| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $6.8B | $6.3B | -3.3% | 4.0% |
| Op. Income | $1.5B | $1.1B | $1.3B | 41.9% | 19.1% |
| Gross Margin | 70.1% | 69.0% | 69.3% | 1.1pp | 0.8pp |
| Net Margin | 17.6% | 11.6% | 13.6% | 6.0pp | 4.0pp |
| EPS (Diluted) | $0.96 | $0.65 | $0.71 | 46.4% | 34.4% |
| Free Cash Flow | $300M | $378M | $523M | -20.4% | -42.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $913M |
| Selling & Marketing | $1.9B |
| General & Administrative | $293M |
| SG&A Expenses | $2.2B |
| Other Expenses | -$82M |
| Operating Expenses | $3.0B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $1.5B |
| Interest Income | $152M |
| Interest Expense | $68M |
| Other Income/Expenses | $89M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $465M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $373M |
| EBIT | $1.7B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $913M |
| Selling & Marketing | $1.9B |
| General & Administrative | $293M |
| SG&A Expenses | $2.2B |
| Other Expenses | -$82M |
| Operating Expenses | $3.0B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $1.5B |
| Interest Income | $152M |
| Interest Expense | $68M |
| Other Income/Expenses | $89M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $465M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1M |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $373M |
| EBIT | $1.7B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $373M |
| Stock-Based Compensation | $292M |
| Deferred Income Tax | $465M |
| Other Non-Cash Items | -$497M |
| Change in Working Capital | -$787M |
| OPERATING CASH FLOW | $714M |
| Capital Expenditure | -$414M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$298M |
| Sales/Maturities of Investments | $359M |
| Other Investing Activities | -$378M |
| NET CASH FROM INVESTING | -$317M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | -$337M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$351M |
| FREE CASH FLOW | $300M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.9B |
| Short-Term Investments | $1.2B |
| Net Receivables | $6.1B |
| Inventory | $0 |
| Other Current Assets | $2.1B |
| TOTAL CURRENT ASSETS | $13.1B |
| PP&E (Net) | $3.3B |
| Goodwill | $25.0B |
| Intangible Assets | $3.6B |
| Long-Term Investments | $1.4B |
| Tax Assets | $786M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $35.3B |
| TOTAL ASSETS | $48.4B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $4.1B |
| Other Current Liabilities | $4.2B |
| TOTAL CURRENT LIABILITIES | $11.1B |
| Long-Term Debt | $6.8B |
| Deferred Revenue NC | $98M |
| Deferred Tax Liabilities | $493M |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $8.8B |
| TOTAL LIABILITIES | $19.9B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $664M |
| Retained Earnings | $26.9B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | $1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28.5B |
| Minority Interest | $1M |
| TOTAL EQUITY | $28.5B |
| TOTAL LIABILITIES & EQUITY | $48.4B |
| Total Debt | $8.3B |
| Net Debt | $3.4B |
