| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26.3B | $30.5B | $25.0B | -13.7% | 5.1% |
| Op. Income | $3.9B | $4.9B | $3.7B | -21.0% | 5.2% |
| Gross Margin | 34.8% | 34.0% | 34.6% | 0.8pp | 0.2pp |
| Net Margin | 10.9% | 11.5% | 8.7% | -0.6pp | 2.2pp |
| EPS (Diluted) | $2.51 | $3.05 | $1.84 | -17.7% | 36.4% |
| Free Cash Flow | $1.5B | $3.4B | $1.4B | -55.5% | 10.1% |
| Item | Amount |
|---|---|
| REVENUE | $26.3B |
| Cost of Revenue | $17.2B |
| GROSS PROFIT | $9.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4.8B |
| SG&A Expenses | $4.8B |
| Other Expenses | $473M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $22.4B |
| OPERATING INCOME | $3.9B |
| Interest Income | $25M |
| Interest Expense | $249M |
| Other Income/Expenses | -$224M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | $779M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $541M |
| EBIT | $3.9B |
| EBITDA | $4.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $26.3B |
| Cost of Revenue | $17.2B |
| GROSS PROFIT | $9.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4.8B |
| SG&A Expenses | $4.8B |
| Other Expenses | $473M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $22.4B |
| OPERATING INCOME | $3.9B |
| Interest Income | $25M |
| Interest Expense | $249M |
| Other Income/Expenses | -$224M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | $779M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $541M |
| EBIT | $3.9B |
| EBITDA | $4.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.9B |
| Depreciation & Amortization | $541M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | $56M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$1.4B |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$620M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$618M |
| Net Debt Issuance | $234M |
| Common Stock Repurchased | -$2.4B |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$43M |
| NET CASH FROM FINANCING | -$3.4B |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | -$1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $14.8B |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $19.8B |
| PP&E (Net) | $22.1B |
| Goodwill | $2.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $25.4B |
| TOTAL ASSETS | $45.2B |
| Account Payables | $9.1B |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18.2B |
| Long-Term Debt | $23.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $25.7B |
| TOTAL LIABILITIES | $43.9B |
| Common Stock | $89M |
| Additional Paid-In Capital | $10.4B |
| Retained Earnings | $45.2B |
| Treasury Stock | -$53.7B |
| Accum. Other Comp. Income | -$717M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $45.2B |
| Total Debt | $25.8B |
| Net Debt | $24.0B |
