| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.0B | $13.0B | $8.0B | -7.8% | 49.0% |
| Op. Income | $5.4B | $7.4B | $3.3B | -25.9% | 63.8% |
| Gross Margin | 83.9% | 87.6% | 85.6% | -3.7pp | -1.7pp |
| Net Margin | 41.7% | 32.9% | 38.1% | 8.8pp | 3.6pp |
| EPS (Diluted) | $1.69 | $1.44 | $1.04 | 17.4% | 62.5% |
| Free Cash Flow | $5.0B | $5.4B | $3.8B | -6.7% | 33.3% |
| Item | Amount |
|---|---|
| REVENUE | $12.0B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $10.0B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $1.6B |
| General & Administrative | $757M |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $4.6B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $5.4B |
| Interest Income | $145M |
| Interest Expense | $0 |
| Other Income/Expenses | $161M |
| INCOME BEFORE TAX | $5.6B |
| Income Tax Expense | $622M |
| Net Income from Continuing Ops | $5.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.0B |
| D&A | $949M |
| EBIT | $5.4B |
| EBITDA | $6.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $12.0B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $10.0B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $1.6B |
| General & Administrative | $757M |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $4.6B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $5.4B |
| Interest Income | $145M |
| Interest Expense | $0 |
| Other Income/Expenses | $161M |
| INCOME BEFORE TAX | $5.6B |
| Income Tax Expense | $622M |
| Net Income from Continuing Ops | $5.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.0B |
| D&A | $949M |
| EBIT | $5.4B |
| EBITDA | $6.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $5.0B |
| Depreciation & Amortization | $949M |
| Stock-Based Compensation | $955M |
| Deferred Income Tax | -$47M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $1.0B |
| OPERATING CASH FLOW | $7.9B |
| Capital Expenditure | -$2.8B |
| Acquisitions (Net) | -$49M |
| Purchases of Investments | -$4.0B |
| Sales/Maturities of Investments | $5.6B |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.8B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $5.0B |
| Net Change in Cash | $4.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.1B |
| Short-Term Investments | $31.9B |
| Net Receivables | $5.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $50.4B |
| PP&E (Net) | $16.2B |
| Goodwill | $18.3B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $38.5B |
| TOTAL ASSETS | $88.9B |
| Account Payables | $593M |
| Short-Term Debt | $0 |
| Deferred Revenue | $94M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.1B |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $11.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $41.1B |
| Retained Earnings | $36.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$294M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $77.6B |
| TOTAL LIABILITIES & EQUITY | $88.9B |
| Total Debt | $98M |
| Net Debt | -$12.0B |
