| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.3B | $20.8B | $19.6B | -2.3% | 3.6% |
| Op. Income | $5.7B | $5.5B | $4.7B | 3.4% | 21.0% |
| Gross Margin | 67.6% | 66.7% | 64.8% | 0.9pp | 2.9pp |
| Net Margin | 19.3% | 19.0% | 19.2% | 0.4pp | 0.2pp |
| EPS (Diluted) | $1.44 | $1.45 | $1.37 | -0.7% | 5.1% |
| Free Cash Flow | $5.5B | $5.2B | $5.5B | 4.8% | -0.4% |
| Item | Amount |
|---|---|
| REVENUE | $20.3B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $13.8B |
| R&D Expenses | $2.5B |
| Selling & Marketing | $0 |
| General & Administrative | $5.5B |
| SG&A Expenses | $5.5B |
| Other Expenses | $0 |
| Operating Expenses | $8.1B |
| Cost & Expenses | $14.6B |
| OPERATING INCOME | $5.7B |
| Interest Income | $175M |
| Interest Expense | $243M |
| Other Income/Expenses | -$1.3B |
| INCOME BEFORE TAX | $4.4B |
| Income Tax Expense | $489M |
| Net Income from Continuing Ops | $3.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $1.7B |
| EBIT | $4.7B |
| EBITDA | $6.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $20.3B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $13.8B |
| R&D Expenses | $2.5B |
| Selling & Marketing | $0 |
| General & Administrative | $5.5B |
| SG&A Expenses | $5.5B |
| Other Expenses | $0 |
| Operating Expenses | $8.1B |
| Cost & Expenses | $14.6B |
| OPERATING INCOME | $5.7B |
| Interest Income | $175M |
| Interest Expense | $243M |
| Other Income/Expenses | -$1.3B |
| INCOME BEFORE TAX | $4.4B |
| Income Tax Expense | $489M |
| Net Income from Continuing Ops | $3.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $1.7B |
| EBIT | $4.7B |
| EBITDA | $6.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.9B |
| Depreciation & Amortization | $1.7B |
| Stock-Based Compensation | $242M |
| Deferred Income Tax | $338M |
| Other Non-Cash Items | $1.2B |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | $6.3B |
| Capital Expenditure | -$819M |
| Acquisitions (Net) | -$675M |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $419M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$4.3B |
| Net Debt Issuance | -$817M |
| Common Stock Repurchased | -$471M |
| Common Dividends Paid | -$2.4B |
| Other Financing Activities | $226M |
| NET CASH FROM FINANCING | -$3.5B |
| FREE CASH FLOW | $5.5B |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16.1B |
| Short-Term Investments | $3.3B |
| Net Receivables | $14.0B |
| Inventory | $8.7B |
| Other Current Assets | $2.2B |
| TOTAL CURRENT ASSETS | $47.2B |
| PP&E (Net) | $16.6B |
| Goodwill | $30.7B |
| Intangible Assets | $48.6B |
| Long-Term Investments | $0 |
| Tax Assets | $8.1B |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $108.5B |
| TOTAL ASSETS | $155.7B |
| Account Payables | $7.0B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $27.4B |
| Long-Term Debt | $29.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.7B |
| Other Non-Current Liabilities | $26.4B |
| TOTAL NON-CURRENT LIABILITIES | $63.6B |
| TOTAL LIABILITIES | $91.1B |
| Common Stock | $3.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $107.6B |
| Treasury Stock | -$31.5B |
| Accum. Other Comp. Income | -$14.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $64.6B |
| TOTAL LIABILITIES & EQUITY | $155.7B |
| Total Debt | $31.3B |
| Net Debt | $15.2B |
