| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.0B | — | 8.4% | — |
| Op. Income | $733M | $639M | — | 14.7% | — |
| Gross Margin | 60.0% | 59.0% | — | 0.9pp | — |
| Net Margin | 30.1% | 27.0% | — | 3.1pp | — |
| EPS (Diluted) | $0.03 | $0.02 | — | 19.0% | — |
| Free Cash Flow | $670M | $394M | — | 70.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $870M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $394M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $176M |
| Other Expenses | $0 |
| Operating Expenses | $570M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $733M |
| Interest Income | $17M |
| Interest Expense | $19M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $725M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $654M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $654M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $654M |
| D&A | $47M |
| EBIT | $744M |
| EBITDA | $791M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $870M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $394M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $176M |
| Other Expenses | $0 |
| Operating Expenses | $570M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $733M |
| Interest Income | $17M |
| Interest Expense | $19M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $725M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $654M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $654M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $654M |
| D&A | $47M |
| EBIT | $744M |
| EBITDA | $791M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $654M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | $51M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$115M |
| OPERATING CASH FLOW | $721M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$885M |
| Sales/Maturities of Investments | $564M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$373M |
| Net Debt Issuance | -$226M |
| Common Stock Repurchased | -$230M |
| Common Dividends Paid | -$76M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$522M |
| FREE CASH FLOW | $670M |
| Net Change in Cash | -$174M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $5.0B |
| Net Receivables | $826M |
| Inventory | $794M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.5B |
| PP&E (Net) | $521M |
| Goodwill | $618M |
| Intangible Assets | $104M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $485M |
| Short-Term Debt | $827M |
| Deferred Revenue | $85M |
| Other Current Liabilities | $211M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $141M |
| Other Non-Current Liabilities | $126M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | $6.1B |
| Treasury Stock | -$5.0B |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $2.8B |
| Net Debt | $1.1B |
