| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23.9B | $25.0B | $22.2B | -4.6% | 7.5% |
| Op. Income | $3.2B | $3.7B | $2.9B | -13.3% | 9.0% |
| Gross Margin | 33.9% | 34.6% | 34.0% | -0.7pp | -0.1pp |
| Net Margin | 7.4% | 8.7% | 7.9% | -1.2pp | -0.4pp |
| EPS (Diluted) | $1.52 | $1.84 | $1.44 | -17.4% | 5.6% |
| Free Cash Flow | $1.7B | $1.4B | $1.4B | 27.4% | 25.9% |
| Item | Amount |
|---|---|
| REVENUE | $23.9B |
| Cost of Revenue | $15.8B |
| GROSS PROFIT | $8.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $797M |
| General & Administrative | $3.5B |
| SG&A Expenses | $4.3B |
| Other Expenses | $634M |
| Operating Expenses | $4.9B |
| Cost & Expenses | $20.7B |
| OPERATING INCOME | $3.2B |
| Interest Income | $23M |
| Interest Expense | $269M |
| Other Income/Expenses | -$246M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $529M |
| EBIT | $3.2B |
| EBITDA | $3.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $23.9B |
| Cost of Revenue | $15.8B |
| GROSS PROFIT | $8.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $797M |
| General & Administrative | $3.5B |
| SG&A Expenses | $4.3B |
| Other Expenses | $634M |
| Operating Expenses | $4.9B |
| Cost & Expenses | $20.7B |
| OPERATING INCOME | $3.2B |
| Interest Income | $23M |
| Interest Expense | $269M |
| Other Income/Expenses | -$246M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $529M |
| EBIT | $3.2B |
| EBITDA | $3.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $529M |
| Stock-Based Compensation | $59M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | $2.3B |
| Capital Expenditure | -$543M |
| Acquisitions (Net) | -$114M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$652M |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | -$1.9B |
| Common Dividends Paid | -$1.0B |
| Other Financing Activities | -$72M |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $12.7B |
| Other Current Assets | $638M |
| TOTAL CURRENT ASSETS | $18.9B |
| PP&E (Net) | $22.1B |
| Goodwill | $2.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $25.6B |
| TOTAL ASSETS | $44.5B |
| Account Payables | $7.2B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16.2B |
| Long-Term Debt | $24.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $440M |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $26.9B |
| TOTAL LIABILITIES | $43.1B |
| Common Stock | $89M |
| Additional Paid-In Capital | $10.2B |
| Retained Earnings | $39.9B |
| Treasury Stock | -$48.2B |
| Accum. Other Comp. Income | -$566M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $44.5B |
| Total Debt | $27.0B |
| Net Debt | $23.4B |
