| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.0B | $3.6B | 11.1% | 23.4% |
| Op. Income | $1.1B | $932M | $802M | 18.9% | 38.2% |
| Gross Margin | 44.5% | 44.2% | 43.7% | 0.3pp | 0.8pp |
| Net Margin | 19.1% | 19.1% | 16.0% | 0.1pp | 3.1pp |
| EPS (Diluted) | $0.91 | $0.82 | $0.61 | 11.0% | 49.2% |
| Free Cash Flow | $780M | $564M | $694M | 38.3% | 12.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $572M |
| Selling & Marketing | $130M |
| General & Administrative | $145M |
| SG&A Expenses | $275M |
| Other Expenses | $0 |
| Operating Expenses | $847M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $1.1B |
| Interest Income | -$7M |
| Interest Expense | $61M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $199M |
| Net Income from Continuing Ops | $841M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $841M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $841M |
| D&A | $94M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $572M |
| Selling & Marketing | $130M |
| General & Administrative | $145M |
| SG&A Expenses | $275M |
| Other Expenses | $0 |
| Operating Expenses | $847M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $1.1B |
| Interest Income | -$7M |
| Interest Expense | $61M |
| Other Income/Expenses | -$68M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $199M |
| Net Income from Continuing Ops | $841M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $841M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $841M |
| D&A | $94M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $841M |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $70M |
| Deferred Income Tax | $79M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | -$250M |
| OPERATING CASH FLOW | $867M |
| Capital Expenditure | -$87M |
| Acquisitions (Net) | -$80M |
| Purchases of Investments | -$178M |
| Sales/Maturities of Investments | $353M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$202M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $780M |
| Net Change in Cash | -$931M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.3B |
| Short-Term Investments | $406M |
| Net Receivables | $2.9B |
| Inventory | $4.0B |
| Other Current Assets | $597M |
| TOTAL CURRENT ASSETS | $12.2B |
| PP&E (Net) | $1.8B |
| Goodwill | $3.5B |
| Intangible Assets | $157M |
| Long-Term Investments | $1.5B |
| Tax Assets | $1.7B |
| Other Non-Current Assets | $271M |
| TOTAL NON-CURRENT ASSETS | $8.9B |
| TOTAL ASSETS | $21.2B |
| Account Payables | $1.1B |
| Short-Term Debt | $63M |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $917M |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $11.6B |
| Common Stock | $9M |
| Additional Paid-In Capital | $7.8B |
| Retained Earnings | $26.3B |
| Treasury Stock | -$24.2B |
| Accum. Other Comp. Income | -$277M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $21.2B |
| Total Debt | $5.7B |
| Net Debt | $1.4B |
