| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $3.6B | $3.6B | 11.4% | 12.4% |
| Op. Income | $451M | $435M | $533M | 3.7% | -15.4% |
| Gross Margin | 13.3% | 15.0% | 17.1% | -1.7pp | -3.7pp |
| Net Margin | 9.6% | 10.2% | 11.5% | -0.6pp | -1.9pp |
| EPS (Diluted) | $1.70 | $1.64 | $1.81 | 3.7% | -6.1% |
| Free Cash Flow | $492M | $140M | $93M | 251.4% | 429.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $535M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $84M |
| Operating Expenses | $84M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $451M |
| Interest Income | $0 |
| Interest Expense | $68M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $451M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $385M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $385M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $385M |
| D&A | $0 |
| EBIT | $519M |
| EBITDA | $519M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $535M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $84M |
| Operating Expenses | $84M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $451M |
| Interest Income | $0 |
| Interest Expense | $68M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $451M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $385M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $385M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $385M |
| D&A | $0 |
| EBIT | $519M |
| EBITDA | $519M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $385M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $121M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $492M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$1.4B |
| Purchases of Investments | -$2.9B |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$73M |
| Other Financing Activities | $976M |
| NET CASH FROM FINANCING | $804M |
| FREE CASH FLOW | $492M |
| Net Change in Cash | -$482M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $93.1B |
| Net Receivables | $18.6B |
| Inventory | $0 |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $114.9B |
| PP&E (Net) | $0 |
| Goodwill | $1.8B |
| Intangible Assets | $10.5B |
| Long-Term Investments | $94.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $87.6B |
| TOTAL NON-CURRENT ASSETS | $183.9B |
| TOTAL ASSETS | $298.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$4.7B |
| TOTAL CURRENT LIABILITIES | $277.8B |
| Long-Term Debt | $5.8B |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $277.8B |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $283.7B |
| Common Stock | $5.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.2B |
| TOTAL LIABILITIES & EQUITY | $298.8B |
| Total Debt | $5.8B |
| Net Debt | $4.1B |
