| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $2.1B | 4.5% | -21.9% |
| Op. Income | $467M | $1.6B | $387M | -69.9% | 20.7% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 16.3% | 10.6% | 10.2% | 5.8pp | 6.2pp |
| EPS (Diluted) | $3.04 | $0.99 | $2.31 | 207.1% | 31.6% |
| Free Cash Flow | $468M | $609M | $754M | -23.2% | -37.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $5.3B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $467M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | $321M |
| INCOME BEFORE TAX | $344M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $267M |
| Net Income from Discontinued Ops | $427M |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | -$467M |
| EBIT | $908M |
| EBITDA | $23M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $5.3B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $467M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | $321M |
| INCOME BEFORE TAX | $344M |
| Income Tax Expense | $77M |
| Net Income from Continuing Ops | $267M |
| Net Income from Discontinued Ops | $427M |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | -$467M |
| EBIT | $908M |
| EBITDA | $23M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $265M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $82M |
| Change in Working Capital | $140M |
| OPERATING CASH FLOW | $487M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$427M |
| Purchases of Investments | -$3.6B |
| Sales/Maturities of Investments | $3.2B |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$792M |
| Net Debt Issuance | -$151M |
| Common Stock Repurchased | -$80M |
| Common Dividends Paid | -$215M |
| Other Financing Activities | -$193M |
| NET CASH FROM FINANCING | -$632M |
| FREE CASH FLOW | $468M |
| Net Change in Cash | -$2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $139M |
| Goodwill | $176M |
| Intangible Assets | $278M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $71.5B |
| TOTAL NON-CURRENT ASSETS | $72.0B |
| TOTAL ASSETS | $73.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $86M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.8B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $2.0B |
| Net Debt | $298M |
