| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | $2.0B | 4.5% | 17.1% |
| Op. Income | $953M | $945M | $824M | 0.8% | 15.7% |
| Gross Margin | 95.0% | 95.8% | 97.8% | -0.9pp | -2.8pp |
| Net Margin | 25.3% | 27.4% | 25.9% | -2.1pp | -0.6pp |
| EPS (Diluted) | $0.41 | $0.42 | $0.36 | -2.4% | 13.9% |
| Free Cash Flow | -$698M | $3.2B | $1.6B | -121.8% | -143.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $119M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $276M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $953M |
| Interest Income | $1.3B |
| Interest Expense | $119M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $953M |
| Income Tax Expense | $356M |
| Net Income from Continuing Ops | $597M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $597M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $550M |
| D&A | $69M |
| EBIT | $953M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $119M |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $276M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $953M |
| Interest Income | $1.3B |
| Interest Expense | $119M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $953M |
| Income Tax Expense | $356M |
| Net Income from Continuing Ops | $597M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $597M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $550M |
| D&A | $69M |
| EBIT | $953M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $597M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $176M |
| Change in Working Capital | -$1.4B |
| OPERATING CASH FLOW | -$565M |
| Capital Expenditure | -$133M |
| Acquisitions (Net) | -$242M |
| Purchases of Investments | -$21.7B |
| Sales/Maturities of Investments | $9.1B |
| Other Investing Activities | -$519M |
| NET CASH FROM INVESTING | -$13.2B |
| Net Debt Issuance | $11.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$136M |
| Other Financing Activities | $4.4B |
| NET CASH FROM FINANCING | $15.8B |
| FREE CASH FLOW | -$698M |
| Net Change in Cash | $2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.2B |
| Short-Term Investments | $50.0B |
| Net Receivables | $22.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $86.4B |
| PP&E (Net) | $1.5B |
| Goodwill | $1.2B |
| Intangible Assets | $108M |
| Long-Term Investments | $171.8B |
| Tax Assets | -$21.8B |
| Other Non-Current Assets | -$17.8B |
| TOTAL NON-CURRENT ASSETS | $156.8B |
| TOTAL ASSETS | $243.3B |
| Account Payables | $32.5B |
| Short-Term Debt | $15.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $169.9B |
| TOTAL CURRENT LIABILITIES | $220.0B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $205.0B |
| TOTAL NON-CURRENT LIABILITIES | $209.7B |
| TOTAL LIABILITIES | $224.7B |
| Common Stock | $15M |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | $14.4B |
| Treasury Stock | -$2.9B |
| Accum. Other Comp. Income | -$152M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $18.5B |
| TOTAL LIABILITIES & EQUITY | $243.3B |
| Total Debt | $19.8B |
| Net Debt | $5.5B |
