| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.5B | 1.7% | 3.8% |
| Op. Income | $581M | $596M | $550M | -2.7% | 5.5% |
| Gross Margin | 91.4% | 90.3% | 89.2% | 1.1pp | 2.3pp |
| Net Margin | 23.5% | 25.6% | 24.0% | -2.1pp | -0.5pp |
| EPS (Diluted) | $2.21 | $2.35 | $2.10 | -6.0% | 5.2% |
| Free Cash Flow | $430M | $309M | $393M | 39.1% | 9.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $130M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $423M |
| SG&A Expenses | $440M |
| Other Expenses | $366M |
| Operating Expenses | $806M |
| Cost & Expenses | $936M |
| OPERATING INCOME | $581M |
| Interest Income | $1.1B |
| Interest Expense | $100M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $581M |
| Income Tax Expense | $225M |
| Net Income from Continuing Ops | $356M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $356M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $336M |
| D&A | $51M |
| EBIT | $581M |
| EBITDA | $632M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $130M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $423M |
| SG&A Expenses | $440M |
| Other Expenses | $366M |
| Operating Expenses | $806M |
| Cost & Expenses | $936M |
| OPERATING INCOME | $581M |
| Interest Income | $1.1B |
| Interest Expense | $100M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $581M |
| Income Tax Expense | $225M |
| Net Income from Continuing Ops | $356M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $356M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $336M |
| D&A | $51M |
| EBIT | $581M |
| EBITDA | $632M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $356M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $443M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$68M |
| Sales/Maturities of Investments | $791M |
| Other Investing Activities | -$196M |
| NET CASH FROM INVESTING | $515M |
| Net Debt Issuance | -$548M |
| Common Stock Repurchased | -$225M |
| Common Dividends Paid | -$115M |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | -$934M |
| FREE CASH FLOW | $430M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.7B |
| Short-Term Investments | $11.4B |
| Net Receivables | $5.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $24.3B |
| PP&E (Net) | $657M |
| Goodwill | $4.6B |
| Intangible Assets | $79M |
| Long-Term Investments | $90.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $95.9B |
| TOTAL ASSETS | $120.4B |
| Account Payables | $1.8B |
| Short-Term Debt | $201M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $93.5B |
| TOTAL CURRENT LIABILITIES | $95.5B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $104.1B |
| Common Stock | $82M |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | $9.9B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | -$248M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.3B |
| TOTAL LIABILITIES & EQUITY | $120.4B |
| Total Debt | $8.8B |
| Net Debt | $1.1B |
