| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $3.6B | $3.5B | 8.4% | 10.9% |
| Op. Income | $893M | $892M | $879M | 0.1% | 1.6% |
| Gross Margin | 50.1% | 52.1% | 52.4% | -2.0pp | -2.3pp |
| Net Margin | 17.3% | 19.4% | 15.8% | -2.2pp | 1.4pp |
| EPS (Diluted) | $0.91 | $0.92 | $0.70 | -1.1% | 30.0% |
| Free Cash Flow | $2.7B | $2.2B | $2.9B | 24.0% | -8.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $131M |
| General & Administrative | $365M |
| SG&A Expenses | $496M |
| Other Expenses | $558M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $893M |
| Interest Income | $4.7B |
| Interest Expense | $488M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $893M |
| Income Tax Expense | $222M |
| Net Income from Continuing Ops | $671M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $671M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $671M |
| D&A | $78M |
| EBIT | $893M |
| EBITDA | $971M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $131M |
| General & Administrative | $365M |
| SG&A Expenses | $496M |
| Other Expenses | $558M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $893M |
| Interest Income | $4.7B |
| Interest Expense | $488M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $893M |
| Income Tax Expense | $222M |
| Net Income from Continuing Ops | $671M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $671M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $671M |
| D&A | $78M |
| EBIT | $893M |
| EBITDA | $971M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $671M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $1.5B |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | $130M |
| Change in Working Capital | $397M |
| OPERATING CASH FLOW | $2.7B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$10.0B |
| NET CASH FROM INVESTING | -$10.5B |
| Net Debt Issuance | $2.0B |
| Common Stock Repurchased | -$967M |
| Common Dividends Paid | -$156M |
| Other Financing Activities | $3.3B |
| NET CASH FROM FINANCING | $4.2B |
| FREE CASH FLOW | $2.7B |
| Net Change in Cash | -$3.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.1B |
| Short-Term Investments | $7.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19.3B |
| PP&E (Net) | $0 |
| Goodwill | $1.0B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $87.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.5B |
| TOTAL NON-CURRENT ASSETS | $85.2B |
| TOTAL ASSETS | $104.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $62.3B |
| TOTAL CURRENT LIABILITIES | $66.8B |
| Long-Term Debt | $23.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $23.7B |
| TOTAL LIABILITIES | $90.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $9.5B |
| Retained Earnings | $8.4B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | -$99M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.0B |
| TOTAL LIABILITIES & EQUITY | $104.5B |
| Total Debt | $23.7B |
| Net Debt | $11.7B |
