| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $806M | $756M | $683M | 6.6% | 18.0% |
| Op. Income | $279M | $258M | $256M | 8.2% | 8.7% |
| Gross Margin | 70.3% | 69.8% | 71.3% | 0.5pp | -1.0pp |
| Net Margin | 36.9% | 29.3% | 30.9% | 7.6pp | 6.0pp |
| EPS (Diluted) | $0.85 | $0.64 | $0.59 | 32.8% | 44.1% |
| Free Cash Flow | $303M | $161M | $245M | 87.7% | 23.7% |
| Item | Amount |
|---|---|
| REVENUE | $806M |
| Cost of Revenue | $239M |
| GROSS PROFIT | $567M |
| R&D Expenses | $83M |
| Selling & Marketing | $0 |
| General & Administrative | $205M |
| SG&A Expenses | $205M |
| Other Expenses | $0 |
| Operating Expenses | $288M |
| Cost & Expenses | $528M |
| OPERATING INCOME | $279M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $289M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | $298M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $298M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $299M |
| D&A | $25M |
| EBIT | $281M |
| EBITDA | $306M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $806M |
| Cost of Revenue | $239M |
| GROSS PROFIT | $567M |
| R&D Expenses | $83M |
| Selling & Marketing | $0 |
| General & Administrative | $205M |
| SG&A Expenses | $205M |
| Other Expenses | $0 |
| Operating Expenses | $288M |
| Cost & Expenses | $528M |
| OPERATING INCOME | $279M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $289M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | $298M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $298M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $299M |
| D&A | $25M |
| EBIT | $281M |
| EBITDA | $306M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $298M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $354M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | $51M |
| Purchases of Investments | -$415M |
| Sales/Maturities of Investments | $207M |
| Other Investing Activities | -$51M |
| NET CASH FROM INVESTING | -$260M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $84M |
| FREE CASH FLOW | $303M |
| Net Change in Cash | $179M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.8B |
| Short-Term Investments | $0 |
| Net Receivables | $468M |
| Inventory | $225M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $585M |
| Goodwill | $201M |
| Intangible Assets | $155M |
| Long-Term Investments | $1.7B |
| Tax Assets | $120M |
| Other Non-Current Assets | -$1.4B |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $80M |
| Short-Term Debt | $0 |
| Deferred Revenue | $295M |
| Other Current Liabilities | $128M |
| TOTAL CURRENT LIABILITIES | $685M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $69M |
| TOTAL LIABILITIES | $685M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $777M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $2M |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $0 |
| Net Debt | -$3.8B |
