2017 Form 10-K Financial Statement

#000084939917000009 Filed on May 19, 2017

View on sec.gov

Income Statement

Concept 2017 2016 Q2 2016
Revenue $4.019B $873.0M $3.600B
YoY Change 11.64% -2.89% -9.0%
Cost Of Revenue $853.0M $147.0M $615.0M
YoY Change 38.7% -16.48% -15.41%
Gross Profit $3.166B $726.0M $2.985B
YoY Change 6.06% 0.41% -7.56%
Gross Profit Margin 78.78% 83.16% 82.92%
Selling, General & Admin $2.023B $385.0M $1.587B
YoY Change 27.47% -18.26% -21.12%
% of Gross Profit 63.9% 53.03% 53.17%
Research & Development $823.0M $177.0M $748.0M
YoY Change 10.03% -14.9% -7.88%
% of Gross Profit 25.99% 24.38% 25.06%
Depreciation & Amortization $492.0M $75.00M $299.0M
YoY Change 64.55% -56.9% -15.77%
% of Gross Profit 15.54% 10.33% 10.02%
Operating Expenses $3.266B $578.0M $2.528B
YoY Change 29.19% -17.43% -17.79%
Operating Profit -$100.0M $148.0M $457.0M
YoY Change -121.88% 543.48% 196.75%
Interest Expense -$187.0M -$15.00M -$65.00M
YoY Change 187.69% -11.76% -2.99%
% of Operating Profit -10.14% -14.22%
Other Income/Expense, Net $46.00M $3.000M $10.00M
YoY Change 360.0% -62.5% -28.57%
Pretax Income -$262.0M $116.0M $392.0M
YoY Change -166.84% -300.0% 288.12%
Income Tax -$26.00M $1.129B $1.213B
% Of Pretax Income 973.28% 309.44%
Net Earnings -$106.0M $2.045B $2.488B
YoY Change -104.26% 1061.93% 183.37%
Net Earnings / Revenue -2.64% 234.25% 69.11%
Basic Earnings Per Share -$0.17 $3.71
Diluted Earnings Per Share -$0.17 $3.151M $3.71
COMMON SHARES
Basic Shares Outstanding 618.0M shares 612.3M shares 670.0M shares
Diluted Shares Outstanding 618.0M shares 670.0M shares

Balance Sheet

Concept 2017 2016 Q2 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.247B $6.025B $6.025B
YoY Change -29.51% 56.09% 56.09%
Cash & Equivalents $4.247B $5.983B $5.983B
Short-Term Investments $42.00M $42.00M
Other Short-Term Assets $428.0M $420.0M $378.0M
YoY Change 13.23% 42.37% -56.15%
Inventory
Prepaid Expenses
Receivables $649.0M $556.0M $556.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.324B $6.959B $6.959B
YoY Change -23.49% 28.35% 28.35%
LONG-TERM ASSETS
Property, Plant & Equipment $937.0M $957.0M $957.0M
YoY Change -2.09% 0.74% 0.74%
Goodwill $3.148B
YoY Change 0.06%
Intangibles $443.0M
YoY Change -15.62%
Long-Term Investments $158.0M $157.0M $157.0M
YoY Change 0.64% 1470.0%
Other Assets $124.0M $103.0M $103.0M
YoY Change 20.39% 47.14% -96.77%
Total Long-Term Assets $12.85B $4.808B $4.808B
YoY Change 167.26% -38.45% -38.45%
TOTAL ASSETS
Total Short-Term Assets $5.324B $6.959B $6.959B
Total Long-Term Assets $12.85B $4.808B $4.808B
Total Assets $18.17B $11.77B $11.77B
YoY Change 54.45% -11.08% -11.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $180.0M $175.0M $175.0M
YoY Change 2.86% 3.55% 3.55%
Accrued Expenses $272.0M $219.0M $219.0M
YoY Change 24.2% -5.6% -5.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.310B $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $4.622B $4.033B $4.033B
YoY Change 14.6% -9.43% -9.43%
LONG-TERM LIABILITIES
Long-Term Debt $6.876B $2.207B $2.207B
YoY Change 211.55% 26.4% 26.4%
Other Long-Term Liabilities $788.0M $97.00M $616.0M
YoY Change 27.92% 22.78% -22.12%
Total Long-Term Liabilities $7.664B $2.304B $2.823B
YoY Change 171.48% 26.25% 11.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.622B $4.033B $4.033B
Total Long-Term Liabilities $7.664B $2.304B $2.823B
Total Liabilities $14.69B $8.091B $8.091B
YoY Change 81.52% 10.87% 10.87%
SHAREHOLDERS EQUITY
Retained Earnings -$655.0M
YoY Change 142.59%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.487B $3.676B $3.676B
YoY Change
Total Liabilities & Shareholders Equity $18.17B $11.77B $11.77B
YoY Change 54.45% -11.08% -11.08%

