| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.2B | $2.9B | 31.7% | 2.9% |
| Op. Income | $1.2B | $539M | $1.2B | 120.8% | -2.4% |
| Gross Margin | 50.9% | 36.6% | 51.3% | 14.3pp | -0.3pp |
| Net Margin | 35.6% | 20.8% | 37.3% | 14.8pp | -1.7pp |
| EPS (Diluted) | $1.73 | $0.75 | $1.69 | 131.2% | 2.8% |
| Free Cash Flow | -$83M | $391M | -$102M | -121.3% | 18.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $144M |
| General & Administrative | $0 |
| SG&A Expenses | $144M |
| Other Expenses | $165M |
| Operating Expenses | $309M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $165M |
| EBIT | $1.2B |
| EBITDA | $1.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $144M |
| General & Administrative | $0 |
| SG&A Expenses | $144M |
| Other Expenses | $165M |
| Operating Expenses | $309M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $165M |
| EBIT | $1.2B |
| EBITDA | $1.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $165M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $125M |
| Other Non-Cash Items | -$129M |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | $247M |
| Capital Expenditure | -$331M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.3B |
| NET CASH FROM INVESTING | $972M |
| Net Debt Issuance | -$121M |
| Common Stock Repurchased | -$509M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$630M |
| FREE CASH FLOW | -$83M |
| Net Change in Cash | $589M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $2.4B |
| Net Receivables | $72M |
| Inventory | $4M |
| Other Current Assets | $474M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $8.9B |
| Goodwill | $0 |
| Intangible Assets | $55M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $391M |
| Short-Term Debt | $509M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $252M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $498M |
| Other Non-Current Liabilities | $859M |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $8.2B |
| Common Stock | $8M |
| Additional Paid-In Capital | $842M |
| Retained Earnings | $4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$124M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $4.9B |
| Net Debt | $3.1B |
