| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23.2B | $25.8B | $20.5B | -10.1% | 13.1% |
| Op. Income | $6.7B | $7.9B | $5.3B | -15.0% | 27.3% |
| Gross Margin | 65.3% | 61.7% | 62.4% | 3.6pp | 2.9pp |
| Net Margin | 23.6% | 24.3% | 18.3% | -0.6pp | 5.3pp |
| EPS (Diluted) | $0.70 | $0.80 | $0.47 | -12.5% | 48.9% |
| Free Cash Flow | $9.0B | $4.3B | $8.1B | 108.2% | 11.2% |
| Item | Amount |
|---|---|
| REVENUE | $23.2B |
| Cost of Revenue | $8.1B |
| GROSS PROFIT | $15.2B |
| R&D Expenses | $3.4B |
| Selling & Marketing | $3.9B |
| General & Administrative | $1.2B |
| SG&A Expenses | $5.1B |
| Other Expenses | $0 |
| Operating Expenses | $8.4B |
| Cost & Expenses | $16.5B |
| OPERATING INCOME | $6.7B |
| Interest Income | $0 |
| Interest Expense | $609M |
| Other Income/Expenses | $371M |
| INCOME BEFORE TAX | $7.1B |
| Income Tax Expense | $1.6B |
| Net Income from Continuing Ops | $5.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.5B |
| D&A | $2.5B |
| EBIT | $7.7B |
| EBITDA | $10.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $23.2B |
| Cost of Revenue | $8.1B |
| GROSS PROFIT | $15.2B |
| R&D Expenses | $3.4B |
| Selling & Marketing | $3.9B |
| General & Administrative | $1.2B |
| SG&A Expenses | $5.1B |
| Other Expenses | $0 |
| Operating Expenses | $8.4B |
| Cost & Expenses | $16.5B |
| OPERATING INCOME | $6.7B |
| Interest Income | $0 |
| Interest Expense | $609M |
| Other Income/Expenses | $371M |
| INCOME BEFORE TAX | $7.1B |
| Income Tax Expense | $1.6B |
| Net Income from Continuing Ops | $5.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.5B |
| D&A | $2.5B |
| EBIT | $7.7B |
| EBITDA | $10.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5.5B |
| Depreciation & Amortization | $2.5B |
| Stock-Based Compensation | $883M |
| Deferred Income Tax | -$284M |
| Other Non-Cash Items | -$590M |
| Change in Working Capital | $2.7B |
| OPERATING CASH FLOW | $10.7B |
| Capital Expenditure | -$1.7B |
| Acquisitions (Net) | -$802M |
| Purchases of Investments | -$43.9B |
| Sales/Maturities of Investments | $41.3B |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$6.2B |
| Net Debt Issuance | -$966M |
| Common Stock Repurchased | -$2.1B |
| Common Dividends Paid | -$3.0B |
| Other Financing Activities | -$375M |
| NET CASH FROM FINANCING | -$6.2B |
| FREE CASH FLOW | $9.0B |
| Net Change in Cash | -$1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.7B |
| Short-Term Investments | $119.3B |
| Net Receivables | $12.9B |
| Inventory | $2.0B |
| Other Current Assets | $5.4B |
| TOTAL CURRENT ASSETS | $146.3B |
| PP&E (Net) | $22.0B |
| Goodwill | $34.7B |
| Intangible Assets | $10.5B |
| Long-Term Investments | $7.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.1B |
| TOTAL NON-CURRENT ASSETS | $78.7B |
| TOTAL ASSETS | $225.0B |
| Account Payables | $6.2B |
| Short-Term Debt | $7.8B |
| Deferred Revenue | $26.5B |
| Other Current Liabilities | $10.5B |
| TOTAL CURRENT LIABILITIES | $52.0B |
| Long-Term Debt | $76.2B |
| Deferred Revenue NC | $9.2B |
| Deferred Tax Liabilities | $465M |
| Other Non-Current Liabilities | $15.7B |
| TOTAL NON-CURRENT LIABILITIES | $103.3B |
| TOTAL LIABILITIES | $155.3B |
| Common Stock | $68.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $531M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $644M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $69.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $69.7B |
| TOTAL LIABILITIES & EQUITY | $225.0B |
| Total Debt | $85.8B |
| Net Debt | $79.1B |