Cashflow Statement

Concept 2017 2016 Q2 2016
OPERATING ACTIVITIES
Net Income -$106.0M $2.045B $2.488B
YoY Change -104.26% 1061.93% 183.37%
Depreciation, Depletion And Amortization $492.0M $75.00M $299.0M
YoY Change 64.55% -56.9% -15.77%
Cash From Operating Activities -$209.0M $250.0M $802.0M
YoY Change -126.06% -48.77% -38.87%
INVESTING ACTIVITIES
Capital Expenditures $70.00M -$47.00M $272.0M
YoY Change -74.26% -64.39% -10.23%
Acquisitions $6.736B $4.000M
YoY Change 168300.0% -78.95%
Other Investing Activities -$2.000M $6.546B $0.00
YoY Change -34552.63%
Cash From Investing Activities -$6.766B $6.499B $7.173B
YoY Change -194.33% -4403.97% -721.58%
FINANCING ACTIVITIES
Cash Dividend Paid $222.0M $3.030B
YoY Change -92.67% 633.66%
Common Stock Issuance & Retirement, Net $500.0M $1.868B
YoY Change -73.23% 273.6%
Debt Paid & Issued, Net $90.00M $350.0M
YoY Change -74.29% 1566.67%
Cash From Financing Activities $5.280B -3.233B -$4.770B
YoY Change -210.69% 1610.58% 488.16%
NET CHANGE
Cash From Operating Activities -$209.0M 250.0M $802.0M
Cash From Investing Activities -$6.766B 6.499B $7.173B
Cash From Financing Activities $5.280B -3.233B -$4.770B
Net Change In Cash -$1.736B 3.516B $3.205B
YoY Change -154.17% 2275.68% -590.81%
FREE CASH FLOW
Cash From Operating Activities -$209.0M $250.0M $802.0M
Capital Expenditures $70.00M -$47.00M $272.0M
Free Cash Flow -$279.0M $297.0M $530.0M
YoY Change -152.64% -52.1% -47.47%

