| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.6B | $2.9B | 7.3% | -2.7% |
| Op. Income | $856M | $632M | $487M | 35.4% | 75.8% |
| Gross Margin | 73.4% | 64.9% | 55.0% | 8.5pp | 18.5pp |
| Net Margin | 24.5% | 18.2% | 13.1% | 6.3pp | 11.4pp |
| EPS (Diluted) | $1.82 | $1.26 | $0.99 | 44.4% | 83.8% |
| Free Cash Flow | $41M | $165M | -$169M | -75.2% | 124.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $746M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $59M |
| General & Administrative | $536M |
| SG&A Expenses | $595M |
| Other Expenses | $610M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $856M |
| Interest Income | $2.1B |
| Interest Expense | $644M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $856M |
| Income Tax Expense | $169M |
| Net Income from Continuing Ops | $687M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $687M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $687M |
| D&A | $391M |
| EBIT | $856M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $746M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $59M |
| General & Administrative | $536M |
| SG&A Expenses | $595M |
| Other Expenses | $610M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $856M |
| Interest Income | $2.1B |
| Interest Expense | $644M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $856M |
| Income Tax Expense | $169M |
| Net Income from Continuing Ops | $687M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $687M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $687M |
| D&A | $391M |
| EBIT | $856M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $687M |
| Depreciation & Amortization | $391M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $41M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.9B |
| Sales/Maturities of Investments | $4.3B |
| Other Investing Activities | $170M |
| NET CASH FROM INVESTING | -$2.6B |
| Net Debt Issuance | -$4.6B |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$72M |
| Other Financing Activities | $2.1B |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $41M |
| Net Change in Cash | -$4.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.6B |
| Short-Term Investments | $29.7B |
| Net Receivables | $870M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $46.7B |
| PP&E (Net) | $10.5B |
| Goodwill | $343M |
| Intangible Assets | $50M |
| Long-Term Investments | $123.6B |
| Tax Assets | $94M |
| Other Non-Current Assets | $810M |
| TOTAL NON-CURRENT ASSETS | $135.4B |
| TOTAL ASSETS | $182.2B |
| Account Payables | $1.0B |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $137.0B |
| TOTAL CURRENT LIABILITIES | $140.2B |
| Long-Term Debt | $22.0B |
| Deferred Revenue NC | $104M |
| Deferred Tax Liabilities | $92M |
| Other Non-Current Liabilities | $4.9B |
| TOTAL NON-CURRENT LIABILITIES | $27.3B |
| TOTAL LIABILITIES | $167.5B |
| Common Stock | $21.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$4.3B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | $631M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.7B |
| TOTAL LIABILITIES & EQUITY | $182.2B |
| Total Debt | $24.3B |
| Net Debt | $8.7B |
