| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $426M | $406M | $377M | 5.0% | 13.1% |
| Op. Income | $318M | $127M | $217M | 150.0% | 46.5% |
| Gross Margin | 75.6% | 73.8% | 71.7% | 1.8pp | 3.8pp |
| Net Margin | 56.8% | 23.8% | 43.9% | 33.1pp | 12.9pp |
| EPS (Diluted) | $13.56 | $5.40 | $8.73 | 151.1% | 55.3% |
| Free Cash Flow | $275M | $273M | $200M | 0.8% | 37.6% |
| Item | Amount |
|---|---|
| REVENUE | $426M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $322M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $17M |
| SG&A Expenses | $34M |
| Other Expenses | -$30M |
| Operating Expenses | $4M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $318M |
| Interest Income | $400.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $600.0K |
| INCOME BEFORE TAX | $318M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $242M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $242M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $6M |
| EBIT | $318M |
| EBITDA | $324M |
| EPS | $14 |
| EPS Diluted | $14 |
| Item | Amount |
|---|---|
| REVENUE | $426M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $322M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $17M |
| SG&A Expenses | $34M |
| Other Expenses | -$30M |
| Operating Expenses | $4M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $318M |
| Interest Income | $400.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $600.0K |
| INCOME BEFORE TAX | $318M |
| Income Tax Expense | $76M |
| Net Income from Continuing Ops | $242M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $242M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $6M |
| EBIT | $318M |
| EBITDA | $324M |
| EPS | $14 |
| EPS Diluted | $14 |
| Item | Amount |
|---|---|
| Net Income | $242M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | -$30M |
| Change in Working Capital | $43M |
| OPERATING CASH FLOW | $277M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | -$86M |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | -$183M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$181M |
| FREE CASH FLOW | $275M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $6.9B |
| Inventory | $0 |
| Other Current Assets | $395M |
| TOTAL CURRENT ASSETS | $7.3B |
| PP&E (Net) | $61M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $83M |
| TOTAL NON-CURRENT ASSETS | $144M |
| TOTAL ASSETS | $7.4B |
| Account Payables | $187M |
| Short-Term Debt | $126M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$126M |
| TOTAL CURRENT LIABILITIES | $187M |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $306M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $160M |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $4.7B |
| Net Debt | $4.7B |
