| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.2B | $13.2B | $11.8B | -15.2% | -5.3% |
| Op. Income | $2.4B | $2.1B | $1.9B | 14.5% | 23.4% |
| Gross Margin | 69.1% | 65.9% | 65.2% | 3.2pp | 3.9pp |
| Net Margin | 18.1% | 15.0% | 14.1% | 3.1pp | 4.0pp |
| EPS (Diluted) | $0.86 | $0.84 | $0.70 | 2.4% | 22.9% |
| Free Cash Flow | $1.7B | $2.4B | $1.3B | -29.6% | 30.8% |
| Item | Amount |
|---|---|
| REVENUE | $11.2B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $7.7B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.3B |
| Other Expenses | $75M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $8.8B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $218M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $370M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $58M |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $1.0B |
| EBIT | $2.6B |
| EBITDA | $3.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.2B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $7.7B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.3B |
| Other Expenses | $75M |
| Operating Expenses | $5.3B |
| Cost & Expenses | $8.8B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $218M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $370M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $58M |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $1.0B |
| EBIT | $2.6B |
| EBITDA | $3.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $182M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.5B |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$798M |
| Acquisitions (Net) | -$3.5B |
| Purchases of Investments | -$185M |
| Sales/Maturities of Investments | $161M |
| Other Investing Activities | $235M |
| NET CASH FROM INVESTING | -$4.1B |
| Net Debt Issuance | $5.2B |
| Common Stock Repurchased | -$175M |
| Common Dividends Paid | -$7.0B |
| Other Financing Activities | $379M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | -$3.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.8B |
| Short-Term Investments | $609M |
| Net Receivables | $9.1B |
| Inventory | $7.2B |
| Other Current Assets | $10.3B |
| TOTAL CURRENT ASSETS | $33.1B |
| PP&E (Net) | $16.7B |
| Goodwill | $34.1B |
| Intangible Assets | $32.1B |
| Long-Term Investments | $10.5B |
| Tax Assets | $8.2B |
| Other Non-Current Assets | $818M |
| TOTAL NON-CURRENT ASSETS | $102.5B |
| TOTAL ASSETS | $135.5B |
| Account Payables | $5.0B |
| Short-Term Debt | $10.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.3B |
| TOTAL CURRENT LIABILITIES | $28.2B |
| Long-Term Debt | $23.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.9B |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $36.1B |
| TOTAL LIABILITIES | $64.3B |
| Common Stock | $969M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $73.5B |
| Treasury Stock | -$93M |
| Accum. Other Comp. Income | $70.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $71.1B |
| Minority Interest | $113M |
| TOTAL EQUITY | $71.2B |
| TOTAL LIABILITIES & EQUITY | $135.5B |
| Total Debt | $34.1B |
| Net Debt | $28.3B |