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CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-4734000000 USD
CY2017 us-gaap Net Income Loss
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-106000000 USD
CY2016Q2 us-gaap Long Term Debt Noncurrent
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2207000000 USD
CY2017Q1 us-gaap Long Term Debt Noncurrent
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6876000000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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-811000000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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-4764000000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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5291000000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-800000000 USD
CY2015 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
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0 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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5291000000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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7173000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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-6766000000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1076000000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
7236000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1312000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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796000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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-220000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
17000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1456000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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CY2015 us-gaap Net Income Loss
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878000000 USD
CY2016 us-gaap Net Income Loss
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2488000000 USD
CY2016 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
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149000000 USD
CY2017 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
0 USD
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2015 us-gaap Operating Expenses
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3075000000 USD
CY2016 us-gaap Operating Expenses
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2528000000 USD
CY2017 us-gaap Operating Expenses
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3266000000 USD
CY2015 us-gaap Operating Income Loss
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154000000 USD
CY2016 us-gaap Operating Income Loss
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457000000 USD
CY2017 us-gaap Operating Income Loss
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-100000000 USD
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due
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327000000 USD
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
88000000 USD
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
48000000 USD
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
30000000 USD
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
43000000 USD
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
51000000 USD
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
74000000 USD
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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41000000 USD
CY2016Q2 us-gaap Other Assets Current
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420000000 USD
CY2017Q1 us-gaap Other Assets Current
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428000000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
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103000000 USD
CY2017Q1 us-gaap Other Assets Noncurrent
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124000000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-89000000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-6000000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-8000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-90000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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1000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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-1000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-90000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-1000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-10000000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
4000000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2000000 USD
CY2016Q2 us-gaap Other Liabilities Current
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419000000 USD
CY2017Q1 us-gaap Other Liabilities Current
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477000000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
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97000000 USD
CY2017Q1 us-gaap Other Liabilities Noncurrent
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103000000 USD
CY2015 us-gaap Other Noncash Income Expense
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2000000 USD
CY2016 us-gaap Other Noncash Income Expense
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-7000000 USD
CY2017 us-gaap Other Noncash Income Expense
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-32000000 USD
CY2015 us-gaap Other Nonoperating Income Expense
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14000000 USD
CY2016 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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1355000000 USD
CY2016 us-gaap Proceeds From Other Short Term Debt
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6000000 USD
CY2016 us-gaap Other Nonoperating Income Expense
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0 USD
CY2017 us-gaap Other Nonoperating Income Expense
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25000000 USD
CY2017 us-gaap Other Restructuring Costs
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-35000000 USD
CY2015 us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2000000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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500000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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1868000000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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500000000 USD
CY2017 us-gaap Payments For Restructuring
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141000000 USD
CY2015 us-gaap Payments Of Dividends
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413000000 USD
CY2016 us-gaap Payments Of Dividends
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3030000000 USD
CY2017 us-gaap Payments Of Dividends
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222000000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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36000000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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39000000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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65000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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303000000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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272000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
70000000 USD
CY2015 us-gaap Payments To Acquire Short Term Investments
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1758000000 USD
CY2016 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
378000000 USD
CY2017 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000 shares
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
21 shares
CY2017Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
21 shares
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q2 us-gaap Preferred Stock Value
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0 USD
CY2017Q1 us-gaap Preferred Stock Value
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0 USD
CY2015 us-gaap Proceeds From Convertible Debt
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0 USD
CY2016 us-gaap Proceeds From Convertible Debt
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500000000 USD
CY2017 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
6069000000 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
6535000000 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
7000000 USD
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
1024000000 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
31000000 USD
CY2015 us-gaap Proceeds From Other Short Term Debt
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54000000 USD
CY2017 us-gaap Proceeds From Other Short Term Debt
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21000000 USD
CY2015 us-gaap Proceeds From Stock Plans
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116000000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Shares
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0 shares
CY2015 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
500000000 USD
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
368000000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
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0 USD
CY2016Q2 us-gaap Stockholders Equity
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3676000000 USD
CY2016 us-gaap Proceeds From Stock Plans
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65000000 USD
CY2017 us-gaap Proceeds From Stock Plans
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95000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1962000000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2055000000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
