| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.0B | $10.3B | $8.8B | 25.6% | 47.3% |
| Op. Income | $7.4B | $5.1B | $4.6B | 43.5% | 61.0% |
| Gross Margin | 87.6% | 86.0% | 88.1% | 1.6pp | -0.5pp |
| Net Margin | 32.9% | 45.5% | 40.4% | -12.6pp | -7.5pp |
| EPS (Diluted) | $1.44 | $1.59 | $1.21 | -9.4% | 19.0% |
| Free Cash Flow | $5.4B | $4.4B | $3.7B | 23.7% | 47.7% |
| Item | Amount |
|---|---|
| REVENUE | $13.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $11.4B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $1.4B |
| General & Administrative | $686M |
| SG&A Expenses | $2.1B |
| Other Expenses | $0 |
| Operating Expenses | $4.0B |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $7.4B |
| Interest Income | $132M |
| Interest Expense | $0 |
| Other Income/Expenses | $110M |
| INCOME BEFORE TAX | $7.5B |
| Income Tax Expense | $3.2B |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $4.3B |
| D&A | $853M |
| EBIT | $7.7B |
| EBITDA | $8.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.0B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $11.4B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $1.4B |
| General & Administrative | $686M |
| SG&A Expenses | $2.1B |
| Other Expenses | $0 |
| Operating Expenses | $4.0B |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $7.4B |
| Interest Income | $132M |
| Interest Expense | $0 |
| Other Income/Expenses | $110M |
| INCOME BEFORE TAX | $7.5B |
| Income Tax Expense | $3.2B |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $4.3B |
| D&A | $853M |
| EBIT | $7.7B |
| EBITDA | $8.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4.3B |
| Depreciation & Amortization | $853M |
| Stock-Based Compensation | $814M |
| Deferred Income Tax | -$225M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $2.0B |
| OPERATING CASH FLOW | $7.7B |
| Capital Expenditure | -$2.3B |
| Acquisitions (Net) | -$17M |
| Purchases of Investments | -$5.3B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$5.0B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$958M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$884M |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $5.4B |
| Net Change in Cash | $878M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.1B |
| Short-Term Investments | $33.6B |
| Net Receivables | $5.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $48.6B |
| PP&E (Net) | $13.7B |
| Goodwill | $18.2B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $36.0B |
| TOTAL ASSETS | $84.5B |
| Account Payables | $380M |
| Short-Term Debt | $340M |
| Deferred Revenue | $98M |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $6.4B |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $10.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $40.6B |
| Retained Earnings | $34.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$227M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $74.3B |
| TOTAL LIABILITIES & EQUITY | $84.5B |
| Total Debt | $340M |
| Net Debt | -$7.7B |
