| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.8B | $2.8B | 2.1% | 3.3% |
| Op. Income | $381M | $385M | $370M | -1.1% | 3.0% |
| Gross Margin | 96.9% | 89.4% | 98.0% | 7.5pp | -1.1pp |
| Net Margin | 9.4% | 9.4% | 8.2% | 0.0pp | 1.2pp |
| EPS (Diluted) | $1.23 | $1.19 | $1.00 | 3.4% | 23.0% |
| Free Cash Flow | $271M | $247M | $283M | 9.7% | -4.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $89M |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $222M |
| Other Expenses | -$2.5B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $381M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$2.3B |
| INCOME BEFORE TAX | $341M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $274M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $274M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $274M |
| D&A | -$381M |
| EBIT | $381M |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $89M |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $222M |
| Other Expenses | -$2.5B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $381M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$2.3B |
| INCOME BEFORE TAX | $341M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $274M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $274M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $274M |
| D&A | -$381M |
| EBIT | $381M |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $274M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$24M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $300M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$925M |
| Sales/Maturities of Investments | $618M |
| Other Investing Activities | $148M |
| NET CASH FROM INVESTING | $119M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$106M |
| Common Dividends Paid | -$52M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$188M |
| FREE CASH FLOW | $271M |
| Net Change in Cash | $232M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $309M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $309M |
| PP&E (Net) | $508M |
| Goodwill | $349M |
| Intangible Assets | $2.2B |
| Long-Term Investments | -$129M |
| Tax Assets | $129M |
| Other Non-Current Assets | $59.5B |
| TOTAL NON-CURRENT ASSETS | $62.7B |
| TOTAL ASSETS | $63.0B |
| Account Payables | $0 |
| Short-Term Debt | $200M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$261M |
| TOTAL CURRENT LIABILITIES | $261M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $31M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $9.8B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$82M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.5B |
| TOTAL LIABILITIES & EQUITY | $12.2B |
| Total Debt | $2.7B |
| Net Debt | $2.4B |
