| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.9B | $2.8B | -0.3% | 2.4% |
| Op. Income | $397M | $381M | $402M | 4.2% | -1.1% |
| Gross Margin | 97.2% | 96.9% | 96.3% | 0.3pp | 1.0pp |
| Net Margin | 9.9% | 9.4% | 8.7% | 0.4pp | 1.2pp |
| EPS (Diluted) | $1.29 | $1.23 | $1.07 | 4.9% | 20.6% |
| Free Cash Flow | $366M | $271M | $319M | 35.1% | 14.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $81M |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $220M |
| Other Expenses | -$2.5B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $397M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$2.3B |
| INCOME BEFORE TAX | $355M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $286M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $286M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $286M |
| D&A | -$397M |
| EBIT | $397M |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $81M |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $220M |
| Other Expenses | -$2.5B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $397M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$2.3B |
| INCOME BEFORE TAX | $355M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $286M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $286M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $286M |
| D&A | -$397M |
| EBIT | $397M |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $286M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$153M |
| Change in Working Capital | $239M |
| OPERATING CASH FLOW | $396M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$690M |
| NET CASH FROM INVESTING | -$721M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$51M |
| Other Financing Activities | $281M |
| NET CASH FROM FINANCING | $115M |
| FREE CASH FLOW | $366M |
| Net Change in Cash | -$209M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $100M |
| PP&E (Net) | $511M |
| Goodwill | $347M |
| Intangible Assets | $2.2B |
| Long-Term Investments | -$86M |
| Tax Assets | $86M |
| Other Non-Current Assets | $59.1B |
| TOTAL NON-CURRENT ASSETS | $62.3B |
| TOTAL ASSETS | $62.4B |
| Account Payables | $0 |
| Short-Term Debt | $200M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$200M |
| TOTAL CURRENT LIABILITIES | $200M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $31M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $10.0B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$276M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.4B |
| TOTAL LIABILITIES & EQUITY | $12.4B |
| Total Debt | $3.0B |
| Net Debt | $2.9B |