957000000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
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937000000 USD
CY2017Q1 us-gaap Purchase Obligation
PurchaseObligation
154000000 USD
CY2017Q1 us-gaap Purchase Obligation Due In Next Twelve Months
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125000000 USD
CY2017Q1 us-gaap Purchase Obligation Due In Second Year
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28000000 USD
CY2017Q1 us-gaap Purchase Obligation Due In Third Year
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1000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
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21000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
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368000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
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107000000 USD
CY2015 us-gaap Research And Development Expense
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812000000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
748000000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
823000000 USD
CY2017 us-gaap Restructuring Charges
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CY2016Q2 us-gaap Restructuring Reserve
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33000000 USD
CY2017Q1 us-gaap Restructuring Reserve
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46000000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
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-761000000 USD
CY2015 us-gaap Sales Revenue Net
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3956000000 USD
CY2016 us-gaap Sales Revenue Net
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3600000000 USD
CY2017 us-gaap Sales Revenue Net
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4019000000 USD
CY2015 us-gaap Selling And Marketing Expense
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1650000000 USD
CY2016 us-gaap Selling And Marketing Expense
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1292000000 USD
CY2017 us-gaap Selling And Marketing Expense
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1459000000 USD
CY2015 us-gaap Share Based Compensation
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131000000 USD
CY2016 us-gaap Share Based Compensation
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161000000 USD
CY2017 us-gaap Share Based Compensation
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440000000 USD
CY2016Q4 us-gaap Stock Repurchase Program Authorized Amount1
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1300000000.0 USD
CY2015Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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1158000000 USD
CY2016Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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790000000 USD
CY2017Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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800000000 USD
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
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CY2016 us-gaap Stock Repurchased And Retired During Period Shares
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17000000 shares
CY2017Q1 us-gaap Stockholders Equity
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3487000000 USD
CY2017Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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3900000000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
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282000000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
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193000000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
197000000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
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248000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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96000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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7000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
9000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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150000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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25000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
23000000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
22000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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0 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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33000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
23000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
54000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
38000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
147000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
4000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
21000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
5000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-89000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
4000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
51000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
13000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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15000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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9000000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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176000000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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-12000000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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696000000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
670000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
618000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
689000000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
670000000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
618000000 shares
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Concentrations of credit risk</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:18px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">A significant portion of our revenue is derived from international sales and independent agents and distributors. Fluctuations of the U.S. dollar against foreign currencies, changes in local regulatory or economic conditions, piracy, or nonperformance by independent agents or distributors could adversely affect our operating results.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:18px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, short-term investments, and trade accounts receivable. Our investment policy limits the amount of credit risk exposure to any one issuer and to any one country. We are exposed to credit risks in the event of default by the issuers to the extent of the amount recorded on our Consolidated Balance Sheets. The credit risk in our trade accounts receivable is substantially mitigated by our credit evaluation process, reasonably short collection terms, and the geographical dispersion of sales transactions. As of </font><font style="font-family:Arial;font-size:9pt;">March&#160;31, 2017</font><font style="font-family:Arial;font-size:9pt;"> and </font><font style="font-family:Arial;font-size:9pt;">April&#160;1, 2016</font><font style="font-family:Arial;font-size:9pt;">, we had two distributors and </font><font style="font-family:Arial;font-size:9pt;">one </font><font style="font-family:Arial;font-size:9pt;">distributor, respectively, that accounted for over </font><font style="font-family:Arial;font-size:9pt;">10%</font><font style="font-family:Arial;font-size:9pt;"> of our total accounts receivable. We maintain reserves for potential credit losses and such losses have been within management&#8217;s expectations. </font></div></div>
CY2017 us-gaap Fiscal Period
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Fiscal calendar</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:18px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">We have a 52/53-week fiscal year ending on the Friday closest to March&#160;31. Our fiscal </font><font style="font-family:Arial;font-size:9pt;">2017</font><font style="font-family:Arial;font-size:9pt;"> and </font><font style="font-family:Arial;font-size:9pt;">2016</font><font style="font-family:Arial;font-size:9pt;"> were 52-week years ended </font><font style="font-family:Arial;font-size:9pt;">March&#160;31, 2017</font><font style="font-family:Arial;font-size:9pt;"> and </font><font style="font-family:Arial;font-size:9pt;">April&#160;1, 2016</font><font style="font-family:Arial;font-size:9pt;">, respectively, whereas our fiscal </font><font style="font-family:Arial;font-size:9pt;">2015</font><font style="font-family:Arial;font-size:9pt;"> was a 53-week year ended April 3, 2015.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Use of estimates</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:18px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Estimates are based upon historical factors, current circumstances and the experience and judgment of management. Management evaluates its assumptions and estimates on an ongoing basis and may engage outside subject matter experts to assist in its valuations. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include those related to the allocation of revenue recognized and deferred amounts, valuation of business combinations including acquired intangible assets and goodwill, loss contingencies, and the recognition and measurement of current and deferred income taxes including the measurement of uncertain tax positions.</font></div></div>

Files In Submission

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