| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.7B | $1.6B | 4.0% | 7.2% |
| Op. Income | $447M | $497M | $270M | -10.1% | 65.6% |
| Gross Margin | 86.9% | 87.2% | 88.1% | -0.3pp | -1.2pp |
| Net Margin | 11.4% | 22.0% | 14.3% | -10.6pp | -2.9pp |
| EPS (Diluted) | $0.17 | $0.32 | $0.19 | -46.9% | -10.5% |
| Free Cash Flow | $680M | $1.6B | $763M | -58.4% | -10.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $225M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $35M |
| General & Administrative | $652M |
| SG&A Expenses | $687M |
| Other Expenses | $359M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $447M |
| Interest Income | $1.1B |
| Interest Expense | $176M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $447M |
| Income Tax Expense | $251M |
| Net Income from Continuing Ops | $196M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $196M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $106M |
| EBIT | $447M |
| EBITDA | $553M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $225M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $35M |
| General & Administrative | $652M |
| SG&A Expenses | $687M |
| Other Expenses | $359M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $447M |
| Interest Income | $1.1B |
| Interest Expense | $176M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $447M |
| Income Tax Expense | $251M |
| Net Income from Continuing Ops | $196M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $196M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $106M |
| EBIT | $447M |
| EBITDA | $553M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $197M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $169M |
| Other Non-Cash Items | $291M |
| Change in Working Capital | -$53M |
| OPERATING CASH FLOW | $736M |
| Capital Expenditure | -$56M |
| Acquisitions (Net) | -$70M |
| Purchases of Investments | -$2.7B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $34M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | -$680M |
| Common Stock Repurchased | -$198M |
| Common Dividends Paid | -$127M |
| Other Financing Activities | $1.8B |
| NET CASH FROM FINANCING | $779M |
| FREE CASH FLOW | $680M |
| Net Change in Cash | $109M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $671M |
| Short-Term Investments | $22.6B |
| Net Receivables | $4.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $28.0B |
| PP&E (Net) | $930M |
| Goodwill | $2.5B |
| Intangible Assets | $416M |
| Long-Term Investments | $96.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.3B |
| TOTAL NON-CURRENT ASSETS | $109.7B |
| TOTAL ASSETS | $137.7B |
| Account Payables | $0 |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $105.2B |
| TOTAL CURRENT LIABILITIES | $108.3B |
| Long-Term Debt | $14.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $770M |
| Other Non-Current Liabilities | -$12.0B |
| TOTAL NON-CURRENT LIABILITIES | $14.3B |
| TOTAL LIABILITIES | $122.7B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | $10.3B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$779M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.0B |
| Minority Interest | $2M |
| TOTAL EQUITY | $15.0B |
| TOTAL LIABILITIES & EQUITY | $137.7B |
| Total Debt | $15.3B |
| Net Debt | $14.7B |
