| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.9B | $7.3B | $8.1B | 20.8% | 9.6% |
| Op. Income | $1.5B | $642M | $1.2B | 126.8% | 21.1% |
| Gross Margin | 48.9% | 47.5% | 52.1% | 1.4pp | -3.2pp |
| Net Margin | 13.9% | 7.3% | 11.9% | 6.6pp | 2.0pp |
| EPS (Diluted) | $0.69 | $0.30 | $0.54 | 130.0% | 27.8% |
| Free Cash Flow | $1.6B | $680M | $1.5B | 130.9% | 1.5% |
| Item | Amount |
|---|---|
| REVENUE | $8.9B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $580M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.9B |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $1.5B |
| Interest Income | $10M |
| Interest Expense | $126M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $189M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $808M |
| EBIT | $1.5B |
| EBITDA | $2.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.9B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $580M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.9B |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $1.5B |
| Interest Income | $10M |
| Interest Expense | $126M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $189M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $808M |
| EBIT | $1.5B |
| EBITDA | $2.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $808M |
| Stock-Based Compensation | $100M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $247M |
| Change in Working Capital | -$321M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$496M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | -$472M |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$639M |
| Other Financing Activities | $83M |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | -$283M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $251M |
| Net Receivables | $5.6B |
| Inventory | $5.2B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $17.4B |
| PP&E (Net) | $8.6B |
| Goodwill | $23.3B |
| Intangible Assets | $15.2B |
| Long-Term Investments | $803M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.7B |
| TOTAL NON-CURRENT ASSETS | $51.7B |
| TOTAL ASSETS | $69.0B |
| Account Payables | $3.2B |
| Short-Term Debt | $214M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.3B |
| TOTAL CURRENT LIABILITIES | $10.3B |
| Long-Term Debt | $18.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.8B |
| TOTAL NON-CURRENT LIABILITIES | $27.2B |
| TOTAL LIABILITIES | $37.4B |
| Common Stock | $24.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $26.3B |
| Treasury Stock | -$9.9B |
| Accum. Other Comp. Income | -$9.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31.4B |
| Minority Interest | $209M |
| TOTAL EQUITY | $31.6B |
| TOTAL LIABILITIES & EQUITY | $69.0B |
| Total Debt | $18.6B |
| Net Debt | $14.1B |
