| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $507M | $517M | $567M | -1.9% | -10.6% |
| Op. Income | $205M | $80M | $174M | 155.5% | 17.4% |
| Gross Margin | 95.5% | 68.3% | 77.4% | 27.1pp | 18.1pp |
| Net Margin | 30.4% | 12.5% | 25.1% | 17.9pp | 5.3pp |
| EPS (Diluted) | $2.19 | $0.92 | $2.00 | 138.0% | 9.5% |
| Free Cash Flow | -$460M | $2.5B | -$437M | -118.5% | -5.2% |
| Item | Amount |
|---|---|
| REVENUE | $507M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $484M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $189M |
| SG&A Expenses | $192M |
| Other Expenses | $87M |
| Operating Expenses | $279M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $205M |
| Interest Income | $295M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $27M |
| EBIT | $205M |
| EBITDA | $232M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $507M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $484M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $189M |
| SG&A Expenses | $192M |
| Other Expenses | $87M |
| Operating Expenses | $279M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $205M |
| Interest Income | $295M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $27M |
| EBIT | $205M |
| EBITDA | $232M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $154M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$642M |
| OPERATING CASH FLOW | -$426M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $756M |
| Other Investing Activities | $524M |
| NET CASH FROM INVESTING | $152M |
| Net Debt Issuance | -$868M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $936M |
| NET CASH FROM FINANCING | $32M |
| FREE CASH FLOW | -$460M |
| Net Change in Cash | -$241M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $12.8B |
| Net Receivables | $2.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.0B |
| PP&E (Net) | $543M |
| Goodwill | $1.0B |
| Intangible Assets | $216M |
| Long-Term Investments | $24.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $30.1B |
| TOTAL ASSETS | $46.1B |
| Account Payables | $336M |
| Short-Term Debt | $3.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35.0B |
| TOTAL CURRENT LIABILITIES | $38.3B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $40.8B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.9B |
| Treasury Stock | -$369M |
| Accum. Other Comp. Income | $365M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $7M |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $46.1B |
| Total Debt | $4.0B |
| Net Debt | $3.0B |
