| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $671M | $598M | $617M | 12.2% | 8.8% |
| Op. Income | $184M | $143M | $158M | 28.2% | 16.3% |
| Gross Margin | 46.0% | 42.1% | 46.4% | 3.9pp | -0.4pp |
| Net Margin | 20.0% | 16.2% | 18.7% | 3.8pp | 1.2pp |
| EPS (Diluted) | $0.47 | $0.34 | $0.41 | 38.2% | 14.6% |
| Free Cash Flow | $103M | $363M | $129M | -71.7% | -20.3% |
| Item | Amount |
|---|---|
| REVENUE | $671M |
| Cost of Revenue | $363M |
| GROSS PROFIT | $309M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $125M |
| Operating Expenses | $125M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $184M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $34M |
| EBIT | $172M |
| EBITDA | $205M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $671M |
| Cost of Revenue | $363M |
| GROSS PROFIT | $309M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $125M |
| Operating Expenses | $125M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $184M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $34M |
| EBIT | $172M |
| EBITDA | $205M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $134M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$82M |
| OPERATING CASH FLOW | $123M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$103M |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$126M |
| Net Debt Issuance | $486M |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | $443M |
| FREE CASH FLOW | $103M |
| Net Change in Cash | $440M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $18M |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $550M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $374M |
| Goodwill | $4.1B |
| Intangible Assets | $977M |
| Long-Term Investments | $25M |
| Tax Assets | $0 |
| Other Non-Current Assets | $132M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $8.8B |
| Account Payables | $1.2B |
| Short-Term Debt | $66M |
| Deferred Revenue | $515M |
| Other Current Liabilities | $107M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $333M |
| Other Non-Current Liabilities | $305M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $30M |
| Additional Paid-In Capital | $764M |
| Retained Earnings | $3.5B |
| Treasury Stock | -$544M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $2.3B |
| Net Debt | $1.2B |
