| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32.3B | $28.1B | $27.9B | 14.8% | 15.7% |
| Op. Income | $10.7B | $8.3B | $8.3B | 29.2% | 27.8% |
| Gross Margin | 82.8% | 81.2% | 84.6% | 1.6pp | -1.8pp |
| Net Margin | 27.0% | 15.1% | 23.1% | 11.9pp | 3.9pp |
| EPS (Diluted) | $2.37 | $1.08 | $1.65 | 119.4% | 43.6% |
| Free Cash Flow | -$35.1B | $13.5B | -$22.6B | -359.4% | -55.6% |
| Item | Amount |
|---|---|
| REVENUE | $32.3B |
| Cost of Revenue | $5.5B |
| GROSS PROFIT | $26.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $800M |
| General & Administrative | $8.9B |
| SG&A Expenses | $9.7B |
| Other Expenses | $6.4B |
| Operating Expenses | $16.1B |
| Cost & Expenses | $21.6B |
| OPERATING INCOME | $10.7B |
| Interest Income | $17.7B |
| Interest Expense | $4.4B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10.7B |
| Income Tax Expense | $1.9B |
| Net Income from Continuing Ops | $8.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.2B |
| D&A | $1.8B |
| EBIT | $10.7B |
| EBITDA | $12.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $32.3B |
| Cost of Revenue | $5.5B |
| GROSS PROFIT | $26.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $800M |
| General & Administrative | $8.9B |
| SG&A Expenses | $9.7B |
| Other Expenses | $6.4B |
| Operating Expenses | $16.1B |
| Cost & Expenses | $21.6B |
| OPERATING INCOME | $10.7B |
| Interest Income | $17.7B |
| Interest Expense | $4.4B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10.7B |
| Income Tax Expense | $1.9B |
| Net Income from Continuing Ops | $8.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8.2B |
| D&A | $1.8B |
| EBIT | $10.7B |
| EBITDA | $12.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $8.7B |
| Depreciation & Amortization | $1.8B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$175M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$45.5B |
| OPERATING CASH FLOW | -$35.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19.4B |
| Sales/Maturities of Investments | $28.2B |
| Other Investing Activities | -$53.8B |
| NET CASH FROM INVESTING | -$45.0B |
| Net Debt Issuance | -$942M |
| Common Stock Repurchased | -$4.7B |
| Common Dividends Paid | -$2.2B |
| Other Financing Activities | $68.4B |
| NET CASH FROM FINANCING | $60.6B |
| FREE CASH FLOW | -$35.1B |
| Net Change in Cash | -$16.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $414.8B |
| Short-Term Investments | $209.1B |
| Net Receivables | $72.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $696.6B |
| PP&E (Net) | $14.4B |
| Goodwill | $47.5B |
| Intangible Assets | $7.0B |
| Long-Term Investments | $934.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $909.8B |
| TOTAL NON-CURRENT ASSETS | $1.9T |
| TOTAL ASSETS | $2.6T |
| Account Payables | $192.3B |
| Short-Term Debt | $206.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6T |
| TOTAL CURRENT LIABILITIES | $1.8T |
| Long-Term Debt | $308.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $214.6B |
| TOTAL NON-CURRENT LIABILITIES | $523.5B |
| TOTAL LIABILITIES | $2.4T |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $89.2B |
| Retained Earnings | $183.9B |
| Treasury Stock | -$46.0B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | -$21M |
| TOTAL STOCKHOLDERS' EQUITY | $256.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $256.2B |
| TOTAL LIABILITIES & EQUITY | $2.6T |
| Total Debt | $515.5B |
| Net Debt | $100.7B |
