| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $6.0B | $4.8B | -3.2% | 22.8% |
| Op. Income | $844M | $1.0B | $710M | -16.4% | 18.9% |
| Gross Margin | 44.2% | 39.7% | 46.7% | 4.4pp | -2.5pp |
| Net Margin | 9.9% | 8.7% | 11.6% | 1.2pp | -1.7pp |
| EPS (Diluted) | $1.43 | $1.30 | $1.40 | 10.0% | 2.1% |
| Free Cash Flow | -$40M | $1.7B | $268M | -102.4% | -114.9% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $234M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $31M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $844M |
| Interest Income | $20M |
| Interest Expense | $163M |
| Other Income/Expenses | -$210M |
| INCOME BEFORE TAX | $634M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $579M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $579M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $579M |
| D&A | $575M |
| EBIT | $797M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $234M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $31M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $844M |
| Interest Income | $20M |
| Interest Expense | $163M |
| Other Income/Expenses | -$210M |
| INCOME BEFORE TAX | $634M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $579M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $579M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $579M |
| D&A | $575M |
| EBIT | $797M |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $579M |
| Depreciation & Amortization | $575M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | -$121M |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | $78M |
| Capital Expenditure | -$118M |
| Acquisitions (Net) | -$57M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$179M |
| Net Debt Issuance | -$271M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$60M |
| Other Financing Activities | -$50M |
| NET CASH FROM FINANCING | -$342M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$386M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $950M |
| Short-Term Investments | $0 |
| Net Receivables | $4.0B |
| Inventory | $2.9B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $9.6B |
| PP&E (Net) | $4.1B |
| Goodwill | $25.4B |
| Intangible Assets | $16.4B |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $47.0B |
| TOTAL ASSETS | $56.6B |
| Account Payables | $1.4B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $909M |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $18.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.6B |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $23.4B |
| TOTAL LIABILITIES | $30.5B |
| Common Stock | $429M |
| Additional Paid-In Capital | $14.3B |
| Retained Earnings | $16.5B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$2.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.1B |
| TOTAL LIABILITIES & EQUITY | $56.6B |
| Total Debt | $20.9B |
| Net Debt | $20.0B |
