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R spending came in at $96 million or 20.5% of revenue, up from $68.6 million in the prior period. This reflected increased NRE spending, combined with continued headcount growth.Sales and marketing expense was $33.5 million or 7.2% of revenue, down from $35.5 million last quarter, with reduced demo and sales costs.Our operating income for the quarter was $168.9 million or 36.1% of revenue. Other income expense for the quarter was a favorable $2.2 million, and our effective tax rate was 19.8%, reflecting the favorable impact of the increased international revenue mix discussed above.

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iphone x cases We would, in all cases, be very focused on driving shareholder value.Though Walmsley was deliberately vague, investors took it as a sign that the company is likely interested in the consumer business of Pfizer and that this could endanger GSK's dividend.High dividends, high debts GlaxoSmithKline pays a very high dividend, even more so when compared with its peers. As you can see in the graph, it is the only company of which the total amount of dividend paid is so close to its total free cash flow (only AstraZeneca looks worse, because they paid much more dividend than their free cash flow).Let us take a quick bird's eye view on the current financial situation of GlaxoSmithKline: The total debt of GSK currently amounts to $18.8 billion, which is an increase of $530 million since the beginning of 2017. The free cash flow of the company was $5.72 billion in 2016, and total dividends paid in this year amounted to about $6.5 billion.iPhone Cases sale x cases

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