| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.4B | $6.2B | $5.7B | 3.5% | 12.0% |
| Op. Income | $2.5B | $2.3B | $2.5B | 5.6% | -0.9% |
| Gross Margin | 75.7% | 76.0% | 81.9% | -0.3pp | -6.2pp |
| Net Margin | 31.5% | 29.1% | 34.3% | 2.4pp | -2.8pp |
| EPS (Diluted) | $3.43 | $3.05 | $3.27 | 12.5% | 4.9% |
| Free Cash Flow | $3.2B | $2.7B | $3.2B | 20.5% | 0.8% |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $1M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $302M |
| Other Income/Expenses | -$247M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $185M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $901M |
| EBIT | $2.5B |
| EBITDA | $3.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $1M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $302M |
| Other Income/Expenses | -$247M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $185M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $901M |
| EBIT | $2.5B |
| EBITDA | $3.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $901M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$78M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $499M |
| OPERATING CASH FLOW | $3.4B |
| Capital Expenditure | -$135M |
| Acquisitions (Net) | -$506M |
| Purchases of Investments | -$3.1B |
| Sales/Maturities of Investments | $2.1B |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$88M |
| Common Stock Repurchased | -$765M |
| Common Dividends Paid | -$936M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $3.2B |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.1B |
| Short-Term Investments | $3.3B |
| Net Receivables | $4.1B |
| Inventory | $3.9B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $22.7B |
| PP&E (Net) | $4.8B |
| Goodwill | $14.7B |
| Intangible Assets | $17.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.2B |
| TOTAL NON-CURRENT ASSETS | $42.0B |
| TOTAL ASSETS | $64.6B |
| Account Payables | $1.2B |
| Short-Term Debt | $91M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10.0B |
| Long-Term Debt | $34.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $210M |
| Other Non-Current Liabilities | $9.3B |
| TOTAL NON-CURRENT LIABILITIES | $43.7B |
| TOTAL LIABILITIES | $53.7B |
| Common Stock | $31.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$19.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$903M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.0B |
| TOTAL LIABILITIES & EQUITY | $64.6B |
| Total Debt | $34.3B |
| Net Debt | $25.2B |
