| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.7B | $1.6B | -1.2% | 7.3% |
| Op. Income | $478M | $447M | $419M | 6.9% | 14.1% |
| Gross Margin | 85.0% | 86.9% | 87.7% | -1.9pp | -2.6pp |
| Net Margin | 24.6% | 11.4% | 20.5% | 13.2pp | 4.1pp |
| EPS (Diluted) | $0.38 | $0.17 | $0.27 | 123.5% | 40.7% |
| Free Cash Flow | -$230M | $680M | -$407M | -133.8% | 43.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $254M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $642M |
| SG&A Expenses | $667M |
| Other Expenses | $298M |
| Operating Expenses | $965M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $478M |
| Interest Income | $1.1B |
| Interest Expense | $193M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $478M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $416M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $418M |
| Net Income Deductions | -$14M |
| BOTTOM LINE NET INCOME | $404M |
| D&A | $103M |
| EBIT | $478M |
| EBITDA | $581M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $254M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $642M |
| SG&A Expenses | $667M |
| Other Expenses | $298M |
| Operating Expenses | $965M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $478M |
| Interest Income | $1.1B |
| Interest Expense | $193M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $478M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $416M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | $418M |
| Net Income Deductions | -$14M |
| BOTTOM LINE NET INCOME | $404M |
| D&A | $103M |
| EBIT | $478M |
| EBITDA | $581M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $418M |
| Depreciation & Amortization | $103M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | -$848M |
| Change in Working Capital | $67M |
| OPERATING CASH FLOW | -$211M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $4.0B |
| Other Investing Activities | -$1.7B |
| NET CASH FROM INVESTING | $749M |
| Net Debt Issuance | $234M |
| Common Stock Repurchased | -$156M |
| Common Dividends Paid | -$127M |
| Other Financing Activities | -$527M |
| NET CASH FROM FINANCING | -$566M |
| FREE CASH FLOW | -$230M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $643M |
| Short-Term Investments | $1.8B |
| Net Receivables | $4.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.0B |
| PP&E (Net) | $916M |
| Goodwill | $2.5B |
| Intangible Assets | $387M |
| Long-Term Investments | $116.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.0B |
| TOTAL NON-CURRENT ASSETS | $130.0B |
| TOTAL ASSETS | $137.0B |
| Account Payables | $0 |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $104.8B |
| TOTAL CURRENT LIABILITIES | $108.4B |
| Long-Term Debt | $13.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$13.8B |
| TOTAL NON-CURRENT LIABILITIES | $13.7B |
| TOTAL LIABILITIES | $122.1B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | $10.6B |
| Treasury Stock | -$3.3B |
| Accum. Other Comp. Income | -$991M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.9B |
| Minority Interest | $2M |
| TOTAL EQUITY | $14.9B |
| TOTAL LIABILITIES & EQUITY | $137.0B |
| Total Debt | $15.5B |
| Net Debt | $14.9B |
