| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $4.6B | — | -30.0% | — |
| Op. Income | $315M | $1.2B | — | -72.8% | — |
| Gross Margin | 44.3% | 45.9% | — | -1.5pp | — |
| Net Margin | 26.0% | 17.5% | — | 8.5pp | — |
| EPS (Diluted) | $2.86 | $2.76 | — | 3.6% | — |
| Free Cash Flow | $528M | $1.8B | — | -70.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.1B |
| Other Expenses | $32M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $315M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $315M |
| Income Tax Expense | -$528M |
| Net Income from Continuing Ops | $843M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $842M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $842M |
| D&A | $51M |
| EBIT | $315M |
| EBITDA | $366M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.1B |
| Other Expenses | $32M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $315M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $315M |
| Income Tax Expense | -$528M |
| Net Income from Continuing Ops | $843M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $842M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $842M |
| D&A | $51M |
| EBIT | $315M |
| EBITDA | $366M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $843M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $33M |
| Other Non-Cash Items | $176M |
| Change in Working Capital | -$564M |
| OPERATING CASH FLOW | $559M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.1B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | -$207M |
| NET CASH FROM INVESTING | -$735M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$142M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$148M |
| FREE CASH FLOW | $528M |
| Net Change in Cash | -$324M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $59.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $760M |
| Goodwill | $1.1B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $61.8B |
| Tax Assets | $1.1B |
| Other Non-Current Assets | -$61.8B |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $253.9B |
| Account Payables | $0 |
| Short-Term Debt | $40M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$56M |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | -$1.1B |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $236.6B |
| TOTAL NON-CURRENT LIABILITIES | $240.9B |
| TOTAL LIABILITIES | $240.9B |
| Common Stock | $5M |
| Additional Paid-In Capital | $9.9B |
| Retained Earnings | $9.5B |
| Treasury Stock | -$6.7B |
| Accum. Other Comp. Income | $166M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.8B |
| Minority Interest | $174M |
| TOTAL EQUITY | $13.0B |
| TOTAL LIABILITIES & EQUITY | $253.9B |
| Total Debt | $3.2B |
| Net Debt | $747M |
