| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $674M | $757M | $595M | -10.9% | 13.4% |
| Op. Income | $192M | $264M | $179M | -27.6% | 7.0% |
| Gross Margin | 69.1% | 69.7% | 68.1% | -0.5pp | 1.0pp |
| Net Margin | 26.7% | 27.0% | 22.9% | -0.3pp | 3.7pp |
| EPS (Diluted) | $0.52 | $0.57 | $0.39 | -8.8% | 33.3% |
| Free Cash Flow | $189M | $307M | $199M | -38.7% | -5.2% |
| Item | Amount |
|---|---|
| REVENUE | $674M |
| Cost of Revenue | $208M |
| GROSS PROFIT | $466M |
| R&D Expenses | $74M |
| Selling & Marketing | $0 |
| General & Administrative | $201M |
| SG&A Expenses | $201M |
| Other Expenses | $0 |
| Operating Expenses | $275M |
| Cost & Expenses | $483M |
| OPERATING INCOME | $192M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $23M |
| EBIT | $193M |
| EBITDA | $216M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $674M |
| Cost of Revenue | $208M |
| GROSS PROFIT | $466M |
| R&D Expenses | $74M |
| Selling & Marketing | $0 |
| General & Administrative | $201M |
| SG&A Expenses | $201M |
| Other Expenses | $0 |
| Operating Expenses | $275M |
| Cost & Expenses | $483M |
| OPERATING INCOME | $192M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $23M |
| EBIT | $193M |
| EBITDA | $216M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $180M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | $30M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $242M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $53M |
| Purchases of Investments | -$168M |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | -$53M |
| NET CASH FROM INVESTING | $1.3B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.0B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$47M |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $189M |
| Net Change in Cash | -$328M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $0 |
| Net Receivables | $413M |
| Inventory | $214M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $497M |
| Goodwill | $201M |
| Intangible Assets | $140M |
| Long-Term Investments | $1.7B |
| Tax Assets | $120M |
| Other Non-Current Assets | -$1.5B |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $74M |
| Short-Term Debt | $0 |
| Deferred Revenue | $287M |
| Other Current Liabilities | $125M |
| TOTAL CURRENT LIABILITIES | $681M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $122M |
| TOTAL NON-CURRENT LIABILITIES | $122M |
| TOTAL LIABILITIES | $681M |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | $263M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $0 |
| Net Debt | -$3.1B |
