| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.3B | $13.5B | — | -1.2% | — |
| Op. Income | $3.9B | $4.1B | — | -4.1% | — |
| Gross Margin | 70.5% | 69.6% | — | 0.8pp | — |
| Net Margin | 30.9% | 28.8% | — | 2.2pp | — |
| EPS (Diluted) | $0.69 | $0.65 | — | 6.2% | — |
| Free Cash Flow | $4.7B | $3.4B | — | 38.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $13.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $9.4B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.5B |
| Other Expenses | $0 |
| Operating Expenses | $5.5B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $3.9B |
| Interest Income | $82M |
| Interest Expense | $310M |
| Other Income/Expenses | $281M |
| INCOME BEFORE TAX | $4.2B |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $4.1B |
| Net Income from Discontinued Ops | $11M |
| Other Adjustments | $0 |
| NET INCOME | $4.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.1B |
| D&A | $1.6B |
| EBIT | $4.5B |
| EBITDA | $6.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $9.4B |
| R&D Expenses | $2.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.5B |
| Other Expenses | $0 |
| Operating Expenses | $5.5B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $3.9B |
| Interest Income | $82M |
| Interest Expense | $310M |
| Other Income/Expenses | $281M |
| INCOME BEFORE TAX | $4.2B |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $4.1B |
| Net Income from Discontinued Ops | $11M |
| Other Adjustments | $0 |
| NET INCOME | $4.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.1B |
| D&A | $1.6B |
| EBIT | $4.5B |
| EBITDA | $6.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4.1B |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $303M |
| Deferred Income Tax | -$474M |
| Other Non-Cash Items | -$1.1B |
| Change in Working Capital | $809M |
| OPERATING CASH FLOW | $5.3B |
| Capital Expenditure | -$562M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | -$4.7B |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | $126M |
| NET CASH FROM INVESTING | -$2.9B |
| Net Debt Issuance | $790M |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$2.0B |
| Other Financing Activities | $903M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $4.7B |
| Net Change in Cash | $847M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $13.7B |
| Net Receivables | $13.7B |
| Inventory | $8.2B |
| Other Current Assets | $2.5B |
| TOTAL CURRENT ASSETS | $41.6B |
| PP&E (Net) | $14.0B |
| Goodwill | $55.6B |
| Intangible Assets | $45.3B |
| Long-Term Investments | $6.4B |
| Tax Assets | $1.9B |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $126.3B |
| TOTAL ASSETS | $167.8B |
| Account Payables | $4.3B |
| Short-Term Debt | $14.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.2B |
| TOTAL CURRENT LIABILITIES | $29.0B |
| Long-Term Debt | $33.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.5B |
| Other Non-Current Liabilities | $28.0B |
| TOTAL NON-CURRENT LIABILITIES | $67.2B |
| TOTAL LIABILITIES | $96.2B |
| Common Stock | $466M |
| Additional Paid-In Capital | $85.8B |
| Retained Earnings | $92.0B |
| Treasury Stock | -$96.6B |
| Accum. Other Comp. Income | -$10.4B |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | $71.3B |
| Minority Interest | $346M |
| TOTAL EQUITY | $71.7B |
| TOTAL LIABILITIES & EQUITY | $167.8B |
| Total Debt | $48.4B |
| Net Debt | $44.9B |
