| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $686M | $673M | $630M | 1.9% | 8.9% |
| Op. Income | $332M | $291M | $210M | 13.9% | 58.2% |
| Gross Margin | 103.0% | 96.3% | 88.7% | 6.7pp | 14.3pp |
| Net Margin | 36.1% | 32.4% | 26.7% | 3.8pp | 9.4pp |
| EPS (Diluted) | $3.09 | $2.66 | $2.00 | 16.2% | 54.5% |
| Free Cash Flow | $204M | $269M | $169M | -24.0% | 21.0% |
| Item | Amount |
|---|---|
| REVENUE | $686M |
| Cost of Revenue | -$20M |
| GROSS PROFIT | $707M |
| R&D Expenses | $0 |
| Selling & Marketing | $18M |
| General & Administrative | $240M |
| SG&A Expenses | $258M |
| Other Expenses | $117M |
| Operating Expenses | $375M |
| Cost & Expenses | $355M |
| OPERATING INCOME | $332M |
| Interest Income | $530M |
| Interest Expense | $41M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $332M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $248M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $248M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $248M |
| D&A | $14M |
| EBIT | $332M |
| EBITDA | $345M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $686M |
| Cost of Revenue | -$20M |
| GROSS PROFIT | $707M |
| R&D Expenses | $0 |
| Selling & Marketing | $18M |
| General & Administrative | $240M |
| SG&A Expenses | $258M |
| Other Expenses | $117M |
| Operating Expenses | $375M |
| Cost & Expenses | $355M |
| OPERATING INCOME | $332M |
| Interest Income | $530M |
| Interest Expense | $41M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $332M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $248M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $248M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $248M |
| D&A | $14M |
| EBIT | $332M |
| EBITDA | $345M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $248M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $73M |
| Other Non-Cash Items | -$285M |
| Change in Working Capital | $168M |
| OPERATING CASH FLOW | $219M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.3B |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | $275M |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$570.0K |
| Common Stock Repurchased | -$112.0K |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | $204M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18.1B |
| Short-Term Investments | $24.3B |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $44.3B |
| PP&E (Net) | $641M |
| Goodwill | $671M |
| Intangible Assets | $136M |
| Long-Term Investments | $27.5B |
| Tax Assets | $677M |
| Other Non-Current Assets | $332M |
| TOTAL NON-CURRENT ASSETS | $29.9B |
| TOTAL ASSETS | $74.2B |
| Account Payables | $109M |
| Short-Term Debt | $99M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $66.0B |
| TOTAL CURRENT LIABILITIES | $66.5B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $318M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $68.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | $2.9B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$140M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $74.2B |
| Total Debt | $1.4B |
| Net Debt | -$16.6B |
