| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.0B | $9.9B | $9.2B | 11.5% | 19.3% |
| Op. Income | $2.8B | $2.8B | $2.6B | 0.5% | 8.6% |
| Gross Margin | 70.9% | 72.4% | 77.2% | -1.5pp | -6.3pp |
| Net Margin | 20.6% | 22.6% | 22.1% | -2.0pp | -1.5pp |
| EPS (Diluted) | $1.54 | $1.51 | $1.35 | 1.9% | 13.5% |
| Free Cash Flow | $11.0B | -$5.2B | $7.4B | 312.4% | 47.7% |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.3B |
| SG&A Expenses | $3.3B |
| Other Expenses | $1.7B |
| Operating Expenses | $5.0B |
| Cost & Expenses | $8.2B |
| OPERATING INCOME | $2.8B |
| Interest Income | $6.3B |
| Interest Expense | $2.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $576M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $306M |
| EBIT | $2.8B |
| EBITDA | $3.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.3B |
| SG&A Expenses | $3.3B |
| Other Expenses | $1.7B |
| Operating Expenses | $5.0B |
| Cost & Expenses | $8.2B |
| OPERATING INCOME | $2.8B |
| Interest Income | $6.3B |
| Interest Expense | $2.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $576M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $306M |
| EBIT | $2.8B |
| EBITDA | $3.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $306M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $66M |
| Other Non-Cash Items | $225M |
| Change in Working Capital | $8.5B |
| OPERATING CASH FLOW | $11.3B |
| Capital Expenditure | -$381M |
| Acquisitions (Net) | $10M |
| Purchases of Investments | -$10.4B |
| Sales/Maturities of Investments | $9.9B |
| Other Investing Activities | -$8.9B |
| NET CASH FROM INVESTING | -$9.8B |
| Net Debt Issuance | -$657M |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$1.0B |
| Other Financing Activities | -$379M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $11.0B |
| Net Change in Cash | -$549M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59.4B |
| Short-Term Investments | $66.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $125.7B |
| PP&E (Net) | $2.0B |
| Goodwill | $8.1B |
| Intangible Assets | $3.4B |
| Long-Term Investments | $478.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $329.5B |
| TOTAL NON-CURRENT ASSETS | $819.5B |
| TOTAL ASSETS | $945.3B |
| Account Payables | $0 |
| Short-Term Debt | $130.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $633.0B |
| TOTAL CURRENT LIABILITIES | $763.3B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $118.3B |
| TOTAL NON-CURRENT LIABILITIES | $125.0B |
| TOTAL LIABILITIES | $888.3B |
| Common Stock | $12.8B |
| Additional Paid-In Capital | $12.8B |
| Retained Earnings | $36.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $56.9B |
| Minority Interest | $67M |
| TOTAL EQUITY | $57.0B |
| TOTAL LIABILITIES & EQUITY | $945.3B |
| Total Debt | $137.0B |
| Net Debt | $77.6B |
