| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.9B | $10.4B | $8.5B | 23.8% | 52.2% |
| Op. Income | $3.3B | $752M | $2.6B | 332.8% | 24.4% |
| Gross Margin | 60.9% | 64.4% | 77.4% | -3.5pp | -16.5pp |
| Net Margin | 17.9% | -7.1% | 22.2% | 25.0pp | -4.3pp |
| EPS (Diluted) | $1.29 | $-0.45 | $1.26 | 386.7% | 2.4% |
| Free Cash Flow | $5.6B | $2.9B | $4.4B | 92.8% | 27.5% |
| Item | Amount |
|---|---|
| REVENUE | $12.9B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $7.9B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.6B |
| Cost & Expenses | $9.6B |
| OPERATING INCOME | $3.3B |
| Interest Income | $10M |
| Interest Expense | $630M |
| Other Income/Expenses | -$755M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $187M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $2.3B |
| EBIT | $3.1B |
| EBITDA | $5.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.9B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $7.9B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.6B |
| Cost & Expenses | $9.6B |
| OPERATING INCOME | $3.3B |
| Interest Income | $10M |
| Interest Expense | $630M |
| Other Income/Expenses | -$755M |
| INCOME BEFORE TAX | $2.5B |
| Income Tax Expense | $187M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $2.3B |
| EBIT | $3.1B |
| EBITDA | $5.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $2.3B |
| Stock-Based Compensation | $162M |
| Deferred Income Tax | -$241M |
| Other Non-Cash Items | $339M |
| Change in Working Capital | $965M |
| OPERATING CASH FLOW | $5.8B |
| Capital Expenditure | -$217M |
| Acquisitions (Net) | -$880M |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | -$72M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$651M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$2.1B |
| Other Financing Activities | -$43M |
| NET CASH FROM FINANCING | -$2.8B |
| FREE CASH FLOW | $5.6B |
| Net Change in Cash | $1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.9B |
| Short-Term Investments | $60M |
| Net Receivables | $8.4B |
| Inventory | $3.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $23.0B |
| PP&E (Net) | $5.0B |
| Goodwill | $42.8B |
| Intangible Assets | $74.6B |
| Long-Term Investments | $246M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.9B |
| TOTAL NON-CURRENT ASSETS | $126.6B |
| TOTAL ASSETS | $149.6B |
| Account Payables | $0 |
| Short-Term Debt | $4.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19.4B |
| TOTAL CURRENT LIABILITIES | $24.2B |
| Long-Term Debt | $82.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.5B |
| Other Non-Current Liabilities | $23.4B |
| TOTAL NON-CURRENT LIABILITIES | $110.2B |
| TOTAL LIABILITIES | $134.3B |
| Common Stock | $18M |
| Additional Paid-In Capital | $17.1B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$3.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.3B |
| Minority Interest | $19M |
| TOTAL EQUITY | $15.3B |
| TOTAL LIABILITIES & EQUITY | $149.6B |
| Total Debt | $87.1B |
| Net Debt | $79.2B |
