| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.3B | $7.7B | $8.0B | -5.2% | -8.2% |
| Op. Income | $642M | $779M | $1.2B | -17.6% | -46.1% |
| Gross Margin | 47.5% | 50.2% | 52.6% | -2.7pp | -5.1pp |
| Net Margin | 7.3% | 7.3% | 12.6% | 0.0pp | -5.3pp |
| EPS (Diluted) | $0.30 | $0.32 | $0.56 | -6.3% | -46.4% |
| Free Cash Flow | $680M | $355M | $592M | 91.5% | 14.9% |
| Item | Amount |
|---|---|
| REVENUE | $7.3B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $564M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.8B |
| Cost & Expenses | $6.7B |
| OPERATING INCOME | $642M |
| Interest Income | $9M |
| Interest Expense | $161M |
| Other Income/Expenses | -$116M |
| INCOME BEFORE TAX | $526M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $537M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $537M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $537M |
| D&A | $825M |
| EBIT | $687M |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.3B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $564M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.8B |
| Cost & Expenses | $6.7B |
| OPERATING INCOME | $642M |
| Interest Income | $9M |
| Interest Expense | $161M |
| Other Income/Expenses | -$116M |
| INCOME BEFORE TAX | $526M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $537M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $537M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $537M |
| D&A | $825M |
| EBIT | $687M |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $537M |
| Depreciation & Amortization | $825M |
| Stock-Based Compensation | $115M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $164M |
| Change in Working Capital | -$319M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$642M |
| Acquisitions (Net) | $16M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$619M |
| Net Debt Issuance | $1.3B |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$642M |
| Other Financing Activities | $46M |
| NET CASH FROM FINANCING | $658M |
| FREE CASH FLOW | $680M |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.8B |
| Short-Term Investments | $274M |
| Net Receivables | $5.1B |
| Inventory | $5.2B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $17.2B |
| PP&E (Net) | $8.3B |
| Goodwill | $23.1B |
| Intangible Assets | $15.8B |
| Long-Term Investments | $776M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $51.6B |
| TOTAL ASSETS | $68.8B |
| Account Payables | $3.3B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.8B |
| TOTAL CURRENT LIABILITIES | $11.0B |
| Long-Term Debt | $18.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.8B |
| TOTAL NON-CURRENT LIABILITIES | $27.0B |
| TOTAL LIABILITIES | $38.0B |
| Common Stock | $23.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $25.7B |
| Treasury Stock | -$9.9B |
| Accum. Other Comp. Income | -$9.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30.6B |
| Minority Interest | $220M |
| TOTAL EQUITY | $30.8B |
| TOTAL LIABILITIES & EQUITY | $68.8B |
| Total Debt | $19.7B |
| Net Debt | $14.9B |
