| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.7B | $8.9B | $8.3B | 20.9% | 28.7% |
| Op. Income | $2.4B | $1.5B | $1.4B | 65.8% | 71.8% |
| Gross Margin | 53.1% | 48.9% | 52.7% | 4.2pp | 0.4pp |
| Net Margin | 20.2% | 13.9% | 12.6% | 6.3pp | 7.6pp |
| EPS (Diluted) | $1.21 | $0.69 | $0.59 | 75.4% | 105.1% |
| Free Cash Flow | $3.1B | $1.6B | $2.0B | 98.7% | 57.4% |
| Item | Amount |
|---|---|
| REVENUE | $10.7B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $5.7B |
| R&D Expenses | $698M |
| Selling & Marketing | $22M |
| General & Administrative | $2.5B |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $3.3B |
| Cost & Expenses | $8.3B |
| OPERATING INCOME | $2.4B |
| Interest Income | $9M |
| Interest Expense | $114M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $230M |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $866M |
| EBIT | $2.5B |
| EBITDA | $3.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.7B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $5.7B |
| R&D Expenses | $698M |
| Selling & Marketing | $22M |
| General & Administrative | $2.5B |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $3.3B |
| Cost & Expenses | $8.3B |
| OPERATING INCOME | $2.4B |
| Interest Income | $9M |
| Interest Expense | $114M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $230M |
| Net Income from Continuing Ops | $2.2B |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | $0 |
| NET INCOME | $2.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.2B |
| D&A | $866M |
| EBIT | $2.5B |
| EBITDA | $3.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.2B |
| Depreciation & Amortization | $866M |
| Stock-Based Compensation | $98M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $383M |
| Change in Working Capital | $289M |
| OPERATING CASH FLOW | $3.8B |
| Capital Expenditure | -$679M |
| Acquisitions (Net) | -$58M |
| Purchases of Investments | -$83M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $79M |
| NET CASH FROM INVESTING | -$731M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$161M |
| Common Dividends Paid | -$641M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | -$787M |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | $2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.8B |
| Short-Term Investments | $310M |
| Net Receivables | $6.4B |
| Inventory | $5.0B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $20.4B |
| PP&E (Net) | $10.1B |
| Goodwill | $23.7B |
| Intangible Assets | $14.8B |
| Long-Term Investments | $1.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $52.1B |
| TOTAL ASSETS | $72.5B |
| Account Payables | $3.9B |
| Short-Term Debt | $461M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.7B |
| TOTAL CURRENT LIABILITIES | $11.9B |
| Long-Term Debt | $18.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $6.1B |
| TOTAL NON-CURRENT LIABILITIES | $27.6B |
| TOTAL LIABILITIES | $39.5B |
| Common Stock | $24.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $27.6B |
| Treasury Stock | -$10.0B |
| Accum. Other Comp. Income | -$8.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32.8B |
| Minority Interest | $219M |
| TOTAL EQUITY | $33.0B |
| TOTAL LIABILITIES & EQUITY | $72.5B |
| Total Debt | $19.9B |
| Net Debt | $13.1B |
