| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $1.9B | $1.8B | 45.0% | 55.5% |
| Op. Income | $449M | $173M | $186M | 159.5% | 141.4% |
| Gross Margin | 43.9% | 43.9% | 43.1% | 0.0pp | 0.8pp |
| Net Margin | 13.9% | 8.1% | 6.7% | 5.8pp | 7.3pp |
| EPS (Diluted) | $0.32 | $0.13 | $0.11 | 146.2% | 190.9% |
| Free Cash Flow | $265M | $152M | $179M | 74.3% | 48.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $508M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $273M |
| Other Expenses | $0 |
| Operating Expenses | $781M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $449M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $402M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $390M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $390M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $391M |
| D&A | $93M |
| EBIT | $412M |
| EBITDA | $505M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $508M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $273M |
| Other Expenses | $0 |
| Operating Expenses | $781M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $449M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $402M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $390M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $390M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $391M |
| D&A | $93M |
| EBIT | $412M |
| EBITDA | $505M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $390M |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $76M |
| Deferred Income Tax | $40M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$268M |
| OPERATING CASH FLOW | $339M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$475M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$549M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$72M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$197M |
| NET CASH FROM FINANCING | -$269M |
| FREE CASH FLOW | $265M |
| Net Change in Cash | -$479M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $475M |
| Net Receivables | $2.1B |
| Inventory | $1.3B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $810M |
| Goodwill | $289M |
| Intangible Assets | $194M |
| Long-Term Investments | $60M |
| Tax Assets | $0 |
| Other Non-Current Assets | $170M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $752M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $451M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $373M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $161M |
| TOTAL NON-CURRENT LIABILITIES | $739M |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $12M |
| Additional Paid-In Capital | $10.4B |
| Retained Earnings | -$6.4B |
| Treasury Stock | -$126M |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $578M |
| Net Debt | -$718M |
