| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19.1B | $20.1B | $24.9B | -5.3% | -23.5% |
| Op. Income | $5.0B | $4.0B | $5.7B | 26.4% | -12.3% |
| Gross Margin | 85.0% | 74.4% | 64.9% | 10.6pp | 20.1pp |
| Net Margin | 20.9% | 15.6% | 20.0% | 5.2pp | 0.9pp |
| EPS (Diluted) | $2.08 | $1.36 | $2.14 | 52.9% | -2.8% |
| Free Cash Flow | $487M | -$4.0B | $21.5B | 112.1% | -97.7% |
| Item | Amount |
|---|---|
| REVENUE | $19.1B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $16.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $352M |
| General & Administrative | $5.4B |
| SG&A Expenses | $5.7B |
| Other Expenses | $5.5B |
| Operating Expenses | $11.2B |
| Cost & Expenses | $14.1B |
| OPERATING INCOME | $5.0B |
| Interest Income | $13.0B |
| Interest Expense | $2.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $6M |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | -$9M |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $1.1B |
| EBIT | $5.0B |
| EBITDA | $6.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $19.1B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $16.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $352M |
| General & Administrative | $5.4B |
| SG&A Expenses | $5.7B |
| Other Expenses | $5.5B |
| Operating Expenses | $11.2B |
| Cost & Expenses | $14.1B |
| OPERATING INCOME | $5.0B |
| Interest Income | $13.0B |
| Interest Expense | $2.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.0B |
| Net Income from Continuing Ops | $4.0B |
| Net Income from Discontinued Ops | $6M |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | -$9M |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $1.1B |
| EBIT | $5.0B |
| EBITDA | $6.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.0B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$951M |
| Change in Working Capital | -$2.4B |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$58.8B |
| Sales/Maturities of Investments | $61.8B |
| Other Investing Activities | -$14.0B |
| NET CASH FROM INVESTING | -$12.1B |
| Net Debt Issuance | -$12.9B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | $10.3B |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | $487M |
| Net Change in Cash | -$14.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $309.6B |
| Short-Term Investments | $329.2B |
| Net Receivables | $45.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $684.3B |
| PP&E (Net) | $0 |
| Goodwill | $22.2B |
| Intangible Assets | $4.7B |
| Long-Term Investments | $761.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $786.9B |
| TOTAL NON-CURRENT ASSETS | $1.6T |
| TOTAL ASSETS | $2.3T |
| Account Payables | $50.5B |
| Short-Term Debt | $229.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4T |
| TOTAL CURRENT LIABILITIES | $1.7T |
| Long-Term Debt | $271.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60.0B |
| TOTAL NON-CURRENT LIABILITIES | $331.7B |
| TOTAL LIABILITIES | $2.1T |
| Common Stock | $31M |
| Additional Paid-In Capital | $107.8B |
| Retained Earnings | $168.3B |
| Treasury Stock | -$64.1B |
| Accum. Other Comp. Income | -$32.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $199.4B |
| Minority Interest | $758M |
| TOTAL EQUITY | $200.2B |
| TOTAL LIABILITIES & EQUITY | $2.3T |
| Total Debt | $500.7B |
| Net Debt | $191.1B |
