| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $493M | $507M | $536M | -2.6% | -7.9% |
| Op. Income | $200M | $205M | $141M | -2.3% | 41.7% |
| Gross Margin | 96.9% | 95.5% | 77.9% | 1.4pp | 19.0pp |
| Net Margin | 31.3% | 30.4% | 20.6% | 0.9pp | 10.7pp |
| EPS (Diluted) | $2.21 | $2.19 | $1.56 | 0.9% | 41.7% |
| Free Cash Flow | -$801M | -$460M | $507M | -74.1% | -258.1% |
| Item | Amount |
|---|---|
| REVENUE | $493M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $478M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $184M |
| SG&A Expenses | $188M |
| Other Expenses | $90M |
| Operating Expenses | $278M |
| Cost & Expenses | $294M |
| OPERATING INCOME | $200M |
| Interest Income | $319M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $25M |
| EBIT | $200M |
| EBITDA | $225M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $493M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $478M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $184M |
| SG&A Expenses | $188M |
| Other Expenses | $90M |
| Operating Expenses | $278M |
| Cost & Expenses | $294M |
| OPERATING INCOME | $200M |
| Interest Income | $319M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $25M |
| EBIT | $200M |
| EBITDA | $225M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $155M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$964M |
| OPERATING CASH FLOW | -$777M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $707M |
| NET CASH FROM INVESTING | $416M |
| Net Debt Issuance | -$252M |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $866M |
| NET CASH FROM FINANCING | $535M |
| FREE CASH FLOW | -$801M |
| Net Change in Cash | $174M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $13.1B |
| Net Receivables | $308M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14.5B |
| PP&E (Net) | $551M |
| Goodwill | $1.0B |
| Intangible Assets | $215M |
| Long-Term Investments | $24.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.3B |
| TOTAL NON-CURRENT ASSETS | $32.1B |
| TOTAL ASSETS | $46.7B |
| Account Payables | $324M |
| Short-Term Debt | $3.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $36.1B |
| TOTAL CURRENT LIABILITIES | $39.8B |
| Long-Term Debt | $504M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $41.4B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $4.0B |
| Treasury Stock | -$411M |
| Accum. Other Comp. Income | $336M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $25M |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $46.7B |
| Total Debt | $3.8B |
| Net Debt | $2.6B |
