| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $605M | $541M | $654M | 12.0% | -7.5% |
| Op. Income | $188M | $167M | $229M | 12.8% | -17.6% |
| Gross Margin | 63.6% | 63.7% | 63.8% | -0.1pp | -0.2pp |
| Net Margin | 27.8% | 26.8% | 31.9% | 1.0pp | -4.1pp |
| EPS (Diluted) | $0.13 | $0.11 | $0.16 | 18.2% | -18.8% |
| Free Cash Flow | $213M | $136M | $265M | 56.2% | -19.7% |
| Item | Amount |
|---|---|
| REVENUE | $605M |
| Cost of Revenue | $220M |
| GROSS PROFIT | $385M |
| R&D Expenses | $128M |
| Selling & Marketing | $53M |
| General & Administrative | $15M |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $197M |
| Cost & Expenses | $417M |
| OPERATING INCOME | $188M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $202M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $168M |
| D&A | $11M |
| EBIT | $188M |
| EBITDA | $199M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $605M |
| Cost of Revenue | $220M |
| GROSS PROFIT | $385M |
| R&D Expenses | $128M |
| Selling & Marketing | $53M |
| General & Administrative | $15M |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $197M |
| Cost & Expenses | $417M |
| OPERATING INCOME | $188M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $202M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $168M |
| D&A | $11M |
| EBIT | $188M |
| EBITDA | $199M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $168M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $593.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $842.0K |
| OPERATING CASH FLOW | $215M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$980M |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $102M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$167M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | -$149M |
| FREE CASH FLOW | $213M |
| Net Change in Cash | $170M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $970M |
| Short-Term Investments | $1.9B |
| Net Receivables | $300M |
| Inventory | $438M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $113M |
| Goodwill | $85M |
| Intangible Assets | $78M |
| Long-Term Investments | $4M |
| Tax Assets | $443M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $746M |
| TOTAL ASSETS | $4.4B |
| Account Payables | $163M |
| Short-Term Debt | $0 |
| Deferred Revenue | $321M |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $665M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $241M |
| Deferred Tax Liabilities | $248M |
| Other Non-Current Liabilities | $87M |
| TOTAL NON-CURRENT LIABILITIES | $651M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$934.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $75M |
| Net Debt | -$895M |
