| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.5B | $6.9B | $7.0B | 8.0% | 7.0% |
| Op. Income | $3.1B | $2.7B | $3.0B | 12.8% | 3.7% |
| Gross Margin | 63.4% | 63.6% | 65.2% | -0.2pp | -1.8pp |
| Net Margin | 26.4% | 25.7% | 27.8% | 0.6pp | -1.4pp |
| EPS (Diluted) | $1.27 | $1.14 | $1.25 | 11.4% | 1.6% |
| Free Cash Flow | $1.5B | $3.0B | $2.8B | -49.8% | -47.7% |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.6B |
| SG&A Expenses | $1.6B |
| Other Expenses | $1M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $3.1B |
| Interest Income | $0 |
| Interest Expense | $223M |
| Other Income/Expenses | -$231M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $812M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $225M |
| EBIT | $3.1B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.6B |
| SG&A Expenses | $1.6B |
| Other Expenses | $1M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $3.1B |
| Interest Income | $0 |
| Interest Expense | $223M |
| Other Income/Expenses | -$231M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $812M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $225M |
| EBIT | $3.1B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $225M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | -$425M |
| Other Non-Cash Items | $45M |
| Change in Working Capital | $75M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$435M |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$597M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $2.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | $359M |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.7B |
| Short-Term Investments | $0 |
| Net Receivables | $4.0B |
| Inventory | $8.3B |
| Other Current Assets | $924M |
| TOTAL CURRENT ASSETS | $20.9B |
| PP&E (Net) | $6.9B |
| Goodwill | $7.7B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $1.1B |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $21.1B |
| TOTAL ASSETS | $42.0B |
| Account Payables | $2.0B |
| Short-Term Debt | $5.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.3B |
| TOTAL CURRENT LIABILITIES | $18.5B |
| Long-Term Debt | $28.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $33.1B |
| TOTAL LIABILITIES | $51.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $30.8B |
| Treasury Stock | -$35.4B |
| Accum. Other Comp. Income | -$8.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$11.4B |
| Minority Interest | $1.8B |
| TOTAL EQUITY | -$9.6B |
| TOTAL LIABILITIES & EQUITY | $42.0B |
| Total Debt | $34.0B |
| Net Debt | $26.3B |
