| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.6B | $3.5B | -1.8% | -0.4% |
| Op. Income | $510M | $533M | $612M | -4.3% | -16.7% |
| Gross Margin | 16.6% | 17.1% | 19.2% | -0.4pp | -2.6pp |
| Net Margin | 11.9% | 11.5% | 13.2% | 0.4pp | -1.3pp |
| EPS (Diluted) | $1.87 | $1.81 | $2.00 | 3.3% | -6.5% |
| Free Cash Flow | $407M | $93M | $144M | 337.6% | 182.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $583M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $73M |
| Operating Expenses | $73M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $510M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $510M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $418M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $418M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $418M |
| D&A | $0 |
| EBIT | $573M |
| EBITDA | $573M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $583M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $73M |
| Operating Expenses | $73M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $510M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $510M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $418M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $418M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $418M |
| D&A | $0 |
| EBIT | $573M |
| EBITDA | $573M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $418M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $90M |
| Change in Working Capital | -$101M |
| OPERATING CASH FLOW | $407M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$286M |
| NET CASH FROM INVESTING | -$780M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$66M |
| Other Financing Activities | $626M |
| NET CASH FROM FINANCING | $360M |
| FREE CASH FLOW | $407M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $94.1B |
| Net Receivables | $5.4B |
| Inventory | $0 |
| Other Current Assets | $13.3B |
| TOTAL CURRENT ASSETS | $114.8B |
| PP&E (Net) | $0 |
| Goodwill | $2.3B |
| Intangible Assets | $8.5B |
| Long-Term Investments | $95.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $64.0B |
| TOTAL NON-CURRENT ASSETS | $162.0B |
| TOTAL ASSETS | $276.8B |
| Account Payables | $0 |
| Short-Term Debt | $450M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$5.4B |
| TOTAL CURRENT LIABILITIES | $255.6B |
| Long-Term Debt | $4.9B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $255.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $260.5B |
| Common Stock | $5.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.3B |
| TOTAL LIABILITIES & EQUITY | $276.8B |
| Total Debt | $5.3B |
| Net Debt | $3.4B |
