| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | $2.5B | -0.4% | 19.0% |
| Op. Income | $899M | $882M | $812M | 2.0% | 10.8% |
| Gross Margin | 67.9% | 70.9% | 70.5% | -3.0pp | -2.6pp |
| Net Margin | 21.7% | 21.4% | 24.3% | 0.3pp | -2.6pp |
| EPS (Diluted) | $1.62 | $1.61 | $1.53 | 0.8% | 5.7% |
| Free Cash Flow | -$795M | -$1.7B | -$5.6B | 53.6% | 85.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $954M |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $33M |
| General & Administrative | $725M |
| SG&A Expenses | $759M |
| Other Expenses | $363M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $899M |
| Interest Income | $2.4B |
| Interest Expense | $855M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $899M |
| Income Tax Expense | $254M |
| Net Income from Continuing Ops | $646M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $645M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $645M |
| D&A | $105M |
| EBIT | $899M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $954M |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $33M |
| General & Administrative | $725M |
| SG&A Expenses | $759M |
| Other Expenses | $363M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $899M |
| Interest Income | $2.4B |
| Interest Expense | $855M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $899M |
| Income Tax Expense | $254M |
| Net Income from Continuing Ops | $646M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $645M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $645M |
| D&A | $105M |
| EBIT | $899M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $646M |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $351M |
| Change in Working Capital | -$1.8B |
| OPERATING CASH FLOW | -$678M |
| Capital Expenditure | -$116M |
| Acquisitions (Net) | $36M |
| Purchases of Investments | -$15.0B |
| Sales/Maturities of Investments | $15.9B |
| Other Investing Activities | -$38M |
| NET CASH FROM INVESTING | $755M |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$871M |
| NET CASH FROM FINANCING | $240M |
| FREE CASH FLOW | -$795M |
| Net Change in Cash | $282M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.4B |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.4B |
| PP&E (Net) | $2.8B |
| Goodwill | $0 |
| Intangible Assets | $1.9B |
| Long-Term Investments | $290.6B |
| Tax Assets | $500.1K |
| Other Non-Current Assets | $15.6B |
| TOTAL NON-CURRENT ASSETS | $310.9B |
| TOTAL ASSETS | $323.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $194.4B |
| TOTAL CURRENT LIABILITIES | $194.4B |
| Long-Term Debt | $56.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $414M |
| Other Non-Current Liabilities | $48.0B |
| TOTAL NON-CURRENT LIABILITIES | $104.9B |
| TOTAL LIABILITIES | $299.2B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $11.6B |
| Retained Earnings | $11.6B |
| Treasury Stock | -$634M |
| Accum. Other Comp. Income | $156M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.1B |
| Minority Interest | $6M |
| TOTAL EQUITY | $24.1B |
| TOTAL LIABILITIES & EQUITY | $323.3B |
| Total Debt | $56.5B |
| Net Debt | $44.1B |
