| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.3B | $4.2B | 4.1% | 8.4% |
| Op. Income | $2.1B | $1.2B | -$771M | 72.8% | 366.7% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 21.2% | 19.5% | 16.1% | 1.7pp | 5.1pp |
| EPS (Diluted) | $0.09 | $0.08 | $0.06 | 12.8% | 41.9% |
| Free Cash Flow | -$5.6B | -$5.0B | $2.8B | -12.3% | -299.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $649M |
| General & Administrative | $270M |
| SG&A Expenses | $2.9B |
| Other Expenses | $0 |
| Operating Expenses | $2.8B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $92M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $760M |
| Net Income from Continuing Ops | $969M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $958M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $958M |
| D&A | -$2.1B |
| EBIT | $3.3B |
| EBITDA | $2.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $649M |
| General & Administrative | $270M |
| SG&A Expenses | $2.9B |
| Other Expenses | $0 |
| Operating Expenses | $2.8B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $92M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $760M |
| Net Income from Continuing Ops | $969M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $958M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $958M |
| D&A | -$2.1B |
| EBIT | $3.3B |
| EBITDA | $2.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $958M |
| Depreciation & Amortization | $391M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15.3B |
| Change in Working Capital | -$22.2B |
| OPERATING CASH FLOW | -$5.5B |
| Capital Expenditure | -$56M |
| Acquisitions (Net) | -$639M |
| Purchases of Investments | $14.3B |
| Sales/Maturities of Investments | -$8.2B |
| Other Investing Activities | -$821M |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$153M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$72M |
| Other Financing Activities | $791M |
| NET CASH FROM FINANCING | $566M |
| FREE CASH FLOW | -$5.6B |
| Net Change in Cash | -$6.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.8B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $2.8B |
| Goodwill | $1.4B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $312.7B |
| TOTAL NON-CURRENT ASSETS | $318.5B |
| TOTAL ASSETS | $323.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $36.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $257.2B |
| TOTAL NON-CURRENT LIABILITIES | $292.6B |
| TOTAL LIABILITIES | $293.8B |
| Common Stock | $15.9B |
| Additional Paid-In Capital | $14M |
| Retained Earnings | $11.8B |
| Treasury Stock | -$89M |
| Accum. Other Comp. Income | $1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.3B |
| Minority Interest | $100M |
| TOTAL EQUITY | $29.4B |
| TOTAL LIABILITIES & EQUITY | $323.3B |
| Total Debt | $36.6B |
| Net Debt | $31.8B |
