| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.7B | $9.3B | $12.2B | 5.1% | -19.9% |
| Op. Income | $1.9B | $1.4B | $2.0B | 36.2% | -6.4% |
| Gross Margin | 97.1% | 88.0% | 85.0% | 9.2pp | 12.1pp |
| Net Margin | 14.8% | 11.6% | 13.9% | 3.2pp | 0.8pp |
| EPS (Diluted) | $1.76 | $1.30 | $2.03 | 35.4% | -13.3% |
| Free Cash Flow | $3.1B | $1.8B | $2.8B | 67.7% | 10.8% |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $279M |
| GROSS PROFIT | $9.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.9B |
| General & Administrative | $1.6B |
| SG&A Expenses | $3.4B |
| Other Expenses | $4.2B |
| Operating Expenses | $7.6B |
| Cost & Expenses | $7.9B |
| OPERATING INCOME | $1.9B |
| Interest Income | $2.3B |
| Interest Expense | $390M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $420M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $428M |
| EBIT | $1.9B |
| EBITDA | $2.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $279M |
| GROSS PROFIT | $9.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.9B |
| General & Administrative | $1.6B |
| SG&A Expenses | $3.4B |
| Other Expenses | $4.2B |
| Operating Expenses | $7.6B |
| Cost & Expenses | $7.9B |
| OPERATING INCOME | $1.9B |
| Interest Income | $2.3B |
| Interest Expense | $390M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $420M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $428M |
| EBIT | $1.9B |
| EBITDA | $2.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $428M |
| Stock-Based Compensation | $74M |
| Deferred Income Tax | -$335M |
| Other Non-Cash Items | -$111M |
| Change in Working Capital | $2.0B |
| OPERATING CASH FLOW | $3.5B |
| Capital Expenditure | -$436M |
| Acquisitions (Net) | -$597M |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $2.3B |
| Other Investing Activities | -$5.2B |
| NET CASH FROM INVESTING | -$5.6B |
| Net Debt Issuance | -$1.7B |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$362M |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | -$686M |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | -$2.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32.8B |
| Short-Term Investments | $21.6B |
| Net Receivables | $3.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $57.5B |
| PP&E (Net) | $5.0B |
| Goodwill | $3.9B |
| Intangible Assets | $265M |
| Long-Term Investments | $120.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.8B |
| TOTAL NON-CURRENT ASSETS | $133.9B |
| TOTAL ASSETS | $191.4B |
| Account Payables | $9.4B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $86.9B |
| TOTAL CURRENT LIABILITIES | $99.6B |
| Long-Term Debt | $42.9B |
| Deferred Revenue NC | $2.3B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23.6B |
| TOTAL NON-CURRENT LIABILITIES | $68.8B |
| TOTAL LIABILITIES | $168.4B |
| Common Stock | $161M |
| Additional Paid-In Capital | $11.9B |
| Retained Earnings | $13.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $23.0B |
| TOTAL LIABILITIES & EQUITY | $191.4B |
| Total Debt | $44.8B |
| Net Debt | $12.0B |
