| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.7B | $6.9B | $6.9B | 12.0% | 11.7% |
| Op. Income | $3.1B | $2.4B | $2.7B | 27.6% | 12.8% |
| Gross Margin | 64.5% | 62.1% | 63.6% | 2.4pp | 0.9pp |
| Net Margin | 28.4% | 22.6% | 25.7% | 5.9pp | 2.7pp |
| EPS (Diluted) | $1.41 | $1.00 | $1.14 | 41.0% | 23.7% |
| Free Cash Flow | $3.6B | $1.0B | $3.0B | 253.1% | 21.1% |
| Item | Amount |
|---|---|
| REVENUE | $7.7B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.9B |
| SG&A Expenses | $1.9B |
| Other Expenses | $15M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $3.1B |
| Interest Income | $0 |
| Interest Expense | $168M |
| Other Income/Expenses | -$154M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $644M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $246M |
| EBIT | $3.1B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.7B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.9B |
| SG&A Expenses | $1.9B |
| Other Expenses | $15M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $3.1B |
| Interest Income | $0 |
| Interest Expense | $168M |
| Other Income/Expenses | -$154M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $644M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $246M |
| EBIT | $3.1B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.2B |
| Depreciation & Amortization | $246M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$71M |
| Other Non-Cash Items | $97M |
| Change in Working Capital | $1.5B |
| OPERATING CASH FLOW | $4.0B |
| Capital Expenditure | -$409M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $756M |
| NET CASH FROM INVESTING | $335M |
| Net Debt Issuance | -$2.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.7B |
| Other Financing Activities | -$137M |
| NET CASH FROM FINANCING | -$4.3B |
| FREE CASH FLOW | $3.6B |
| Net Change in Cash | -$609M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.6B |
| Short-Term Investments | $0 |
| Net Receivables | $3.8B |
| Inventory | $8.9B |
| Other Current Assets | $744M |
| TOTAL CURRENT ASSETS | $20.0B |
| PP&E (Net) | $7.1B |
| Goodwill | $7.3B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $1.4B |
| Tax Assets | $909M |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $20.7B |
| TOTAL ASSETS | $40.7B |
| Account Payables | $2.0B |
| Short-Term Debt | $3.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.6B |
| TOTAL CURRENT LIABILITIES | $17.4B |
| Long-Term Debt | $28.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $793M |
| Other Non-Current Liabilities | $4.6B |
| TOTAL NON-CURRENT LIABILITIES | $33.4B |
| TOTAL LIABILITIES | $50.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $30.4B |
| Treasury Stock | -$35.3B |
| Accum. Other Comp. Income | -$8.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$11.9B |
| Minority Interest | $1.7B |
| TOTAL EQUITY | -$10.2B |
| TOTAL LIABILITIES & EQUITY | $40.7B |
| Total Debt | $31.7B |
| Net Debt | $25.1B |
