| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.2B | $2.0B | 2.5% | 15.5% |
| Op. Income | $945M | $909M | $794M | 4.0% | 19.0% |
| Gross Margin | 95.8% | 96.6% | 97.6% | -0.8pp | -1.8pp |
| Net Margin | 27.4% | 26.1% | 25.7% | 1.3pp | 1.6pp |
| EPS (Diluted) | $0.42 | $0.39 | $0.35 | 7.7% | 20.0% |
| Free Cash Flow | $3.2B | $635M | -$626M | 404.9% | 612.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $94M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $824M |
| Other Expenses | $396M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $945M |
| Interest Income | $1.2B |
| Interest Expense | $94M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $945M |
| Income Tax Expense | $327M |
| Net Income from Continuing Ops | $618M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $618M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $575M |
| D&A | $69M |
| EBIT | $945M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $94M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $824M |
| Other Expenses | $396M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $945M |
| Interest Income | $1.2B |
| Interest Expense | $94M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $945M |
| Income Tax Expense | $327M |
| Net Income from Continuing Ops | $618M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $618M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $575M |
| D&A | $69M |
| EBIT | $945M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $618M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $108M |
| Change in Working Capital | $2.5B |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$103M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10.9B |
| Sales/Maturities of Investments | $5.6B |
| Other Investing Activities | -$516M |
| NET CASH FROM INVESTING | -$5.9B |
| Net Debt Issuance | $4.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$163M |
| Other Financing Activities | $3.0B |
| NET CASH FROM FINANCING | $7.3B |
| FREE CASH FLOW | $3.2B |
| Net Change in Cash | $4.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.3B |
| Short-Term Investments | $48.1B |
| Net Receivables | $19.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $79.4B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.2B |
| Intangible Assets | $115M |
| Long-Term Investments | $162.9B |
| Tax Assets | -$19.1B |
| Other Non-Current Assets | -$14.3B |
| TOTAL NON-CURRENT ASSETS | $151.3B |
| TOTAL ASSETS | $230.7B |
| Account Payables | $36.9B |
| Short-Term Debt | $5.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $165.4B |
| TOTAL CURRENT LIABILITIES | $209.4B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $204.4B |
| TOTAL NON-CURRENT LIABILITIES | $207.7B |
| TOTAL LIABILITIES | $212.7B |
| Common Stock | $15M |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | $14.0B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | -$106M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $18.0B |
| TOTAL LIABILITIES & EQUITY | $230.7B |
| Total Debt | $8.3B |
| Net Debt | -$4.0B |
