| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $5.0B | $4.5B | 2.5% | 13.9% |
| Op. Income | $769M | $778M | $695M | -1.2% | 10.7% |
| Gross Margin | 45.9% | 45.8% | 47.1% | 0.1pp | -1.1pp |
| Net Margin | 10.4% | 12.3% | 10.5% | -1.8pp | -0.1pp |
| EPS (Diluted) | $1.34 | $1.56 | $1.19 | -14.1% | 12.6% |
| Free Cash Flow | $817M | $760M | $691M | 7.5% | 18.3% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $217M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $22M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $769M |
| Interest Income | $25M |
| Interest Expense | $157M |
| Other Income/Expenses | -$289M |
| INCOME BEFORE TAX | $480M |
| Income Tax Expense | -$54M |
| Net Income from Continuing Ops | $534M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $534M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $534M |
| D&A | $517M |
| EBIT | $637M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $217M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $22M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $769M |
| Interest Income | $25M |
| Interest Expense | $157M |
| Other Income/Expenses | -$289M |
| INCOME BEFORE TAX | $480M |
| Income Tax Expense | -$54M |
| Net Income from Continuing Ops | $534M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $534M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $534M |
| D&A | $517M |
| EBIT | $637M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $534M |
| Depreciation & Amortization | $517M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | -$185M |
| Other Non-Cash Items | $37M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $929M |
| Capital Expenditure | -$111M |
| Acquisitions (Net) | -$6.9B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$7.0B |
| Net Debt Issuance | $4.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$59M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $6.1B |
| FREE CASH FLOW | $817M |
| Net Change in Cash | $129M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $741M |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $3.1B |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $3.9B |
| Goodwill | $25.1B |
| Intangible Assets | $17.0B |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $47.1B |
| TOTAL ASSETS | $56.0B |
| Account Payables | $1.1B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $747M |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $7.0B |
| Long-Term Debt | $19.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.1B |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $24.3B |
| TOTAL LIABILITIES | $31.3B |
| Common Stock | $428M |
| Additional Paid-In Capital | $14.1B |
| Retained Earnings | $15.4B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$2.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $24.7B |
| TOTAL LIABILITIES & EQUITY | $56.0B |
| Total Debt | $22.0B |
| Net Debt | $21.2B |
