| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $848M | $892M | $674M | -5.0% | 25.7% |
| Op. Income | $277M | $327M | $192M | -15.4% | 44.5% |
| Gross Margin | 70.1% | 71.0% | 69.1% | -0.9pp | 0.9pp |
| Net Margin | 33.9% | -4.3% | 26.7% | 38.3pp | 7.3pp |
| EPS (Diluted) | $0.81 | $-0.12 | $0.52 | 775.0% | 55.8% |
| Free Cash Flow | $240M | $301M | $189M | -20.2% | 27.4% |
| Item | Amount |
|---|---|
| REVENUE | $848M |
| Cost of Revenue | $254M |
| GROSS PROFIT | $594M |
| R&D Expenses | $96M |
| Selling & Marketing | $0 |
| General & Administrative | $222M |
| SG&A Expenses | $222M |
| Other Expenses | $0 |
| Operating Expenses | $317M |
| Cost & Expenses | $571M |
| OPERATING INCOME | $277M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $290M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $287M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $288M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $288M |
| D&A | $26M |
| EBIT | $277M |
| EBITDA | $303M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $848M |
| Cost of Revenue | $254M |
| GROSS PROFIT | $594M |
| R&D Expenses | $96M |
| Selling & Marketing | $0 |
| General & Administrative | $222M |
| SG&A Expenses | $222M |
| Other Expenses | $0 |
| Operating Expenses | $317M |
| Cost & Expenses | $571M |
| OPERATING INCOME | $277M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $290M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $287M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $288M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $288M |
| D&A | $26M |
| EBIT | $277M |
| EBITDA | $303M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $287M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$136M |
| OPERATING CASH FLOW | $280M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | $40M |
| Purchases of Investments | -$434M |
| Sales/Maturities of Investments | $527M |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | $54M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$95M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $240M |
| Net Change in Cash | $327M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.1B |
| Short-Term Investments | $0 |
| Net Receivables | $475M |
| Inventory | $284M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $662M |
| Goodwill | $201M |
| Intangible Assets | $204M |
| Long-Term Investments | $1.6B |
| Tax Assets | $427M |
| Other Non-Current Assets | -$1.7B |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $96M |
| Short-Term Debt | $0 |
| Deferred Revenue | $280M |
| Other Current Liabilities | $127M |
| TOTAL CURRENT LIABILITIES | $920M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $313M |
| TOTAL NON-CURRENT LIABILITIES | $339M |
| TOTAL LIABILITIES | $920M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | $698M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $9M |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $0 |
| Net Debt | -$4.1B |
