| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $939M | $914M | $919M | 2.7% | 2.1% |
| Op. Income | $349M | $344M | $350M | 1.4% | -0.4% |
| Gross Margin | 62.9% | 62.4% | 63.3% | 0.5pp | -0.3pp |
| Net Margin | 27.3% | 27.7% | 29.5% | -0.5pp | -2.3pp |
| EPS (Diluted) | $1.62 | $1.61 | $1.73 | 0.6% | -6.4% |
| Free Cash Flow | $452M | $215M | $347M | 109.8% | 30.4% |
| Item | Amount |
|---|---|
| REVENUE | $939M |
| Cost of Revenue | $348M |
| GROSS PROFIT | $591M |
| R&D Expenses | $137M |
| Selling & Marketing | $0 |
| General & Administrative | $105M |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $242M |
| Cost & Expenses | $590M |
| OPERATING INCOME | $349M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $325M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $14M |
| EBIT | $356M |
| EBITDA | $363M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $939M |
| Cost of Revenue | $348M |
| GROSS PROFIT | $591M |
| R&D Expenses | $137M |
| Selling & Marketing | $0 |
| General & Administrative | $105M |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $242M |
| Cost & Expenses | $590M |
| OPERATING INCOME | $349M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $325M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $14M |
| EBIT | $356M |
| EBITDA | $363M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $256M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $174M |
| OPERATING CASH FLOW | $463M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$425M |
| Sales/Maturities of Investments | $310M |
| Other Investing Activities | -$28M |
| NET CASH FROM INVESTING | -$154M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$85M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$113M |
| FREE CASH FLOW | $452M |
| Net Change in Cash | $197M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $1.9B |
| Net Receivables | $571M |
| Inventory | $733M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $284M |
| Goodwill | $350M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $292M |
| Other Non-Current Assets | $182M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $147M |
| Short-Term Debt | $250M |
| Deferred Revenue | $342M |
| Other Current Liabilities | $356M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $60M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $172M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $157.0K |
| Additional Paid-In Capital | $529M |
| Retained Earnings | $848M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $2.9B |
| Net Debt | $1.8B |
