| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32.8B | $32.8B | $29.5B | -0.1% | 11.3% |
| Op. Income | $10.7B | $10.6B | $9.6B | 1.1% | 11.9% |
| Gross Margin | 80.2% | 80.8% | 81.9% | -0.6pp | -1.6pp |
| Net Margin | 25.6% | 25.3% | 22.8% | 0.2pp | 2.7pp |
| EPS (Diluted) | $2.34 | $2.29 | $1.76 | 2.2% | 33.0% |
| Free Cash Flow | $27.5B | $35.7B | -$4.9B | -22.9% | 661.9% |
| Item | Amount |
|---|---|
| REVENUE | $32.8B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $26.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $798M |
| General & Administrative | $8.1B |
| SG&A Expenses | $8.9B |
| Other Expenses | $6.7B |
| Operating Expenses | $15.6B |
| Cost & Expenses | $22.1B |
| OPERATING INCOME | $10.7B |
| Interest Income | $19.4B |
| Interest Expense | $5.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10.7B |
| Income Tax Expense | $2.3B |
| Net Income from Continuing Ops | $8.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7.9B |
| D&A | $2.0B |
| EBIT | $10.7B |
| EBITDA | $12.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $32.8B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $26.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $798M |
| General & Administrative | $8.1B |
| SG&A Expenses | $8.9B |
| Other Expenses | $6.7B |
| Operating Expenses | $15.6B |
| Cost & Expenses | $22.1B |
| OPERATING INCOME | $10.7B |
| Interest Income | $19.4B |
| Interest Expense | $5.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10.7B |
| Income Tax Expense | $2.3B |
| Net Income from Continuing Ops | $8.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7.9B |
| D&A | $2.0B |
| EBIT | $10.7B |
| EBITDA | $12.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $8.4B |
| Depreciation & Amortization | $2.0B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$107M |
| Other Non-Cash Items | $4.6B |
| Change in Working Capital | -$1.7B |
| OPERATING CASH FLOW | $27.5B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$27.2B |
| Sales/Maturities of Investments | $19.8B |
| Other Investing Activities | -$7.7B |
| NET CASH FROM INVESTING | -$15.1B |
| Net Debt Issuance | -$5.0B |
| Common Stock Repurchased | -$4.4B |
| Common Dividends Paid | -$2.3B |
| Other Financing Activities | $12.6B |
| NET CASH FROM FINANCING | $2.6B |
| FREE CASH FLOW | $27.5B |
| Net Change in Cash | $13.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $419.1B |
| Short-Term Investments | $200.0B |
| Net Receivables | $78.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $697.9B |
| PP&E (Net) | $14.2B |
| Goodwill | $47.5B |
| Intangible Assets | $7.2B |
| Long-Term Investments | $962.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $885.6B |
| TOTAL NON-CURRENT ASSETS | $1.9T |
| TOTAL ASSETS | $2.6T |
| Account Payables | $209.7B |
| Short-Term Debt | $246.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6T |
| TOTAL CURRENT LIABILITIES | $1.9T |
| Long-Term Debt | $270.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $229.9B |
| TOTAL NON-CURRENT LIABILITIES | $500.1B |
| TOTAL LIABILITIES | $2.4T |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $89.3B |
| Retained Earnings | $195.2B |
| Treasury Stock | -$55.0B |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | -$21M |
| TOTAL STOCKHOLDERS' EQUITY | $259.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $259.0B |
| TOTAL LIABILITIES & EQUITY | $2.6T |
| Total Debt | $516.4B |
| Net Debt | $97.3B |
