| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $2.8B | $2.1B | 15.8% | 52.5% |
| Op. Income | $570M | $449M | $348M | 26.9% | 63.8% |
| Gross Margin | 44.7% | 43.9% | 44.6% | 0.8pp | 0.1pp |
| Net Margin | 54.9% | 13.9% | 8.0% | 41.0pp | 46.9pp |
| EPS (Diluted) | $1.45 | $0.32 | $0.15 | 353.1% | 866.7% |
| Free Cash Flow | $480M | $265M | $400M | 81.1% | 20.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $573M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $308M |
| Other Expenses | $0 |
| Operating Expenses | $881M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $570M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $549M |
| Income Tax Expense | -$1.2B |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $101M |
| EBIT | $555M |
| EBITDA | $656M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $573M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $308M |
| Other Expenses | $0 |
| Operating Expenses | $881M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $570M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $549M |
| Income Tax Expense | -$1.2B |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $101M |
| EBIT | $555M |
| EBITDA | $656M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $101M |
| Stock-Based Compensation | $79M |
| Deferred Income Tax | -$1.2B |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$201M |
| OPERATING CASH FLOW | $554M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$320M |
| Sales/Maturities of Investments | $100M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$294M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $40M |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | $480M |
| Net Change in Cash | $295M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $695M |
| Net Receivables | $2.1B |
| Inventory | $1.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $849M |
| Goodwill | $289M |
| Intangible Assets | $229M |
| Long-Term Investments | $63M |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $144M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $468M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $588M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $330M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $177M |
| TOTAL NON-CURRENT LIABILITIES | $708M |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $12M |
| Additional Paid-In Capital | $10.5B |
| Retained Earnings | -$4.6B |
| Treasury Stock | -$131M |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $531M |
| Net Debt | -$1.1B |
