| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.5B | $4.3B | -7.1% | -3.4% |
| Op. Income | $1.9B | $2.1B | $1.9B | -10.0% | -3.0% |
| Gross Margin | 83.9% | 84.6% | 85.5% | -0.7pp | -1.6pp |
| Net Margin | 36.7% | 34.7% | 35.6% | 2.0pp | 1.1pp |
| EPS (Diluted) | $0.31 | $0.32 | $0.30 | -1.5% | 2.1% |
| Free Cash Flow | $1.7B | $1.3B | $2.0B | 29.7% | -13.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $670M |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $522M |
| Selling & Marketing | $1.0B |
| General & Administrative | $141M |
| SG&A Expenses | $1.2B |
| Other Expenses | -$66M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $1.9B |
| Interest Income | $66M |
| Interest Expense | $4M |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $422M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $111M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $670M |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $522M |
| Selling & Marketing | $1.0B |
| General & Administrative | $141M |
| SG&A Expenses | $1.2B |
| Other Expenses | -$66M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $1.9B |
| Interest Income | $66M |
| Interest Expense | $4M |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $422M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $111M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $111M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $422M |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$314M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$312M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$665M |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | -$121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $470.7K |
| Net Receivables | $3.2B |
| Inventory | $2.4B |
| Other Current Assets | $867M |
| TOTAL CURRENT ASSETS | $9.0B |
| PP&E (Net) | $5.2B |
| Goodwill | $0 |
| Intangible Assets | $410M |
| Long-Term Investments | $347M |
| Tax Assets | $446M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6.4B |
| TOTAL ASSETS | $15.4B |
| Account Payables | $711M |
| Short-Term Debt | $41M |
| Deferred Revenue | $4.2B |
| Other Current Liabilities | $2.2B |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $213M |
| Other Non-Current Liabilities | $700M |
| TOTAL NON-CURRENT LIABILITIES | $913M |
| TOTAL LIABILITIES | $8.0B |
| Common Stock | $78M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7.1B |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $187M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.4B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $41M |
| Net Debt | -$3.0B |
