| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $566M | $558M | $527M | 1.3% | 7.4% |
| Op. Income | $159M | $154M | $152M | 3.3% | 4.8% |
| Gross Margin | 58.3% | 58.9% | 58.6% | -0.6pp | -0.3pp |
| Net Margin | 24.1% | 23.6% | 23.7% | 0.5pp | 0.4pp |
| EPS (Diluted) | $1.69 | $1.63 | $1.53 | 3.7% | 10.5% |
| Free Cash Flow | $134M | $154M | $117M | -13.0% | 15.2% |
| Item | Amount |
|---|---|
| REVENUE | $566M |
| Cost of Revenue | $236M |
| GROSS PROFIT | $330M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $2M |
| Operating Expenses | $171M |
| Cost & Expenses | $407M |
| OPERATING INCOME | $159M |
| Interest Income | $10M |
| Interest Expense | $15M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $26M |
| EBIT | $169M |
| EBITDA | $194M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $566M |
| Cost of Revenue | $236M |
| GROSS PROFIT | $330M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $2M |
| Operating Expenses | $171M |
| Cost & Expenses | $407M |
| OPERATING INCOME | $159M |
| Interest Income | $10M |
| Interest Expense | $15M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $26M |
| EBIT | $169M |
| EBITDA | $194M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $136M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $154M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $700M |
| Other Investing Activities | -$700M |
| NET CASH FROM INVESTING | -$110M |
| Net Debt Issuance | $45M |
| Common Stock Repurchased | -$80M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $134M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $604M |
| Short-Term Investments | $2.7B |
| Net Receivables | $456M |
| Inventory | $298M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $343M |
| Goodwill | $359M |
| Intangible Assets | $224M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $158M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $67M |
| Short-Term Debt | $225M |
| Deferred Revenue | $186M |
| Other Current Liabilities | $147M |
| TOTAL CURRENT LIABILITIES | $662M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $139M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $5.8B |
| Treasury Stock | -$4.7B |
| Accum. Other Comp. Income | -$120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $2.0B |
| Net Debt | $1.4B |
