| Metric | Q3 2016 | Q2 2016 | Q3 2015 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27.1B | $26.8B | — | 1.1% | — |
| Op. Income | $8.9B | $9.3B | — | -4.3% | — |
| Gross Margin | 86.2% | 85.6% | — | 0.6pp | — |
| Net Margin | 23.2% | 23.1% | — | 0.1pp | — |
| EPS (Diluted) | $1.58 | $1.55 | — | 1.9% | — |
| Free Cash Flow | $4.2B | -$1.5B | — | 375.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $27.1B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $23.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $825M |
| General & Administrative | $7.7B |
| SG&A Expenses | $8.5B |
| Other Expenses | $6.0B |
| Operating Expenses | $14.5B |
| Cost & Expenses | $18.2B |
| OPERATING INCOME | $8.9B |
| Interest Income | $14.1B |
| Interest Expense | $2.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.9B |
| Income Tax Expense | $2.7B |
| Net Income from Continuing Ops | $6.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.8B |
| D&A | $1.4B |
| EBIT | $8.9B |
| EBITDA | $10.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $27.1B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $23.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $825M |
| General & Administrative | $7.7B |
| SG&A Expenses | $8.5B |
| Other Expenses | $6.0B |
| Operating Expenses | $14.5B |
| Cost & Expenses | $18.2B |
| OPERATING INCOME | $8.9B |
| Interest Income | $14.1B |
| Interest Expense | $2.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.9B |
| Income Tax Expense | $2.7B |
| Net Income from Continuing Ops | $6.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.8B |
| D&A | $1.4B |
| EBIT | $8.9B |
| EBITDA | $10.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $6.3B |
| Depreciation & Amortization | $1.4B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $274M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$10.0B |
| OPERATING CASH FLOW | $4.2B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24.8B |
| Sales/Maturities of Investments | $30.7B |
| Other Investing Activities | -$66.0B |
| NET CASH FROM INVESTING | -$60.0B |
| Net Debt Issuance | $16.1B |
| Common Stock Repurchased | -$2.3B |
| Common Dividends Paid | -$2.1B |
| Other Financing Activities | $45.8B |
| NET CASH FROM FINANCING | $57.5B |
| FREE CASH FLOW | $4.2B |
| Net Change in Cash | $1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $417.6B |
| Short-Term Investments | $220.4B |
| Net Receivables | $64.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $702.3B |
| PP&E (Net) | $14.2B |
| Goodwill | $47.3B |
| Intangible Assets | $5.8B |
| Long-Term Investments | $974.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $776.7B |
| TOTAL NON-CURRENT ASSETS | $1.8T |
| TOTAL ASSETS | $2.5T |
| Account Payables | $190.4B |
| Short-Term Debt | $180.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5T |
| TOTAL CURRENT LIABILITIES | $1.7T |
| Long-Term Debt | $329.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $236.6B |
| TOTAL NON-CURRENT LIABILITIES | $566.5B |
| TOTAL LIABILITIES | $2.3T |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $92.1B |
| Retained Earnings | $157.9B |
| Treasury Stock | -$27.3B |
| Accum. Other Comp. Income | $1.5B |
| Other Equity | -$21M |
| TOTAL STOCKHOLDERS' EQUITY | $254.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $254.3B |
| TOTAL LIABILITIES & EQUITY | $2.5T |
| Total Debt | $510.7B |
| Net Debt | $93.1B |
