stock | $11M |
| Additional Paid-In Capital | $9.7B |
| Retained Earnings | $588M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | -$528M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.8B |
| TOTAL LIABILITIES & EQUITY | $104.2B |
| Total Debt | $14.3B |
| Net Debt | $12.7B |
