| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26.8B | $28.9B | $23.2B | -7.3% | 15.5% |
| Op. Income | $8.3B | $8.7B | $6.7B | -4.5% | 23.3% |
| Gross Margin | 65.4% | 61.7% | 65.3% | 3.7pp | 0.2pp |
| Net Margin | 27.7% | -21.8% | 23.6% | 49.5pp | 4.0pp |
| EPS (Diluted) | $0.95 | $-0.82 | $0.70 | 215.9% | 35.7% |
| Free Cash Flow | $9.2B | $5.3B | $9.0B | 74.3% | 2.8% |
| Item | Amount |
|---|---|
| REVENUE | $26.8B |
| Cost of Revenue | $9.3B |
| GROSS PROFIT | $17.6B |
| R&D Expenses | $3.7B |
| Selling & Marketing | $4.3B |
| General & Administrative | $1.2B |
| SG&A Expenses | $5.5B |
| Other Expenses | $0 |
| Operating Expenses | $9.3B |
| Cost & Expenses | $18.5B |
| OPERATING INCOME | $8.3B |
| Interest Income | $575M |
| Interest Expense | $691M |
| Other Income/Expenses | $349M |
| INCOME BEFORE TAX | $8.6B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $7.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7.4B |
| D&A | $2.7B |
| EBIT | $9.3B |
| EBITDA | $12.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $26.8B |
| Cost of Revenue | $9.3B |
| GROSS PROFIT | $17.6B |
| R&D Expenses | $3.7B |
| Selling & Marketing | $4.3B |
| General & Administrative | $1.2B |
| SG&A Expenses | $5.5B |
| Other Expenses | $0 |
| Operating Expenses | $9.3B |
| Cost & Expenses | $18.5B |
| OPERATING INCOME | $8.3B |
| Interest Income | $575M |
| Interest Expense | $691M |
| Other Income/Expenses | $349M |
| INCOME BEFORE TAX | $8.6B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $7.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7.4B |
| D&A | $2.7B |
| EBIT | $9.3B |
| EBITDA | $12.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7.4B |
| Depreciation & Amortization | $2.7B |
| Stock-Based Compensation | $969M |
| Deferred Income Tax | -$396M |
| Other Non-Cash Items | -$438M |
| Change in Working Capital | $1.9B |
| OPERATING CASH FLOW | $12.2B |
| Capital Expenditure | -$2.9B |
| Acquisitions (Net) | -$248M |
| Purchases of Investments | -$26.9B |
| Sales/Maturities of Investments | $33.9B |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | $3.8B |
| Net Debt Issuance | -$12.3B |
| Common Stock Repurchased | -$3.8B |
| Common Dividends Paid | -$3.2B |
| Other Financing Activities | -$640M |
| NET CASH FROM FINANCING | -$19.7B |
| FREE CASH FLOW | $9.2B |
| Net Change in Cash | -$3.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.2B |
| Short-Term Investments | $123.0B |
| Net Receivables | $17.2B |
| Inventory | $2.1B |
| Other Current Assets | $5.1B |
| TOTAL CURRENT ASSETS | $156.7B |
| PP&E (Net) | $34.8B |
| Goodwill | $35.6B |
| Intangible Assets | $8.5B |
| Long-Term Investments | $2.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.1B |
| TOTAL NON-CURRENT ASSETS | $88.8B |
| TOTAL ASSETS | $245.5B |
| Account Payables | $7.6B |
| Short-Term Debt | $3.7B |
| Deferred Revenue | $21.4B |
| Other Current Liabilities | $11.1B |
| TOTAL CURRENT LIABILITIES | $46.1B |
| Long-Term Debt | $73.5B |
| Deferred Revenue NC | $2.6B |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $37.5B |
| TOTAL NON-CURRENT LIABILITIES | $120.1B |
| TOTAL LIABILITIES | $166.3B |
| Common Stock | $70.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $10.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $79.2B |
| TOTAL LIABILITIES & EQUITY | $245.5B |
| Total Debt | $82.9B |
| Net Debt | $73.6B |
