| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.8B | $20.0B | $19.2B | -6.2% | -2.1% |
| Op. Income | $3.5B | $3.3B | $3.4B | 6.1% | 2.0% |
| Gross Margin | 46.9% | 46.0% | 46.9% | 0.9pp | 0.0pp |
| Net Margin | 14.4% | 12.0% | 14.2% | 2.4pp | 0.1pp |
| EPS (Diluted) | $2.94 | $2.61 | $2.92 | 12.6% | 0.7% |
| Free Cash Flow | $3.3B | $1.2B | $2.6B | 169.9% | 26.6% |
| Item | Amount |
|---|---|
| REVENUE | $18.8B |
| Cost of Revenue | $10.0B |
| GROSS PROFIT | $8.8B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $323M |
| General & Administrative | $3.9B |
| SG&A Expenses | $4.2B |
| Other Expenses | -$165M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $15.3B |
| OPERATING INCOME | $3.5B |
| Interest Income | $70M |
| Interest Expense | $191M |
| Other Income/Expenses | -$471M |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $304M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $1.1B |
| EBIT | $3.2B |
| EBITDA | $4.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $18.8B |
| Cost of Revenue | $10.0B |
| GROSS PROFIT | $8.8B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $323M |
| General & Administrative | $3.9B |
| SG&A Expenses | $4.2B |
| Other Expenses | -$165M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $15.3B |
| OPERATING INCOME | $3.5B |
| Interest Income | $70M |
| Interest Expense | $191M |
| Other Income/Expenses | -$471M |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $304M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $1.1B |
| EBIT | $3.2B |
| EBITDA | $4.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.7B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $129M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$24M |
| Change in Working Capital | $295M |
| OPERATING CASH FLOW | $4.2B |
| Capital Expenditure | -$955M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$175M |
| NET CASH FROM INVESTING | -$3.0B |
| Net Debt Issuance | $1.6B |
| Common Stock Repurchased | -$631M |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | $31M |
| NET CASH FROM FINANCING | -$436M |
| FREE CASH FLOW | $3.3B |
| Net Change in Cash | $771M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.6B |
| Short-Term Investments | $2.9B |
| Net Receivables | $27.1B |
| Inventory | $1.9B |
| Other Current Assets | $2.7B |
| TOTAL CURRENT ASSETS | $48.3B |
| PP&E (Net) | $10.9B |
| Goodwill | $36.5B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $2.3B |
| Tax Assets | $4.4B |
| Other Non-Current Assets | $16.4B |
| TOTAL NON-CURRENT ASSETS | $73.7B |
| TOTAL ASSETS | $122.0B |
| Account Payables | $5.4B |
| Short-Term Debt | $10.9B |
| Deferred Revenue | $10.7B |
| Other Current Liabilities | $3.6B |
| TOTAL CURRENT LIABILITIES | $36.8B |
| Long-Term Debt | $36.0B |
| Deferred Revenue NC | $3.5B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25.8B |
| TOTAL NON-CURRENT LIABILITIES | $65.3B |
| TOTAL LIABILITIES | $102.1B |
| Common Stock | $55.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $158.6B |
| Treasury Stock | -$166.0B |
| Accum. Other Comp. Income | -$27.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.8B |
| Minority Interest | $134M |
| TOTAL EQUITY | $19.9B |
| TOTAL LIABILITIES & EQUITY | $122.0B |
| Total Debt | $46.9B |
| Net Debt | $35.4B |
