| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.5B | 1.0% | -13.7% |
| Op. Income | $344M | $273M | $470M | 25.8% | -26.8% |
| Gross Margin | 64.3% | 65.1% | 67.7% | -0.8pp | -3.5pp |
| Net Margin | 20.3% | 15.6% | 24.1% | 4.7pp | -3.8pp |
| EPS (Diluted) | $0.72 | $0.55 | $0.98 | 30.9% | -26.5% |
| Free Cash Flow | $369M | $295M | $596M | 25.1% | -38.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $470M |
| GROSS PROFIT | $847M |
| R&D Expenses | $252M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $108M |
| Operating Expenses | $503M |
| Cost & Expenses | $973M |
| OPERATING INCOME | $344M |
| Interest Income | $1M |
| Interest Expense | $50M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $295M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $268M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $268M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $268M |
| D&A | $203M |
| EBIT | $345M |
| EBITDA | $548M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $470M |
| GROSS PROFIT | $847M |
| R&D Expenses | $252M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $108M |
| Operating Expenses | $503M |
| Cost & Expenses | $973M |
| OPERATING INCOME | $344M |
| Interest Income | $1M |
| Interest Expense | $50M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $295M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $268M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $268M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $268M |
| D&A | $203M |
| EBIT | $345M |
| EBITDA | $548M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $268M |
| Depreciation & Amortization | $203M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$58M |
| OPERATING CASH FLOW | $429M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | $96M |
| Common Stock Repurchased | -$114M |
| Common Dividends Paid | -$229M |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | -$236M |
| FREE CASH FLOW | $369M |
| Net Change in Cash | $131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $785M |
| Short-Term Investments | $0 |
| Net Receivables | $588M |
| Inventory | $590M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $1.2B |
| Goodwill | $12.3B |
| Intangible Assets | $3.9B |
| Long-Term Investments | $76M |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $298M |
| TOTAL NON-CURRENT ASSETS | $19.3B |
| TOTAL ASSETS | $21.4B |
| Account Payables | $194M |
| Short-Term Debt | $449M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.0B |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $61M |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | $6.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$277M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.6B |
| TOTAL LIABILITIES & EQUITY | $21.4B |
| Total Debt | $5.6B |
| Net Debt | $4.8B |
