| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $6.1B | $5.1B | -2.6% | 15.7% |
| Op. Income | $881M | $960M | $769M | -8.2% | 14.6% |
| Gross Margin | 44.2% | 45.1% | 45.9% | -0.9pp | -1.7pp |
| Net Margin | 12.0% | 12.4% | 10.4% | -0.4pp | 1.5pp |
| EPS (Diluted) | $1.75 | $1.85 | $1.34 | -5.4% | 30.6% |
| Free Cash Flow | $1.0B | $1.3B | $817M | -17.0% | 28.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $240M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $31M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $881M |
| Interest Income | $41M |
| Interest Expense | $162M |
| Other Income/Expenses | -$71M |
| INCOME BEFORE TAX | $810M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $709M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $709M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $709M |
| D&A | $563M |
| EBIT | $972M |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $240M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $31M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $881M |
| Interest Income | $41M |
| Interest Expense | $162M |
| Other Income/Expenses | -$71M |
| INCOME BEFORE TAX | $810M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $709M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $709M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $709M |
| D&A | $563M |
| EBIT | $972M |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $709M |
| Depreciation & Amortization | $563M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | -$218M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $106M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$173M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$168M |
| Net Debt Issuance | -$575M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$69M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$876M |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | $155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $4.3B |
| Inventory | $3.0B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $9.6B |
| PP&E (Net) | $4.0B |
| Goodwill | $25.1B |
| Intangible Assets | $15.2B |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $45.5B |
| TOTAL ASSETS | $55.1B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $797M |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $17.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.5B |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $23.0B |
| TOTAL LIABILITIES | $28.2B |
| Common Stock | $431M |
| Additional Paid-In Capital | $14.5B |
| Retained Earnings | $17.9B |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.9B |
| TOTAL LIABILITIES & EQUITY | $55.1B |
| Total Debt | $18.8B |
| Net Debt | $17.7B |
