| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $6.7B | $6.8B | -17.0% | -19.4% |
| Op. Income | $1.5B | $1.1B | $1.1B | 33.6% | 32.7% |
| Gross Margin | 72.9% | 66.8% | 61.9% | 6.1pp | 11.0pp |
| Net Margin | 21.0% | 13.5% | 12.7% | 7.4pp | 8.2pp |
| EPS (Diluted) | $1.73 | $1.32 | $1.30 | 30.9% | 33.1% |
| Free Cash Flow | -$12.8B | $17.2B | $13.0B | -174.0% | -198.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $4.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $1.1B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $1.5B |
| Interest Income | $3.8B |
| Interest Expense | $1.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $308M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $297M |
| EBIT | $1.5B |
| EBITDA | $1.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $4.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $1.1B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $1.5B |
| Interest Income | $3.8B |
| Interest Expense | $1.2B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $308M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $297M |
| EBIT | $1.5B |
| EBITDA | $1.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $297M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $286M |
| Change in Working Capital | -$14.3B |
| OPERATING CASH FLOW | -$12.6B |
| Capital Expenditure | -$197M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9.3B |
| Sales/Maturities of Investments | $10.1B |
| Other Investing Activities | -$615M |
| NET CASH FROM INVESTING | $42M |
| Net Debt Issuance | -$1.8B |
| Common Stock Repurchased | -$56M |
| Common Dividends Paid | -$366M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | -$12.8B |
| Net Change in Cash | -$14.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48.6B |
| Short-Term Investments | $53.6B |
| Net Receivables | $4.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $106.5B |
| PP&E (Net) | $3.6B |
| Goodwill | $4.8B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $400.0B |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $176.0B |
| TOTAL NON-CURRENT ASSETS | $587.2B |
| TOTAL ASSETS | $693.7B |
| Account Payables | $9.2B |
| Short-Term Debt | $112.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $394.0B |
| TOTAL CURRENT LIABILITIES | $515.4B |
| Long-Term Debt | $87.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $79M |
| Other Non-Current Liabilities | $47.7B |
| TOTAL NON-CURRENT LIABILITIES | $136.9B |
| TOTAL LIABILITIES | $652.3B |
| Common Stock | $9.9B |
| Additional Paid-In Capital | $221M |
| Retained Earnings | $22.5B |
| Treasury Stock | -$38M |
| Accum. Other Comp. Income | $4.0B |
| Other Equity | $1.4B |
| TOTAL STOCKHOLDERS' EQUITY | $41.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $41.4B |
| TOTAL LIABILITIES & EQUITY | $693.7B |
| Total Debt | $201.5B |
| Net Debt | $152.9B |
