| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $985M | $901M | $835M | 9.3% | 17.9% |
| Op. Income | $346M | $305M | $292M | 13.5% | 18.5% |
| Gross Margin | 50.7% | 50.4% | 50.8% | 0.3pp | -0.1pp |
| Net Margin | 28.6% | 27.3% | 29.5% | 1.2pp | -1.0pp |
| EPS (Diluted) | $1.51 | $1.32 | $1.31 | 14.4% | 15.3% |
| Free Cash Flow | $328M | $201M | $434M | 63.1% | -24.4% |
| Item | Amount |
|---|---|
| REVENUE | $985M |
| Cost of Revenue | $486M |
| GROSS PROFIT | $499M |
| R&D Expenses | $92M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $5M |
| Operating Expenses | $153M |
| Cost & Expenses | $639M |
| OPERATING INCOME | $346M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $348M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $281M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $65M |
| EBIT | $346M |
| EBITDA | $411M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $985M |
| Cost of Revenue | $486M |
| GROSS PROFIT | $499M |
| R&D Expenses | $92M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $5M |
| Operating Expenses | $153M |
| Cost & Expenses | $639M |
| OPERATING INCOME | $346M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $348M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $281M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $65M |
| EBIT | $346M |
| EBITDA | $411M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $281M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$600.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $52M |
| OPERATING CASH FLOW | $425M |
| Capital Expenditure | -$97M |
| Acquisitions (Net) | -$42M |
| Purchases of Investments | $240M |
| Sales/Maturities of Investments | -$3M |
| Other Investing Activities | -$195M |
| NET CASH FROM INVESTING | -$97M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$103M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$155M |
| FREE CASH FLOW | $328M |
| Net Change in Cash | $173M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $455M |
| Inventory | $494M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $882M |
| Goodwill | $883M |
| Intangible Assets | $68M |
| Long-Term Investments | $0 |
| Tax Assets | $67M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $258M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $388M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $93M |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $120M |
| TOTAL LIABILITIES | $508M |
| Common Stock | $46M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $3.1B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $0 |
| Net Debt | -$1.6B |
