| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | $2.5B | 2.0% | -4.7% |
| Op. Income | $113M | $209M | -$25M | -46.2% | 557.3% |
| Gross Margin | 34.1% | 40.3% | 36.9% | -6.2pp | -2.8pp |
| Net Margin | -1.3% | 7.6% | -2.2% | -8.9pp | 0.9pp |
| EPS (Diluted) | $-0.58 | $2.81 | $-0.96 | -120.6% | 39.6% |
| Free Cash Flow | $575M | $391M | $430M | 46.8% | 33.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $811M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $698M |
| Operating Expenses | $698M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $113M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | -$119M |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $40M |
| EBIT | $138M |
| EBITDA | $178M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $125M |
| Change in Working Capital | $449M |
| OPERATING CASH FLOW | $609M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | -$30M |
| Purchases of Investments | -$792M |
| Sales/Maturities of Investments | $596M |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | -$243M |
| Net Debt Issuance | -$200M |
| Common Stock Repurchased | -$68M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$309M |
| FREE CASH FLOW | $575M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $13.3B |
| Net Receivables | $11.4B |
| Inventory | $0 |
| Other Current Assets | -$26.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $468M |
| Goodwill | $2.3B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $13.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$18.4B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $43.6B |
| Account Payables | $3.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.7B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $37.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | $6.1B |
| Treasury Stock | -$5.4B |
| Accum. Other Comp. Income | $658M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $4M |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $43.6B |
| Total Debt | $2.0B |
| Net Debt | -$194M |
