| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $1.8B | 5.9% | 18.4% |
| Op. Income | $843M | $824M | $655M | 2.3% | 28.7% |
| Gross Margin | 97.4% | 97.8% | 97.9% | -0.3pp | -0.5pp |
| Net Margin | 26.4% | 25.9% | 22.8% | 0.5pp | 3.6pp |
| EPS (Diluted) | $0.39 | $0.36 | $0.29 | 8.3% | 34.5% |
| Free Cash Flow | -$1.7B | $1.6B | -$425M | -202.7% | -289.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $55M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $873M |
| Other Expenses | $365M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $843M |
| Interest Income | $1.1B |
| Interest Expense | $55M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $843M |
| Income Tax Expense | $279M |
| Net Income from Continuing Ops | $564M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $564M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $525M |
| D&A | $65M |
| EBIT | $843M |
| EBITDA | $908M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $55M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $873M |
| Other Expenses | $365M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $843M |
| Interest Income | $1.1B |
| Interest Expense | $55M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $843M |
| Income Tax Expense | $279M |
| Net Income from Continuing Ops | $564M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $564M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $525M |
| D&A | $65M |
| EBIT | $843M |
| EBITDA | $908M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $564M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $84M |
| Change in Working Capital | -$2.3B |
| OPERATING CASH FLOW | -$1.6B |
| Capital Expenditure | -$80M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11.3B |
| Sales/Maturities of Investments | $5.9B |
| Other Investing Activities | -$76M |
| NET CASH FROM INVESTING | -$5.6B |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$158M |
| Other Financing Activities | $3.5B |
| NET CASH FROM FINANCING | $4.6B |
| FREE CASH FLOW | -$1.7B |
| Net Change in Cash | -$2.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.5B |
| Short-Term Investments | $50.6B |
| Net Receivables | $17.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $77.5B |
| PP&E (Net) | $1.3B |
| Goodwill | $1.2B |
| Intangible Assets | $135M |
| Long-Term Investments | $159.1B |
| Tax Assets | -$17.4B |
| Other Non-Current Assets | -$12.2B |
| TOTAL NON-CURRENT ASSETS | $149.5B |
| TOTAL ASSETS | $227.1B |
| Account Payables | $36.9B |
| Short-Term Debt | $600M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $167.0B |
| TOTAL CURRENT LIABILITIES | $206.6B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $206.0B |
| TOTAL NON-CURRENT LIABILITIES | $209.5B |
| TOTAL LIABILITIES | $210.1B |
| Common Stock | $15M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $13.1B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$132M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.0B |
| TOTAL LIABILITIES & EQUITY | $227.1B |
| Total Debt | $4.1B |
| Net Debt | -$5.4B |
