| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $514M | $460M | $507M | 11.9% | 1.5% |
| Op. Income | $242M | $216M | $205M | 12.1% | 18.1% |
| Gross Margin | 101.9% | 104.2% | 95.5% | -2.3pp | 6.4pp |
| Net Margin | 36.6% | 36.2% | 30.4% | 0.4pp | 6.2pp |
| EPS (Diluted) | $2.74 | $2.40 | $2.19 | 14.2% | 25.1% |
| Free Cash Flow | $369M | -$301M | -$460M | 222.8% | 180.3% |
| Item | Amount |
|---|---|
| REVENUE | $514M |
| Cost of Revenue | -$10M |
| GROSS PROFIT | $524M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $183M |
| SG&A Expenses | $188M |
| Other Expenses | $94M |
| Operating Expenses | $282M |
| Cost & Expenses | $273M |
| OPERATING INCOME | $242M |
| Interest Income | $293M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $188M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $188M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $26M |
| EBIT | $242M |
| EBITDA | $268M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $514M |
| Cost of Revenue | -$10M |
| GROSS PROFIT | $524M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $183M |
| SG&A Expenses | $188M |
| Other Expenses | $94M |
| Operating Expenses | $282M |
| Cost & Expenses | $273M |
| OPERATING INCOME | $242M |
| Interest Income | $293M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $188M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $188M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $26M |
| EBIT | $242M |
| EBITDA | $268M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $188M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $186M |
| OPERATING CASH FLOW | $404M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$869M |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $1.0B |
| NET CASH FROM INVESTING | $1.2B |
| Net Debt Issuance | -$1.6B |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $696M |
| NET CASH FROM FINANCING | -$941M |
| FREE CASH FLOW | $369M |
| Net Change in Cash | $633M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $13.3B |
| Net Receivables | $387M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.6B |
| PP&E (Net) | $558M |
| Goodwill | $1.0B |
| Intangible Assets | $229M |
| Long-Term Investments | $22.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.1B |
| TOTAL NON-CURRENT ASSETS | $31.3B |
| TOTAL ASSETS | $46.9B |
| Account Payables | $220M |
| Short-Term Debt | $850M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $38.5B |
| TOTAL CURRENT LIABILITIES | $39.6B |
| Long-Term Debt | $162M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $41.5B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $4.4B |
| Treasury Stock | -$522M |
| Accum. Other Comp. Income | $169M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $7M |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $46.9B |
| Total Debt | $1.0B |
| Net Debt | -$880M |
