| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $2.9B | $2.5B | 4.2% | 20.4% |
| Op. Income | $882M | $909M | $844M | -3.0% | 4.5% |
| Gross Margin | 70.9% | 71.3% | 74.1% | -0.4pp | -3.2pp |
| Net Margin | 21.4% | 22.9% | 27.0% | -1.4pp | -5.6pp |
| EPS (Diluted) | $1.61 | $1.64 | $1.69 | -2.0% | -4.7% |
| Free Cash Flow | -$1.7B | -$4.4B | -$6.0B | 61.0% | 71.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $869M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $740M |
| SG&A Expenses | $776M |
| Other Expenses | $462M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $882M |
| Interest Income | $2.3B |
| Interest Expense | $790M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $882M |
| Income Tax Expense | $241M |
| Net Income from Continuing Ops | $641M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $641M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $641M |
| D&A | $99M |
| EBIT | $882M |
| EBITDA | $980M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $869M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $740M |
| SG&A Expenses | $776M |
| Other Expenses | $462M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $882M |
| Interest Income | $2.3B |
| Interest Expense | $790M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $882M |
| Income Tax Expense | $241M |
| Net Income from Continuing Ops | $641M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $641M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $641M |
| D&A | $99M |
| EBIT | $882M |
| EBITDA | $980M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $641M |
| Depreciation & Amortization | $99M |
| Stock-Based Compensation | -$851.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $561M |
| Change in Working Capital | -$3.0B |
| OPERATING CASH FLOW | -$1.7B |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | $87M |
| Purchases of Investments | -$13.4B |
| Sales/Maturities of Investments | $13.0B |
| Other Investing Activities | -$515M |
| NET CASH FROM INVESTING | -$894M |
| Net Debt Issuance | $2.8B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$519M |
| Other Financing Activities | $59M |
| NET CASH FROM FINANCING | $2.4B |
| FREE CASH FLOW | -$1.7B |
| Net Change in Cash | -$153M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.4B |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.4B |
| PP&E (Net) | $2.8B |
| Goodwill | $0 |
| Intangible Assets | $1.9B |
| Long-Term Investments | $280.9B |
| Tax Assets | $1M |
| Other Non-Current Assets | $14.6B |
| TOTAL NON-CURRENT ASSETS | $300.2B |
| TOTAL ASSETS | $313.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $189.2B |
| TOTAL CURRENT LIABILITIES | $189.2B |
| Long-Term Debt | $55.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $345M |
| Other Non-Current Liabilities | $45.1B |
| TOTAL NON-CURRENT LIABILITIES | $101.0B |
| TOTAL LIABILITIES | $290.2B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $11.6B |
| Retained Earnings | $10.9B |
| Treasury Stock | -$634M |
| Accum. Other Comp. Income | $128M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.4B |
| Minority Interest | $4M |
| TOTAL EQUITY | $23.4B |
| TOTAL LIABILITIES & EQUITY | $313.6B |
| Total Debt | $55.5B |
| Net Debt | $42.1B |
