| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $3.9B | $2.8B | 12.0% | 54.0% |
| Op. Income | $948M | $831M | $449M | 14.1% | 111.1% |
| Gross Margin | 48.4% | 47.5% | 43.9% | 0.8pp | 4.5pp |
| Net Margin | 21.4% | 18.4% | 13.9% | 3.0pp | 7.5pp |
| EPS (Diluted) | $0.75 | $0.58 | $0.32 | 29.3% | 134.4% |
| Free Cash Flow | $764M | $888M | $265M | -14.0% | 188.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $765M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $376M |
| Other Expenses | -$3M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $948M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $57M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $923M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $923M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $923M |
| D&A | $112M |
| EBIT | $1.0B |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $765M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $376M |
| Other Expenses | -$3M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $948M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $57M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $923M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $923M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $923M |
| D&A | $112M |
| EBIT | $1.0B |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $923M |
| Depreciation & Amortization | $112M |
| Stock-Based Compensation | $99M |
| Deferred Income Tax | $56M |
| Other Non-Cash Items | -$60M |
| Change in Working Capital | -$281M |
| OPERATING CASH FLOW | $849M |
| Capital Expenditure | -$85M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$771M |
| Sales/Maturities of Investments | $773M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$953M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$949M |
| FREE CASH FLOW | $764M |
| Net Change in Cash | -$183M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $1.2B |
| Net Receivables | $2.2B |
| Inventory | $1.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.0B |
| PP&E (Net) | $1.0B |
| Goodwill | $289M |
| Intangible Assets | $203M |
| Long-Term Investments | $69M |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $567M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $11.2B |
| Account Payables | $1.0B |
| Short-Term Debt | $312M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $687M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $183M |
| TOTAL NON-CURRENT LIABILITIES | $453M |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $12M |
| Additional Paid-In Capital | $10.9B |
| Retained Earnings | -$2.4B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.1B |
| TOTAL LIABILITIES & EQUITY | $11.2B |
| Total Debt | $582M |
| Net Debt | -$1.9B |
