| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.5B | $16.1B | — | 2.5% | — |
| Op. Income | $2.8B | $3.0B | — | -6.1% | — |
| Gross Margin | 54.3% | 54.9% | — | -0.5pp | — |
| Net Margin | 15.2% | 11.3% | — | 3.8pp | — |
| EPS (Diluted) | $1.75 | $1.28 | — | 36.7% | — |
| Free Cash Flow | $3.0B | $1.8B | — | 67.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $16.5B |
| Cost of Revenue | $7.5B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.1B |
| Other Expenses | $0 |
| Operating Expenses | $6.1B |
| Cost & Expenses | $13.6B |
| OPERATING INCOME | $2.8B |
| Interest Income | $81M |
| Interest Expense | $302M |
| Other Income/Expenses | -$147M |
| INCOME BEFORE TAX | $2.7B |
| Income Tax Expense | $188M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $566M |
| EBIT | $3.0B |
| EBITDA | $3.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $16.5B |
| Cost of Revenue | $7.5B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.1B |
| Other Expenses | $0 |
| Operating Expenses | $6.1B |
| Cost & Expenses | $13.6B |
| OPERATING INCOME | $2.8B |
| Interest Income | $81M |
| Interest Expense | $302M |
| Other Income/Expenses | -$147M |
| INCOME BEFORE TAX | $2.7B |
| Income Tax Expense | $188M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $566M |
| EBIT | $3.0B |
| EBITDA | $3.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.5B |
| Depreciation & Amortization | $566M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | -$442M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $934M |
| OPERATING CASH FLOW | $3.6B |
| Capital Expenditure | -$633M |
| Acquisitions (Net) | -$51M |
| Purchases of Investments | -$93M |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | $76M |
| NET CASH FROM INVESTING | $1.8B |
| Net Debt Issuance | -$5.5B |
| Common Stock Repurchased | -$458M |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$32M |
| NET CASH FROM FINANCING | -$7.2B |
| FREE CASH FLOW | $3.0B |
| Net Change in Cash | -$1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.0B |
| Short-Term Investments | $1.9B |
| Net Receivables | $8.0B |
| Inventory | $3.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $25.8B |
| PP&E (Net) | $16.5B |
| Goodwill | $14.3B |
| Intangible Assets | $13.5B |
| Long-Term Investments | $2.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $47.8B |
| TOTAL ASSETS | $73.6B |
| Account Payables | $15.2B |
| Short-Term Debt | $4.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.7B |
| Long-Term Debt | $30.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.4B |
| Other Non-Current Liabilities | $9.5B |
| TOTAL NON-CURRENT LIABILITIES | $43.5B |
| TOTAL LIABILITIES | $63.2B |
| Common Stock | $24M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | $54.4B |
| Treasury Stock | -$33.8B |
| Accum. Other Comp. Income | -$14.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.3B |
| Minority Interest | $103M |
| TOTAL EQUITY | $10.4B |
| TOTAL LIABILITIES & EQUITY | $73.6B |
| Total Debt | $35.1B |
| Net Debt | $23.1B |
