| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.1B | $4.6B | 3.3% | 14.8% |
| Op. Income | $2.9B | $3.3B | $3.0B | -13.5% | -4.6% |
| Gross Margin | 80.5% | 80.4% | 81.2% | 0.1pp | -0.7pp |
| Net Margin | 44.4% | 51.4% | 45.1% | -6.9pp | -0.7pp |
| EPS (Diluted) | $1.00 | $1.11 | $0.86 | -9.9% | 16.3% |
| Free Cash Flow | $3.5B | $2.6B | $3.3B | 33.0% | 3.8% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $240M |
| General & Administrative | $342M |
| SG&A Expenses | $582M |
| Other Expenses | $752M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $2.9B |
| Interest Income | $0 |
| Interest Expense | $155M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $483M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | -$81M |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $152M |
| EBIT | $3.0B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $240M |
| General & Administrative | $342M |
| SG&A Expenses | $582M |
| Other Expenses | $752M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $2.9B |
| Interest Income | $0 |
| Interest Expense | $155M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $483M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | -$81M |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $152M |
| EBIT | $3.0B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $152M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | -$188M |
| Other Non-Cash Items | $1.3B |
| Change in Working Capital | -$83M |
| OPERATING CASH FLOW | $3.6B |
| Capital Expenditure | -$169M |
| Acquisitions (Net) | $169M |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | -$155M |
| NET CASH FROM INVESTING | -$168M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.8B |
| Common Dividends Paid | -$487M |
| Other Financing Activities | -$570M |
| NET CASH FROM FINANCING | -$2.8B |
| FREE CASH FLOW | $3.5B |
| Net Change in Cash | $363M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.5B |
| Short-Term Investments | $3.4B |
| Net Receivables | $2.8B |
| Inventory | $0 |
| Other Current Assets | $3.2B |
| TOTAL CURRENT ASSETS | $18.5B |
| PP&E (Net) | $2.4B |
| Goodwill | $15.2B |
| Intangible Assets | $27.6B |
| Long-Term Investments | $2.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $49.7B |
| TOTAL ASSETS | $68.2B |
| Account Payables | $145M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.1B |
| TOTAL CURRENT LIABILITIES | $10.9B |
| Long-Term Debt | $16.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.8B |
| Other Non-Current Liabilities | $2.5B |
| TOTAL NON-CURRENT LIABILITIES | $23.9B |
| TOTAL LIABILITIES | $34.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $16.7B |
| Retained Earnings | $10.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $741M |
| Other Equity | -$5M |
| TOTAL STOCKHOLDERS' EQUITY | $33.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $33.3B |
| TOTAL LIABILITIES & EQUITY | $68.2B |
| Total Debt | $16.6B |
| Net Debt | $8.1B |
