| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $970M | $939M | $751M | 3.3% | 29.2% |
| Op. Income | $362M | $349M | $249M | 3.6% | 45.1% |
| Gross Margin | 63.5% | 62.9% | 63.0% | 0.6pp | 0.6pp |
| Net Margin | 29.0% | 27.3% | 23.7% | 1.7pp | 5.2pp |
| EPS (Diluted) | $1.78 | $1.62 | $1.13 | 9.9% | 57.5% |
| Free Cash Flow | $358M | $452M | $160M | -20.8% | 123.8% |
| Item | Amount |
|---|---|
| REVENUE | $970M |
| Cost of Revenue | $353M |
| GROSS PROFIT | $616M |
| R&D Expenses | $147M |
| Selling & Marketing | $0 |
| General & Administrative | $108M |
| SG&A Expenses | $108M |
| Other Expenses | $0 |
| Operating Expenses | $254M |
| Cost & Expenses | $608M |
| OPERATING INCOME | $362M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $336M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $281M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $15M |
| EBIT | $367M |
| EBITDA | $377M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $970M |
| Cost of Revenue | $353M |
| GROSS PROFIT | $616M |
| R&D Expenses | $147M |
| Selling & Marketing | $0 |
| General & Administrative | $108M |
| SG&A Expenses | $108M |
| Other Expenses | $0 |
| Operating Expenses | $254M |
| Cost & Expenses | $608M |
| OPERATING INCOME | $362M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $336M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $281M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $15M |
| EBIT | $367M |
| EBITDA | $377M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $281M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $60M |
| OPERATING CASH FLOW | $374M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$710.0K |
| Purchases of Investments | -$204M |
| Sales/Maturities of Investments | $333M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $113M |
| Net Debt Issuance | -$156M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$100M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$320M |
| FREE CASH FLOW | $358M |
| Net Change in Cash | $168M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $1.7B |
| Net Receivables | $687M |
| Inventory | $762M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $280M |
| Goodwill | $350M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $282M |
| Other Non-Current Assets | $201M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $139M |
| Short-Term Debt | $250M |
| Deferred Revenue | $393M |
| Other Current Liabilities | $430M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $60M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $175M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $518M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $997M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $2.8B |
| Net Debt | $1.5B |
