| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.4B | 2.7% | 7.6% |
| Op. Income | $629M | $581M | $510M | 8.3% | 23.2% |
| Gross Margin | 91.4% | 91.4% | 88.3% | -0.0pp | 3.1pp |
| Net Margin | 20.7% | 23.5% | 22.8% | -2.8pp | -2.1pp |
| EPS (Diluted) | $2.01 | $2.21 | $1.98 | -9.0% | 1.5% |
| Free Cash Flow | $700M | $430M | $69M | 62.7% | 915.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $134M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $427M |
| SG&A Expenses | $446M |
| Other Expenses | $350M |
| Operating Expenses | $796M |
| Cost & Expenses | $930M |
| OPERATING INCOME | $629M |
| Interest Income | $1.1B |
| Interest Expense | $103M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $629M |
| Income Tax Expense | $306M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | -$2.0K |
| BOTTOM LINE NET INCOME | $302M |
| D&A | $47M |
| EBIT | $629M |
| EBITDA | $675M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $134M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $427M |
| SG&A Expenses | $446M |
| Other Expenses | $350M |
| Operating Expenses | $796M |
| Cost & Expenses | $930M |
| OPERATING INCOME | $629M |
| Interest Income | $1.1B |
| Interest Expense | $103M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $629M |
| Income Tax Expense | $306M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | -$2.0K |
| BOTTOM LINE NET INCOME | $302M |
| D&A | $47M |
| EBIT | $629M |
| EBITDA | $675M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $322M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $391M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $716M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$253M |
| Sales/Maturities of Investments | $641M |
| Other Investing Activities | $843M |
| NET CASH FROM INVESTING | $1.2B |
| Net Debt Issuance | -$430M |
| Common Stock Repurchased | -$224M |
| Common Dividends Paid | -$112M |
| Other Financing Activities | -$1.1B |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $700M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.5B |
| Short-Term Investments | $10.9B |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $18.8B |
| PP&E (Net) | $646M |
| Goodwill | $4.6B |
| Intangible Assets | $72M |
| Long-Term Investments | $89.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.0B |
| TOTAL NON-CURRENT ASSETS | $99.6B |
| TOTAL ASSETS | $118.6B |
| Account Payables | $1.6B |
| Short-Term Debt | $772M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $92.4B |
| TOTAL CURRENT LIABILITIES | $94.8B |
| Long-Term Debt | $7.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$175M |
| TOTAL NON-CURRENT LIABILITIES | $7.5B |
| TOTAL LIABILITIES | $102.3B |
| Common Stock | $82M |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | $10.2B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | -$364M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.3B |
| TOTAL LIABILITIES & EQUITY | $118.6B |
| Total Debt | $8.5B |
| Net Debt | $2.0B |
