| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28.1B | $29.5B | $26.1B | -4.6% | 7.8% |
| Op. Income | $8.3B | $9.6B | $8.7B | -13.6% | -4.9% |
| Gross Margin | 81.2% | 81.9% | 86.3% | -0.6pp | -5.0pp |
| Net Margin | 15.1% | 22.8% | 25.8% | -7.8pp | -10.7pp |
| EPS (Diluted) | $1.08 | $1.76 | $1.71 | -38.6% | -36.8% |
| Free Cash Flow | $13.5B | -$4.9B | $38.9B | 376.5% | -65.2% |
| Item | Amount |
|---|---|
| REVENUE | $28.1B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $22.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $721M |
| General & Administrative | $7.5B |
| SG&A Expenses | $8.2B |
| Other Expenses | $6.4B |
| Operating Expenses | $14.6B |
| Cost & Expenses | $19.9B |
| OPERATING INCOME | $8.3B |
| Interest Income | $17.0B |
| Interest Expense | $4.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.3B |
| Income Tax Expense | $4.0B |
| Net Income from Continuing Ops | $4.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.8B |
| D&A | $1.6B |
| EBIT | $8.3B |
| EBITDA | $9.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $28.1B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $22.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $721M |
| General & Administrative | $7.5B |
| SG&A Expenses | $8.2B |
| Other Expenses | $6.4B |
| Operating Expenses | $14.6B |
| Cost & Expenses | $19.9B |
| OPERATING INCOME | $8.3B |
| Interest Income | $17.0B |
| Interest Expense | $4.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8.3B |
| Income Tax Expense | $4.0B |
| Net Income from Continuing Ops | $4.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.8B |
| D&A | $1.6B |
| EBIT | $8.3B |
| EBITDA | $9.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4.2B |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2.5B |
| Other Non-Cash Items | $1.0B |
| Change in Working Capital | $4.1B |
| OPERATING CASH FLOW | $13.5B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$33.3B |
| Sales/Maturities of Investments | $46.2B |
| Other Investing Activities | -$791M |
| NET CASH FROM INVESTING | $12.1B |
| Net Debt Issuance | -$9.7B |
| Common Stock Repurchased | -$6.1B |
| Common Dividends Paid | -$2.5B |
| Other Financing Activities | -$4.8B |
| NET CASH FROM FINANCING | -$21.8B |
| FREE CASH FLOW | $13.5B |
| Net Change in Cash | $3.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $431.3B |
| Short-Term Investments | $202.2B |
| Net Receivables | $67.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $701.3B |
| PP&E (Net) | $14.2B |
| Goodwill | $47.5B |
| Intangible Assets | $6.9B |
| Long-Term Investments | $1.0T |
| Tax Assets | $0 |
| Other Non-Current Assets | $742.4B |
| TOTAL NON-CURRENT ASSETS | $1.8T |
| TOTAL ASSETS | $2.5T |
| Account Payables | $102.7B |
| Short-Term Debt | $210.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5T |
| TOTAL CURRENT LIABILITIES | $2.0T |
| Long-Term Debt | $284.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31.0B |
| TOTAL NON-CURRENT LIABILITIES | $315.1B |
| TOTAL LIABILITIES | $2.3T |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $90.6B |
| Retained Earnings | $177.7B |
| Treasury Stock | -$42.6B |
| Accum. Other Comp. Income | -$119M |
| Other Equity | -$21M |
| TOTAL STOCKHOLDERS' EQUITY | $255.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $255.7B |
| TOTAL LIABILITIES & EQUITY | $2.5T |
| Total Debt | $494.8B |
| Net Debt | $63.5B |
