| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $913M | $1.1B | $852M | -13.2% | 7.2% |
| Op. Income | $289M | $384M | $281M | -24.5% | 2.9% |
| Gross Margin | 50.2% | 51.0% | 49.9% | -0.8pp | 0.3pp |
| Net Margin | 30.2% | 6.7% | 26.4% | 23.5pp | 3.8pp |
| EPS (Diluted) | $1.50 | $0.38 | $1.20 | 294.7% | 25.0% |
| Free Cash Flow | $344M | $327M | $181M | 5.3% | 90.0% |
| Item | Amount |
|---|---|
| REVENUE | $913M |
| Cost of Revenue | $455M |
| GROSS PROFIT | $459M |
| R&D Expenses | $107M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $5M |
| Operating Expenses | $169M |
| Cost & Expenses | $624M |
| OPERATING INCOME | $289M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $292M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $276M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $72M |
| EBIT | $290M |
| EBITDA | $362M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $913M |
| Cost of Revenue | $455M |
| GROSS PROFIT | $459M |
| R&D Expenses | $107M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $5M |
| Operating Expenses | $169M |
| Cost & Expenses | $624M |
| OPERATING INCOME | $289M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $292M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $276M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $72M |
| EBIT | $290M |
| EBITDA | $362M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $276M |
| Depreciation & Amortization | $72M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $434M |
| Capital Expenditure | -$90M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$90M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$114M |
| Common Dividends Paid | -$58M |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | -$144M |
| FREE CASH FLOW | $344M |
| Net Change in Cash | $200M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $367M |
| Inventory | $466M |
| Other Current Assets | $96M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $907M |
| Goodwill | $883M |
| Intangible Assets | $63M |
| Long-Term Investments | $0 |
| Tax Assets | $41M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $198M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $319M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $321M |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $356M |
| TOTAL LIABILITIES | $675M |
| Common Stock | $46M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $0 |
| Net Debt | -$1.9B |
