| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $476M | $532M | $295M | -10.5% | 61.4% |
| Op. Income | $385M | $445M | $207M | -13.5% | 86.0% |
| Gross Margin | 84.9% | 87.6% | 76.3% | -2.7pp | 8.6pp |
| Net Margin | 79.4% | 82.9% | 69.2% | -3.5pp | 10.3pp |
| EPS (Diluted) | $0.89 | $1.04 | $0.48 | -14.4% | 85.4% |
| Free Cash Flow | $293M | $221M | $124M | 32.6% | 136.3% |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $404M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $10M |
| Operating Expenses | $19M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $385M |
| Interest Income | $294M |
| Interest Expense | $72M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $385M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $378M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $378M |
| D&A | $0 |
| EBIT | $385M |
| EBITDA | $385M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $404M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $10M |
| Operating Expenses | $19M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $385M |
| Interest Income | $294M |
| Interest Expense | $72M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $385M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $378M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $378M |
| D&A | $0 |
| EBIT | $385M |
| EBITDA | $385M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $378M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$171M |
| Change in Working Capital | $86M |
| OPERATING CASH FLOW | $293M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.4B |
| Sales/Maturities of Investments | $2.4B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | $941M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$169M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $776M |
| FREE CASH FLOW | $293M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $254M |
| Short-Term Investments | $0 |
| Net Receivables | $223M |
| Inventory | $0 |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $549M |
| PP&E (Net) | $38M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $15.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $15.6B |
| TOTAL ASSETS | $16.2B |
| Account Payables | $66M |
| Short-Term Debt | $27M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $375M |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $72M |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $9.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.7B |
| Retained Earnings | -$480M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $16.2B |
| Total Debt | $8.6B |
| Net Debt | $8.3B |
