| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.9B | $10.0B | $12.8B | -1.2% | -22.6% |
| Op. Income | $985M | $784M | $2.0B | 25.6% | -51.2% |
| Gross Margin | 28.6% | 27.4% | 31.4% | 1.2pp | -2.8pp |
| Net Margin | 6.8% | 4.6% | 11.7% | 2.2pp | -4.9pp |
| EPS (Diluted) | $1.22 | $0.84 | $2.66 | 45.2% | -54.1% |
| Free Cash Flow | $1.2B | $941M | $138M | 31.9% | 799.3% |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $7.1B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $344M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $370M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $8.9B |
| OPERATING INCOME | $985M |
| Interest Income | $21M |
| Interest Expense | $135M |
| Other Income/Expenses | -$127M |
| INCOME BEFORE TAX | $858M |
| Income Tax Expense | $187M |
| Net Income from Continuing Ops | $671M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $668M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $668M |
| D&A | $593M |
| EBIT | $999M |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $7.1B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $344M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $370M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $8.9B |
| OPERATING INCOME | $985M |
| Interest Income | $21M |
| Interest Expense | $135M |
| Other Income/Expenses | -$127M |
| INCOME BEFORE TAX | $858M |
| Income Tax Expense | $187M |
| Net Income from Continuing Ops | $671M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $668M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $668M |
| D&A | $593M |
| EBIT | $999M |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $671M |
| Depreciation & Amortization | $593M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $267M |
| Change in Working Capital | $154M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$493M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$187M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | $162M |
| NET CASH FROM INVESTING | -$216M |
| Net Debt Issuance | -$562M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$558M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $528M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.3B |
| Short-Term Investments | $0 |
| Net Receivables | $15.9B |
| Inventory | $11.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $38.5B |
| PP&E (Net) | $12.2B |
| Goodwill | $6.3B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $16.9B |
| TOTAL NON-CURRENT ASSETS | $38.2B |
| TOTAL ASSETS | $76.7B |
| Account Payables | $5.2B |
| Short-Term Debt | $12.0B |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $2.0B |
| TOTAL CURRENT LIABILITIES | $25.0B |
| Long-Term Debt | $26.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.7B |
| TOTAL NON-CURRENT LIABILITIES | $36.8B |
| TOTAL LIABILITIES | $61.7B |
| Common Stock | $6.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $35.5B |
| Treasury Stock | -$25.3B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.9B |
| Minority Interest | $45M |
| TOTAL EQUITY | $15.0B |
| TOTAL LIABILITIES & EQUITY | $76.7B |
| Total Debt | $38.1B |
| Net Debt | $28.8B |
