| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | — | $2.3B | — | 26.6% |
| Op. Income | $909M | — | $653M | — | 39.2% |
| Gross Margin | 71.3% | — | 66.2% | — | 5.2pp |
| Net Margin | 22.9% | — | 26.0% | — | -3.2pp |
| EPS (Diluted) | $1.64 | — | $1.48 | — | 11.2% |
| Free Cash Flow | -$4.4B | — | -$2.4B | — | -85.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $823M |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $785M |
| SG&A Expenses | $814M |
| Other Expenses | $321M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $909M |
| Interest Income | $2.2B |
| Interest Expense | $711M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $909M |
| Income Tax Expense | $254M |
| Net Income from Continuing Ops | $655M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $655M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $655M |
| D&A | $96M |
| EBIT | $909M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $823M |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $785M |
| SG&A Expenses | $814M |
| Other Expenses | $321M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $909M |
| Interest Income | $2.2B |
| Interest Expense | $711M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $909M |
| Income Tax Expense | $254M |
| Net Income from Continuing Ops | $655M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $655M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $655M |
| D&A | $96M |
| EBIT | $909M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $655M |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $392M |
| Change in Working Capital | -$5.5B |
| OPERATING CASH FLOW | -$4.3B |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $50M |
| Purchases of Investments | -$6.3B |
| Sales/Maturities of Investments | $6.2B |
| Other Investing Activities | $123M |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | $2.5B |
| Common Stock Repurchased | -$135M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $383M |
| NET CASH FROM FINANCING | $2.8B |
| FREE CASH FLOW | -$4.4B |
| Net Change in Cash | -$1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.2B |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14.2B |
| PP&E (Net) | $2.8B |
| Goodwill | $0 |
| Intangible Assets | $2.0B |
| Long-Term Investments | $273.6B |
| Tax Assets | $478.5K |
| Other Non-Current Assets | $13.0B |
| TOTAL NON-CURRENT ASSETS | $291.4B |
| TOTAL ASSETS | $305.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $185.8B |
| TOTAL CURRENT LIABILITIES | $185.8B |
| Long-Term Debt | $52.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $357M |
| Other Non-Current Liabilities | $44.3B |
| TOTAL NON-CURRENT LIABILITIES | $97.0B |
| TOTAL LIABILITIES | $282.9B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $11.6B |
| Retained Earnings | $10.3B |
| Treasury Stock | -$634M |
| Accum. Other Comp. Income | $118M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.8B |
| Minority Interest | $4M |
| TOTAL EQUITY | $22.8B |
| TOTAL LIABILITIES & EQUITY | $305.6B |
| Total Debt | $52.4B |
| Net Debt | $38.2B |
