| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.4B | $2.1B | 8.3% | 19.7% |
| Op. Income | $1.0B | $953M | $843M | 5.1% | 18.9% |
| Gross Margin | 93.8% | 95.0% | 97.4% | -1.1pp | -3.6pp |
| Net Margin | 30.6% | 25.3% | 26.4% | 5.3pp | 4.2pp |
| EPS (Diluted) | $0.55 | $0.41 | $0.39 | 34.1% | 41.0% |
| Free Cash Flow | $126M | -$698M | -$1.7B | 118.1% | 107.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $158M |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $956M |
| Other Expenses | $440M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $1.0B |
| Interest Income | $1.4B |
| Interest Expense | $158M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $219M |
| Net Income from Continuing Ops | $783M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $783M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $746M |
| D&A | $73M |
| EBIT | $1.0B |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $158M |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $956M |
| Other Expenses | $440M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $1.0B |
| Interest Income | $1.4B |
| Interest Expense | $158M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $219M |
| Net Income from Continuing Ops | $783M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $783M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $746M |
| D&A | $73M |
| EBIT | $1.0B |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $783M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $132M |
| Change in Working Capital | -$790M |
| OPERATING CASH FLOW | $248M |
| Capital Expenditure | -$122M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12.9B |
| Sales/Maturities of Investments | $6.2B |
| Other Investing Activities | $206M |
| NET CASH FROM INVESTING | -$6.5B |
| Net Debt Issuance | -$15.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$184M |
| Other Financing Activities | $20.6B |
| NET CASH FROM FINANCING | $4.8B |
| FREE CASH FLOW | $126M |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.1B |
| Short-Term Investments | $51.8B |
| Net Receivables | $22.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $88.0B |
| PP&E (Net) | $1.5B |
| Goodwill | $1.2B |
| Intangible Assets | $101M |
| Long-Term Investments | $178.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $182.3B |
| TOTAL ASSETS | $248.3B |
| Account Payables | $32.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $190.2B |
| TOTAL CURRENT LIABILITIES | $224.9B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $224.9B |
| TOTAL NON-CURRENT LIABILITIES | $229.0B |
| TOTAL LIABILITIES | $229.0B |
| Common Stock | $15M |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | $15.2B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | -$260M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.3B |
| TOTAL LIABILITIES & EQUITY | $248.3B |
| Total Debt | $4.1B |
| Net Debt | -$10.0B |
