| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.6B | $3.3B | 0.7% | 8.3% |
| Op. Income | $847M | $875M | $782M | -3.2% | 8.3% |
| Gross Margin | 51.0% | 51.6% | 50.9% | -0.6pp | 0.1pp |
| Net Margin | 17.8% | 10.8% | 15.0% | 7.0pp | 2.8pp |
| EPS (Diluted) | $0.83 | $0.49 | $0.61 | 69.4% | 36.1% |
| Free Cash Flow | $1.9B | $2.5B | $1.8B | -22.5% | 9.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $121M |
| General & Administrative | $358M |
| SG&A Expenses | $479M |
| Other Expenses | $509M |
| Operating Expenses | $988M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $847M |
| Interest Income | $4.2B |
| Interest Expense | $402M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $847M |
| Income Tax Expense | $207M |
| Net Income from Continuing Ops | $640M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $640M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $640M |
| D&A | $71M |
| EBIT | $847M |
| EBITDA | $918M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $121M |
| General & Administrative | $358M |
| SG&A Expenses | $479M |
| Other Expenses | $509M |
| Operating Expenses | $988M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $847M |
| Interest Income | $4.2B |
| Interest Expense | $402M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $847M |
| Income Tax Expense | $207M |
| Net Income from Continuing Ops | $640M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $640M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $640M |
| D&A | $71M |
| EBIT | $847M |
| EBITDA | $918M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $640M |
| Depreciation & Amortization | $71M |
| Stock-Based Compensation | $1.4B |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | $170M |
| Change in Working Capital | -$347M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.5B |
| Sales/Maturities of Investments | $718M |
| Other Investing Activities | $2.6B |
| NET CASH FROM INVESTING | $755M |
| Net Debt Issuance | $213M |
| Common Stock Repurchased | -$410M |
| Common Dividends Paid | -$114M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$313M |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | $2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.0B |
| Short-Term Investments | $6.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19.3B |
| PP&E (Net) | $0 |
| Goodwill | $991M |
| Intangible Assets | $780M |
| Long-Term Investments | $77.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.4B |
| TOTAL NON-CURRENT ASSETS | $76.3B |
| TOTAL ASSETS | $95.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56.6B |
| TOTAL CURRENT LIABILITIES | $60.2B |
| Long-Term Debt | $21.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $21.0B |
| TOTAL LIABILITIES | $81.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $9.5B |
| Retained Earnings | $7.3B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | -$86M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.4B |
| TOTAL LIABILITIES & EQUITY | $95.6B |
| Total Debt | $21.0B |
| Net Debt | $8.0B |
