| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.5B | — | -6.7% | — |
| Op. Income | $528M | $609M | — | -13.2% | — |
| Gross Margin | 31.2% | 30.1% | — | 1.2pp | — |
| Net Margin | 13.4% | 10.5% | — | 2.8pp | — |
| EPS (Diluted) | $0.44 | $0.37 | — | 18.6% | — |
| Free Cash Flow | $592M | $463M | — | 27.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $665M |
| Other Expenses | $133M |
| Operating Expenses | $798M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $528M |
| Interest Income | $364M |
| Interest Expense | $118M |
| Other Income/Expenses | $148M |
| INCOME BEFORE TAX | $677M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $578M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $567M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $567M |
| D&A | $434M |
| EBIT | $658M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $665M |
| Other Expenses | $133M |
| Operating Expenses | $798M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $528M |
| Interest Income | $364M |
| Interest Expense | $118M |
| Other Income/Expenses | $148M |
| INCOME BEFORE TAX | $677M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $578M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $567M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $567M |
| D&A | $434M |
| EBIT | $658M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $567M |
| Depreciation & Amortization | $434M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$197M |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | $729M |
| Capital Expenditure | -$137M |
| Acquisitions (Net) | $109M |
| Purchases of Investments | -$2.2B |
| Sales/Maturities of Investments | $2.0B |
| Other Investing Activities | -$703M |
| NET CASH FROM INVESTING | -$945M |
| Net Debt Issuance | $318M |
| Common Stock Repurchased | -$6.3K |
| Common Dividends Paid | -$217M |
| Other Financing Activities | $300M |
| NET CASH FROM FINANCING | $401M |
| FREE CASH FLOW | $592M |
| Net Change in Cash | $310M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.7B |
| Short-Term Investments | $0 |
| Net Receivables | $27.2B |
| Inventory | $865M |
| Other Current Assets | $712M |
| TOTAL CURRENT ASSETS | $39.5B |
| PP&E (Net) | $3.2B |
| Goodwill | $2.5B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $12.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.2B |
| TOTAL NON-CURRENT ASSETS | $33.0B |
| TOTAL ASSETS | $72.4B |
| Account Payables | $1.3B |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.6B |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $24.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24.2B |
| TOTAL NON-CURRENT LIABILITIES | $48.6B |
| TOTAL LIABILITIES | $54.8B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $14.2B |
| Treasury Stock | -$477M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.7B |
| Minority Interest | $911M |
| TOTAL EQUITY | $17.6B |
| TOTAL LIABILITIES & EQUITY | $72.4B |
| Total Debt | $26.7B |
| Net Debt | $18.9B |
