| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $3.8B | $4.1B | 8.4% | 0.5% |
| Op. Income | $899M | $532M | $344M | 68.9% | 161.4% |
| Gross Margin | 54.6% | 49.6% | 41.7% | 5.1pp | 12.9pp |
| Net Margin | 48.4% | 13.7% | -22.7% | 34.7pp | 71.1pp |
| EPS (Diluted) | $5.82 | $1.52 | $-2.68 | 283.1% | 317.5% |
| Free Cash Flow | $1.1B | $1.1B | $1.3B | 6.2% | -11.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $666M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $686M |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $899M |
| Interest Income | $189M |
| Interest Expense | $110M |
| Other Income/Expenses | $1.3B |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $236M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $1.2B |
| EBIT | $2.3B |
| EBITDA | $3.5B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $666M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $686M |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $899M |
| Interest Income | $189M |
| Interest Expense | $110M |
| Other Income/Expenses | $1.3B |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $236M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $1.2B |
| EBIT | $2.3B |
| EBITDA | $3.5B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $207M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$860M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$910M |
| NET CASH FROM INVESTING | -$910M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$606M |
| NET CASH FROM FINANCING | -$606M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$407M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $18.5B |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $23.8B |
| PP&E (Net) | $3.9B |
| Goodwill | $3.2B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $11.9B |
| Tax Assets | $117M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $22.1B |
| TOTAL ASSETS | $46.0B |
| Account Payables | $4.6B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9.0B |
| Long-Term Debt | $8.3B |
| Deferred Revenue NC | $97M |
| Deferred Tax Liabilities | $485M |
| Other Non-Current Liabilities | $585M |
| TOTAL NON-CURRENT LIABILITIES | $10.1B |
| TOTAL LIABILITIES | $19.1B |
| Common Stock | $25.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.7B |
| Minority Interest | $1.1B |
| TOTAL EQUITY | $26.8B |
| TOTAL LIABILITIES & EQUITY | $46.0B |
| Total Debt | $11.3B |
| Net Debt | $8.6B |
