| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.1B | $7.0B | $6.1B | -13.0% | -0.3% |
| Op. Income | $2.4B | $2.6B | $2.5B | -7.5% | -2.3% |
| Gross Margin | 64.1% | 64.2% | 65.5% | -0.1pp | -1.4pp |
| Net Margin | 26.2% | 24.5% | 25.2% | 1.7pp | 1.1pp |
| EPS (Diluted) | $1.02 | $1.10 | $0.98 | -7.3% | 4.1% |
| Free Cash Flow | $551M | $1.7B | $236M | -67.8% | 133.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $3M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $219M |
| Other Income/Expenses | -$239M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $541M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $197M |
| EBIT | $2.4B |
| EBITDA | $2.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.5B |
| SG&A Expenses | $1.5B |
| Other Expenses | $3M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $219M |
| Other Income/Expenses | -$239M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $541M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $197M |
| EBIT | $2.4B |
| EBITDA | $2.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $197M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | $27M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | $843M |
| Capital Expenditure | -$292M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$282M |
| NET CASH FROM INVESTING | -$579M |
| Net Debt Issuance | $2.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | -$83M |
| NET CASH FROM FINANCING | $341M |
| FREE CASH FLOW | $551M |
| Net Change in Cash | $837M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.1B |
| Short-Term Investments | $0 |
| Net Receivables | $3.1B |
| Inventory | $8.0B |
| Other Current Assets | $711M |
| TOTAL CURRENT ASSETS | $16.9B |
| PP&E (Net) | $6.3B |
| Goodwill | $7.5B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $1.1B |
| Tax Assets | $834M |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $19.7B |
| TOTAL ASSETS | $36.6B |
| Account Payables | $1.7B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.8B |
| TOTAL CURRENT LIABILITIES | $13.4B |
| Long-Term Debt | $28.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | $3.5B |
| TOTAL NON-CURRENT LIABILITIES | $33.8B |
| TOTAL LIABILITIES | $47.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $30.4B |
| Treasury Stock | -$35.4B |
| Accum. Other Comp. Income | -$9.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$12.4B |
| Minority Interest | $1.8B |
| TOTAL EQUITY | -$10.6B |
| TOTAL LIABILITIES & EQUITY | $36.6B |
| Total Debt | $31.3B |
| Net Debt | $26.3B |
