| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.7B | $3.5B | -1.3% | 3.1% |
| Op. Income | $435M | -$388M | $475M | 212.1% | -8.4% |
| Gross Margin | 15.0% | 63.7% | 15.7% | -48.7pp | -0.7pp |
| Net Margin | 10.2% | 22.3% | 12.4% | -12.1pp | -2.3pp |
| EPS (Diluted) | $1.64 | $3.67 | $1.89 | -55.3% | -13.2% |
| Free Cash Flow | $140M | $179M | $109M | -21.8% | 28.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $541M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $106M |
| Operating Expenses | $106M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $435M |
| Interest Income | $0 |
| Interest Expense | $91M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $435M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $367M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $367M |
| D&A | $0 |
| EBIT | $526M |
| EBITDA | $526M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $541M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $106M |
| Operating Expenses | $106M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $435M |
| Interest Income | $0 |
| Interest Expense | $91M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $435M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $367M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $367M |
| D&A | $0 |
| EBIT | $526M |
| EBITDA | $526M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $367M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $100M |
| Change in Working Capital | -$327M |
| OPERATING CASH FLOW | $140M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | -$338M |
| NET CASH FROM INVESTING | -$595M |
| Net Debt Issuance | $607M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$72M |
| Other Financing Activities | $549M |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | $140M |
| Net Change in Cash | $629M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $92.2B |
| Net Receivables | $5.5B |
| Inventory | -$112M |
| Other Current Assets | $13.6B |
| TOTAL CURRENT ASSETS | $113.4B |
| PP&E (Net) | $0 |
| Goodwill | $1.4B |
| Intangible Assets | $9.3B |
| Long-Term Investments | $93.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $70.7B |
| TOTAL NON-CURRENT ASSETS | $165.8B |
| TOTAL ASSETS | $279.2B |
| Account Payables | $0 |
| Short-Term Debt | $250M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$4.5B |
| TOTAL CURRENT LIABILITIES | $257.6B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $257.4B |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $263.3B |
| Common Stock | $5.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.0B |
| TOTAL LIABILITIES & EQUITY | $279.2B |
| Total Debt | $5.9B |
| Net Debt | $3.6B |
