| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.7B | $2.9B | -2.5% | -9.7% |
| Op. Income | $632M | $337M | $500M | 87.5% | 26.4% |
| Gross Margin | 64.9% | 56.8% | 54.0% | 8.2pp | 10.9pp |
| Net Margin | 18.2% | 9.0% | 13.2% | 9.2pp | 5.0pp |
| EPS (Diluted) | $1.26 | $0.64 | $0.97 | 96.9% | 29.9% |
| Free Cash Flow | $165M | -$463M | $121M | 135.6% | 36.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $917M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $557M |
| SG&A Expenses | $593M |
| Other Expenses | $473M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $632M |
| Interest Income | $2.1B |
| Interest Expense | $770M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $632M |
| Income Tax Expense | $156M |
| Net Income from Continuing Ops | $476M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $476M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $476M |
| D&A | $357M |
| EBIT | $632M |
| EBITDA | $989M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $917M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $36M |
| General & Administrative | $557M |
| SG&A Expenses | $593M |
| Other Expenses | $473M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $632M |
| Interest Income | $2.1B |
| Interest Expense | $770M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $632M |
| Income Tax Expense | $156M |
| Net Income from Continuing Ops | $476M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $476M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $476M |
| D&A | $357M |
| EBIT | $632M |
| EBITDA | $989M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $476M |
| Depreciation & Amortization | $357M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $127M |
| Change in Working Capital | $482M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.4B |
| Sales/Maturities of Investments | $4.8B |
| Other Investing Activities | $562M |
| NET CASH FROM INVESTING | -$300M |
| Net Debt Issuance | -$4.3B |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$73M |
| Other Financing Activities | $3.9B |
| NET CASH FROM FINANCING | -$486M |
| FREE CASH FLOW | $165M |
| Net Change in Cash | $658M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19.9B |
| Short-Term Investments | $29.9B |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $50.9B |
| PP&E (Net) | $10.2B |
| Goodwill | $343M |
| Intangible Assets | $54M |
| Long-Term Investments | $122.7B |
| Tax Assets | $104M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $134.4B |
| TOTAL ASSETS | $185.3B |
| Account Payables | $2.5B |
| Short-Term Debt | $3.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $134.9B |
| TOTAL CURRENT LIABILITIES | $140.5B |
| Long-Term Debt | $25.7B |
| Deferred Revenue NC | $89M |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $4.8B |
| TOTAL NON-CURRENT LIABILITIES | $30.7B |
| TOTAL LIABILITIES | $171.1B |
| Common Stock | $21.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$4.9B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | $695M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.1B |
| TOTAL LIABILITIES & EQUITY | $185.3B |
| Total Debt | $28.7B |
| Net Debt | $8.8B |
