| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $368M | -$518M | $276M | 171.0% | 33.3% |
| Op. Income | $282M | -$609M | $204M | 146.3% | 38.2% |
| Gross Margin | 82.1% | 114.1% | 78.3% | -32.0pp | 3.8pp |
| Net Margin | 75.3% | 118.1% | 72.5% | -42.9pp | 2.8pp |
| EPS (Diluted) | $0.65 | $-1.42 | $0.47 | 145.8% | 38.3% |
| Free Cash Flow | -$545M | $765M | $253M | -171.2% | -315.4% |
| Item | Amount |
|---|---|
| REVENUE | $368M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $10M |
| Operating Expenses | $20M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $282M |
| Interest Income | $287M |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $282M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $277M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $277M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $277M |
| D&A | $0 |
| EBIT | $282M |
| EBITDA | $282M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $368M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $10M |
| Operating Expenses | $20M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $282M |
| Interest Income | $287M |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $282M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $277M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $277M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $277M |
| D&A | $0 |
| EBIT | $282M |
| EBITDA | $282M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $277M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$145M |
| Change in Working Capital | -$677M |
| OPERATING CASH FLOW | -$545M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$938M |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $695M |
| Net Debt Issuance | -$794M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$169M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$967M |
| FREE CASH FLOW | -$545M |
| Net Change in Cash | -$814M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $278M |
| Short-Term Investments | $0 |
| Net Receivables | $183M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $484M |
| PP&E (Net) | $90M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $13.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $101M |
| TOTAL NON-CURRENT ASSETS | $14.0B |
| TOTAL ASSETS | $14.5B |
| Account Payables | $40M |
| Short-Term Debt | $88M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $300M |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $7.5B |
| TOTAL LIABILITIES | $7.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.7B |
| Retained Earnings | -$969M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $14.5B |
| Total Debt | $7.6B |
| Net Debt | $7.3B |
