| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $6.2B | $5.9B | 0.7% | 5.7% |
| Op. Income | $2.3B | $2.4B | $2.7B | -1.4% | -13.3% |
| Gross Margin | 76.0% | 75.4% | 82.8% | 0.6pp | -6.7pp |
| Net Margin | 29.1% | 29.6% | 37.1% | -0.6pp | -8.1pp |
| EPS (Diluted) | $3.05 | $3.07 | $3.57 | -0.7% | -14.6% |
| Free Cash Flow | $2.7B | $2.0B | $1.3B | 34.7% | 111.3% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $964M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $136M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $296M |
| Other Income/Expenses | -$293M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $227M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $930M |
| EBIT | $2.3B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $964M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $136M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $296M |
| Other Income/Expenses | -$293M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $227M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $930M |
| EBIT | $2.3B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $930M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$177M |
| Other Non-Cash Items | $138M |
| Change in Working Capital | $148M |
| OPERATING CASH FLOW | $2.8B |
| Capital Expenditure | -$158M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $149M |
| Other Investing Activities | -$47M |
| NET CASH FROM INVESTING | -$2.2B |
| Net Debt Issuance | $2.3B |
| Common Stock Repurchased | -$555M |
| Common Dividends Paid | -$942M |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $775M |
| FREE CASH FLOW | $2.7B |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.1B |
| Short-Term Investments | $2.3B |
| Net Receivables | $5.4B |
| Inventory | $3.8B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $22.9B |
| PP&E (Net) | $4.8B |
| Goodwill | $14.7B |
| Intangible Assets | $17.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.6B |
| TOTAL NON-CURRENT ASSETS | $42.1B |
| TOTAL ASSETS | $65.0B |
| Account Payables | $1.1B |
| Short-Term Debt | $91M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10.5B |
| Long-Term Debt | $34.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $259M |
| Other Non-Current Liabilities | $9.4B |
| TOTAL NON-CURRENT LIABILITIES | $43.8B |
| TOTAL LIABILITIES | $54.4B |
| Common Stock | $31.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$20.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$783M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.7B |
| TOTAL LIABILITIES & EQUITY | $65.0B |
| Total Debt | $34.2B |
| Net Debt | $25.1B |
