| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.8B | $2.8B | -0.1% | 2.0% |
| Op. Income | $367M | $362M | $332M | 1.4% | 10.4% |
| Gross Margin | 29.2% | 29.2% | 28.7% | -0.0pp | 0.5pp |
| Net Margin | 8.9% | 8.7% | 8.5% | 0.3pp | 0.4pp |
| EPS (Diluted) | $1.12 | $1.07 | $1.01 | 4.7% | 10.9% |
| Free Cash Flow | $207M | $314M | $175M | -33.9% | 18.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $822M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $224M |
| SG&A Expenses | $224M |
| Other Expenses | $232M |
| Operating Expenses | $455M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $367M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $367M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $252M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $252M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $252M |
| D&A | $25M |
| EBIT | $407M |
| EBITDA | $432M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $822M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $224M |
| SG&A Expenses | $224M |
| Other Expenses | $232M |
| Operating Expenses | $455M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $367M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $367M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $252M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $252M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $252M |
| D&A | $25M |
| EBIT | $407M |
| EBITDA | $432M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $252M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $56M |
| Change in Working Capital | -$109M |
| OPERATING CASH FLOW | $224M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$481M |
| Sales/Maturities of Investments | $657M |
| Other Investing Activities | -$260M |
| NET CASH FROM INVESTING | -$102M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$52M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$169M |
| FREE CASH FLOW | $207M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $46.5B |
| Net Receivables | $6.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $53.1B |
| PP&E (Net) | $490M |
| Goodwill | $338M |
| Intangible Assets | $2.2B |
| Long-Term Investments | $46.5B |
| Tax Assets | $232M |
| Other Non-Current Assets | -$47.3B |
| TOTAL NON-CURRENT ASSETS | $232M |
| TOTAL ASSETS | $63.8B |
| Account Payables | $0 |
| Short-Term Debt | $200M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$241M |
| TOTAL CURRENT LIABILITIES | $241M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | -$432M |
| Deferred Tax Liabilities | $232M |
| Other Non-Current Liabilities | $51.4B |
| TOTAL NON-CURRENT LIABILITIES | $54.1B |
| TOTAL LIABILITIES | $54.4B |
| Common Stock | $30M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $9.3B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | $124M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.4B |
| TOTAL LIABILITIES & EQUITY | $63.8B |
| Total Debt | $3.0B |
| Net Debt | $2.9B |
