| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.2B | $1.3B | -10.9% | 48.4% |
| Op. Income | $554M | $733M | $245M | -24.4% | 126.1% |
| Gross Margin | 59.4% | 60.0% | 57.5% | -0.6pp | 1.8pp |
| Net Margin | 26.2% | 30.1% | 15.9% | -3.9pp | 10.2pp |
| EPS (Diluted) | $0.02 | $0.03 | $0.01 | -20.0% | 141.0% |
| Free Cash Flow | $228M | $670M | $264M | -66.0% | -13.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $787M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $411M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $185M |
| Other Expenses | $0 |
| Operating Expenses | $596M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $554M |
| Interest Income | $16M |
| Interest Expense | $16M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $536M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $507M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $507M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $507M |
| D&A | $47M |
| EBIT | $552M |
| EBITDA | $599M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $787M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $411M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $185M |
| Other Expenses | $0 |
| Operating Expenses | $596M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $554M |
| Interest Income | $16M |
| Interest Expense | $16M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $536M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $507M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $507M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $507M |
| D&A | $47M |
| EBIT | $552M |
| EBITDA | $599M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $507M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $76M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$391M |
| OPERATING CASH FLOW | $282M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $849M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $754M |
| Net Debt Issuance | -$605M |
| Common Stock Repurchased | -$190M |
| Common Dividends Paid | -$82M |
| Other Financing Activities | $64M |
| NET CASH FROM FINANCING | -$813M |
| FREE CASH FLOW | $228M |
| Net Change in Cash | $223M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $4.2B |
| Net Receivables | $976M |
| Inventory | $821M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.1B |
| PP&E (Net) | $539M |
| Goodwill | $618M |
| Intangible Assets | $90M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $9.4B |
| Account Payables | $348M |
| Short-Term Debt | $222M |
| Deferred Revenue | $46M |
| Other Current Liabilities | $235M |
| TOTAL CURRENT LIABILITIES | $990M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $159M |
| Other Non-Current Liabilities | $136M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | $6.5B |
| Treasury Stock | -$5.3B |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $9.4B |
| Total Debt | $2.2B |
| Net Debt | $221M |
