| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.1B | $4.2B | 7.2% | 4.8% |
| Op. Income | $727M | $899M | $680M | -19.2% | 6.9% |
| Gross Margin | 52.0% | 54.6% | 46.3% | -2.6pp | 5.7pp |
| Net Margin | 17.1% | 48.4% | 22.0% | -31.4pp | -4.9pp |
| EPS (Diluted) | $2.21 | $5.82 | $2.68 | -62.0% | -17.5% |
| Free Cash Flow | $880M | $1.1B | $1.6B | -22.6% | -45.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $828M |
| Selling & Marketing | $0 |
| General & Administrative | $744M |
| SG&A Expenses | $744M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $727M |
| Interest Income | $191M |
| Interest Expense | $113M |
| Other Income/Expenses | $78M |
| INCOME BEFORE TAX | $805M |
| Income Tax Expense | $150M |
| Net Income from Continuing Ops | $655M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $756M |
| Net Income Deductions | $6M |
| BOTTOM LINE NET INCOME | $750M |
| D&A | $651M |
| EBIT | $918M |
| EBITDA | $1.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $828M |
| Selling & Marketing | $0 |
| General & Administrative | $744M |
| SG&A Expenses | $744M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $727M |
| Interest Income | $191M |
| Interest Expense | $113M |
| Other Income/Expenses | $78M |
| INCOME BEFORE TAX | $805M |
| Income Tax Expense | $150M |
| Net Income from Continuing Ops | $655M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $756M |
| Net Income Deductions | $6M |
| BOTTOM LINE NET INCOME | $750M |
| D&A | $651M |
| EBIT | $918M |
| EBITDA | $1.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $756M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $289M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $125M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $880M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$134M |
| NET CASH FROM INVESTING | -$134M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.8B |
| NET CASH FROM FINANCING | $1.8B |
| FREE CASH FLOW | $880M |
| Net Change in Cash | $2.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.2B |
| Short-Term Investments | $18.5B |
| Net Receivables | $1.7B |
| Inventory | $90M |
| Other Current Assets | $741M |
| TOTAL CURRENT ASSETS | $26.8B |
| PP&E (Net) | $4.0B |
| Goodwill | $3.2B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $11.1B |
| Tax Assets | $244M |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $21.8B |
| TOTAL ASSETS | $48.6B |
| Account Payables | $0 |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10.0B |
| Long-Term Debt | $8.8B |
| Deferred Revenue NC | $114M |
| Deferred Tax Liabilities | $448M |
| Other Non-Current Liabilities | $526M |
| TOTAL NON-CURRENT LIABILITIES | $10.6B |
| TOTAL LIABILITIES | $20.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.9B |
| Retained Earnings | $19.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.7B |
| Minority Interest | $1.3B |
| TOTAL EQUITY | $28.0B |
| TOTAL LIABILITIES & EQUITY | $48.6B |
| Total Debt | $12.1B |
| Net Debt | $6.8B |
