| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $976M | $970M | $877M | 0.6% | 11.3% |
| Op. Income | $366M | $362M | $334M | 1.2% | 9.7% |
| Gross Margin | 64.4% | 63.5% | 63.7% | 0.9pp | 0.7pp |
| Net Margin | -13.8% | 29.0% | 27.2% | -42.7pp | -40.9pp |
| EPS (Diluted) | $-0.86 | $1.78 | $1.52 | -148.3% | -156.6% |
| Free Cash Flow | $116M | $358M | $214M | -67.6% | -45.7% |
| Item | Amount |
|---|---|
| REVENUE | $976M |
| Cost of Revenue | $347M |
| GROSS PROFIT | $628M |
| R&D Expenses | $157M |
| Selling & Marketing | $0 |
| General & Administrative | $106M |
| SG&A Expenses | $106M |
| Other Expenses | $0 |
| Operating Expenses | $262M |
| Cost & Expenses | $610M |
| OPERATING INCOME | $366M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $347M |
| Income Tax Expense | $482M |
| Net Income from Continuing Ops | -$134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$134M |
| D&A | $16M |
| EBIT | $375M |
| EBITDA | $382M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$134M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $238M |
| OPERATING CASH FLOW | $129M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$157M |
| Sales/Maturities of Investments | $201M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $26M |
| Net Debt Issuance | -$291M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$93M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$406M |
| FREE CASH FLOW | $116M |
| Net Change in Cash | -$247M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.7B |
| Net Receivables | $750M |
| Inventory | $788M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $282M |
| Goodwill | $350M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $194M |
| Other Non-Current Assets | $211M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $150M |
| Short-Term Debt | $0 |
| Deferred Revenue | $430M |
| Other Current Liabilities | $415M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $68M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $461M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $549M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $729M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $2.5B |
| Net Debt | $1.4B |
