| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $1.9B | $1.4B | 15.1% | 56.2% |
| Op. Income | $688M | $554M | $317M | 24.2% | 117.0% |
| Gross Margin | 58.4% | 59.4% | 57.8% | -1.0pp | 0.5pp |
| Net Margin | 26.1% | 26.2% | 18.3% | -0.0pp | 7.9pp |
| EPS (Diluted) | $0.02 | $0.02 | $0.01 | 15.0% | 130.0% |
| Free Cash Flow | $651M | $228M | $168M | 185.5% | 287.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $928M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $416M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $198M |
| Other Expenses | $0 |
| Operating Expenses | $614M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $688M |
| Interest Income | $15M |
| Interest Expense | $15M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $684M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $583M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $583M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $583M |
| D&A | $49M |
| EBIT | $699M |
| EBITDA | $748M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $928M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $416M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $198M |
| Other Expenses | $0 |
| Operating Expenses | $614M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $688M |
| Interest Income | $15M |
| Interest Expense | $15M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $684M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $583M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $583M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $583M |
| D&A | $49M |
| EBIT | $699M |
| EBITDA | $748M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $584M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $82M |
| Deferred Income Tax | $93M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$110M |
| OPERATING CASH FLOW | $705M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $327M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $262M |
| Net Debt Issuance | -$136M |
| Common Stock Repurchased | -$758M |
| Common Dividends Paid | -$84M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$968M |
| FREE CASH FLOW | $651M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $3.9B |
| Net Receivables | $1.2B |
| Inventory | $855M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.1B |
| PP&E (Net) | $578M |
| Goodwill | $618M |
| Intangible Assets | $76M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $9.4B |
| Account Payables | $431M |
| Short-Term Debt | $86M |
| Deferred Revenue | $74M |
| Other Current Liabilities | $232M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $252M |
| Other Non-Current Liabilities | $150M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $5.0B |
| Retained Earnings | $7.0B |
| Treasury Stock | -$6.1B |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $9.4B |
| Total Debt | $2.1B |
| Net Debt | $85M |
