| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29.5B | $28.5B | $27.1B | 3.3% | 8.6% |
| Op. Income | $9.6B | $9.7B | $8.9B | -2.0% | 6.9% |
| Gross Margin | 81.9% | 83.7% | 86.2% | -1.8pp | -4.4pp |
| Net Margin | 22.8% | 24.6% | 23.2% | -1.8pp | -0.3pp |
| EPS (Diluted) | $1.76 | $1.82 | $1.58 | -3.3% | 11.4% |
| Free Cash Flow | -$4.9B | $4.1B | $4.2B | -220.2% | -216.8% |
| Item | Amount |
|---|---|
| REVENUE | $29.5B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $24.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $710M |
| General & Administrative | $7.7B |
| SG&A Expenses | $8.4B |
| Other Expenses | $6.2B |
| Operating Expenses | $14.6B |
| Cost & Expenses | $19.9B |
| OPERATING INCOME | $9.6B |
| Interest Income | $16.7B |
| Interest Expense | $3.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9.6B |
| Income Tax Expense | $2.8B |
| Net Income from Continuing Ops | $6.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.3B |
| D&A | $1.6B |
| EBIT | $9.6B |
| EBITDA | $11.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $29.5B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $24.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $710M |
| General & Administrative | $7.7B |
| SG&A Expenses | $8.4B |
| Other Expenses | $6.2B |
| Operating Expenses | $14.6B |
| Cost & Expenses | $19.9B |
| OPERATING INCOME | $9.6B |
| Interest Income | $16.7B |
| Interest Expense | $3.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9.6B |
| Income Tax Expense | $2.8B |
| Net Income from Continuing Ops | $6.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.3B |
| D&A | $1.6B |
| EBIT | $9.6B |
| EBITDA | $11.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $6.7B |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$19.7B |
| OPERATING CASH FLOW | -$4.9B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$28.7B |
| Sales/Maturities of Investments | $29.9B |
| Other Investing Activities | $21.9B |
| NET CASH FROM INVESTING | $23.2B |
| Net Debt Issuance | -$6.6B |
| Common Stock Repurchased | -$4.8B |
| Common Dividends Paid | -$2.1B |
| Other Financing Activities | $2.0B |
| NET CASH FROM FINANCING | -$11.5B |
| FREE CASH FLOW | -$4.9B |
| Net Change in Cash | $8.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $457.8B |
| Short-Term Investments | $216.2B |
| Net Receivables | $61.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $735.8B |
| PP&E (Net) | $14.2B |
| Goodwill | $47.3B |
| Intangible Assets | $6.5B |
| Long-Term Investments | $931.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $827.9B |
| TOTAL NON-CURRENT ASSETS | $1.8T |
| TOTAL ASSETS | $2.6T |
| Account Payables | $196.8B |
| Short-Term Debt | $193.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5T |
| TOTAL CURRENT LIABILITIES | $1.8T |
| Long-Term Debt | $316.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $227.5B |
| TOTAL NON-CURRENT LIABILITIES | $543.5B |
| TOTAL LIABILITIES | $2.3T |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $90.7B |
| Retained Earnings | $175.8B |
| Treasury Stock | -$38.0B |
| Accum. Other Comp. Income | -$309M |
| Other Equity | -$21M |
| TOTAL STOCKHOLDERS' EQUITY | $258.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $258.4B |
| TOTAL LIABILITIES & EQUITY | $2.6T |
| Total Debt | $509.6B |
| Net Debt | $51.8B |
