| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.8B | $5.0B | $4.3B | -3.8% | 10.9% |
| Op. Income | $710M | $847M | $518M | -16.2% | 37.0% |
| Gross Margin | 46.7% | 47.3% | 47.9% | -0.6pp | -1.2pp |
| Net Margin | 11.6% | 12.7% | 9.4% | -1.1pp | 2.2pp |
| EPS (Diluted) | $1.40 | $1.59 | $1.01 | -11.9% | 38.6% |
| Free Cash Flow | $268M | $1.1B | $174M | -75.0% | 54.1% |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $215M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $25M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $710M |
| Interest Income | $19M |
| Interest Expense | $135M |
| Other Income/Expenses | -$207M |
| INCOME BEFORE TAX | $503M |
| Income Tax Expense | -$49M |
| Net Income from Continuing Ops | $551M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $551M |
| Net Income Deductions | -$400.0K |
| BOTTOM LINE NET INCOME | $551M |
| D&A | $465M |
| EBIT | $638M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $215M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $25M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $710M |
| Interest Income | $19M |
| Interest Expense | $135M |
| Other Income/Expenses | -$207M |
| INCOME BEFORE TAX | $503M |
| Income Tax Expense | -$49M |
| Net Income from Continuing Ops | $551M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $551M |
| Net Income Deductions | -$400.0K |
| BOTTOM LINE NET INCOME | $551M |
| D&A | $465M |
| EBIT | $638M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $551M |
| Depreciation & Amortization | $465M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$127M |
| Other Non-Cash Items | $58M |
| Change in Working Capital | -$618M |
| OPERATING CASH FLOW | $362M |
| Capital Expenditure | -$93M |
| Acquisitions (Net) | -$301M |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$382M |
| Net Debt Issuance | $382M |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | -$59M |
| Other Financing Activities | $58M |
| NET CASH FROM FINANCING | -$119M |
| FREE CASH FLOW | $268M |
| Net Change in Cash | -$74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $713M |
| Short-Term Investments | $0 |
| Net Receivables | $3.1B |
| Inventory | $2.3B |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $7.2B |
| PP&E (Net) | $2.6B |
| Goodwill | $21.6B |
| Intangible Assets | $13.8B |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $39.0B |
| TOTAL ASSETS | $46.2B |
| Account Payables | $1.0B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $539M |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $15.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.5B |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $19.1B |
| TOTAL LIABILITIES | $24.4B |
| Common Stock | $416M |
| Additional Paid-In Capital | $12.3B |
| Retained Earnings | $14.4B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.8B |
| TOTAL LIABILITIES & EQUITY | $46.2B |
| Total Debt | $17.1B |
| Net Debt | $16.3B |
