| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $894M | $913M | $901M | -2.1% | -0.7% |
| Op. Income | $306M | $289M | $305M | 5.8% | 0.5% |
| Gross Margin | 50.5% | 50.2% | 50.4% | 0.3pp | 0.1pp |
| Net Margin | 32.0% | 30.2% | 27.3% | 1.8pp | 4.7pp |
| EPS (Diluted) | $1.57 | $1.50 | $1.32 | 4.7% | 18.9% |
| Free Cash Flow | $64M | $344M | $201M | -81.4% | -68.2% |
| Item | Amount |
|---|---|
| REVENUE | $894M |
| Cost of Revenue | $443M |
| GROSS PROFIT | $452M |
| R&D Expenses | $97M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $4M |
| Operating Expenses | $145M |
| Cost & Expenses | $588M |
| OPERATING INCOME | $306M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $311M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $287M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $287M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $287M |
| D&A | $75M |
| EBIT | $306M |
| EBITDA | $381M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $894M |
| Cost of Revenue | $443M |
| GROSS PROFIT | $452M |
| R&D Expenses | $97M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $4M |
| Operating Expenses | $145M |
| Cost & Expenses | $588M |
| OPERATING INCOME | $306M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $311M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $287M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $287M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $287M |
| D&A | $75M |
| EBIT | $306M |
| EBITDA | $381M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $287M |
| Depreciation & Amortization | $75M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$125M |
| OPERATING CASH FLOW | $258M |
| Capital Expenditure | -$194M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$523M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$685M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$241M |
| Common Dividends Paid | -$58M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$297M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | -$723M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $384M |
| Net Receivables | $468M |
| Inventory | $503M |
| Other Current Assets | $118M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $1.0B |
| Goodwill | $883M |
| Intangible Assets | $60M |
| Long-Term Investments | $106M |
| Tax Assets | $31M |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $230M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $358M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $310M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $342M |
| TOTAL LIABILITIES | $700M |
| Common Stock | $45M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $3.5B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $0 |
| Net Debt | -$1.2B |
