| Metric | Q2 2014 | Q1 2014 | Q2 2013 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28.2B | — | $29.8B | — | -5.5% |
| Op. Income | $5.1B | — | $4.1B | — | 24.9% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | 11.7% | — | 9.5% | — | 2.2pp |
| EPS (Diluted) | $1.13 | — | $0.98 | — | 15.5% |
| Free Cash Flow | $1.1B | — | $1.7B | — | -35.2% |
| Item | Amount |
|---|---|
| REVENUE | $28.2B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $28.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $193M |
| Other Expenses | $22.9B |
| Operating Expenses | $23.1B |
| Cost & Expenses | $23.1B |
| OPERATING INCOME | $5.1B |
| Interest Income | $205M |
| Interest Expense | $0 |
| Other Income/Expenses | -$188M |
| INCOME BEFORE TAX | $4.9B |
| Income Tax Expense | $1.4B |
| Net Income from Continuing Ops | $3.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.3B |
| D&A | $613M |
| EBIT | $3.9B |
| EBITDA | $4.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $28.2B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $28.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $193M |
| Other Expenses | $22.9B |
| Operating Expenses | $23.1B |
| Cost & Expenses | $23.1B |
| OPERATING INCOME | $5.1B |
| Interest Income | $205M |
| Interest Expense | $0 |
| Other Income/Expenses | -$188M |
| INCOME BEFORE TAX | $4.9B |
| Income Tax Expense | $1.4B |
| Net Income from Continuing Ops | $3.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.3B |
| D&A | $613M |
| EBIT | $3.9B |
| EBITDA | $4.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.3B |
| Depreciation & Amortization | $613M |
| Stock-Based Compensation | $138M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$733M |
| Change in Working Capital | -$1.3B |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$922M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.0B |
| NET CASH FROM INVESTING | $1.0B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$299M |
| Common Dividends Paid | -$1.8B |
| Other Financing Activities | $97M |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $611M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $870M |
| Net Receivables | $7.2B |
| Inventory | $5.1B |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $17.5B |
| PP&E (Net) | $11.3B |
| Goodwill | $16.4B |
| Intangible Assets | $8.2B |
| Long-Term Investments | -$311M |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $39.5B |
| TOTAL ASSETS | $57.1B |
| Account Payables | $14.8B |
| Short-Term Debt | $6.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $504M |
| TOTAL CURRENT LIABILITIES | $23.9B |
| Long-Term Debt | $9.0B |
| Deferred Revenue NC | $5.2B |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $16.3B |
| TOTAL LIABILITIES | $40.2B |
| Common Stock | $566M |
| Additional Paid-In Capital | $166M |
| Retained Earnings | $23.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8.4B |
| Other Equity | -$16.8B |
| TOTAL STOCKHOLDERS' EQUITY | $16.2B |
| Minority Interest | $675M |
| TOTAL EQUITY | $16.9B |
| TOTAL LIABILITIES & EQUITY | $57.1B |
| Total Debt | $15.7B |
| Net Debt | $11.7B |