| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.5B | -6.9% | -4.2% |
| Op. Income | $76M | -$59M | $336M | 227.8% | -77.5% |
| Gross Margin | 40.6% | 27.9% | 58.2% | 12.7pp | -17.6pp |
| Net Margin | 5.3% | -1.3% | 16.0% | 6.6pp | -10.7pp |
| EPS (Diluted) | $1.30 | $-0.34 | $4.10 | 481.5% | -68.2% |
| Free Cash Flow | $762M | -$1.0B | -$96M | 174.7% | 891.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $876M |
| GROSS PROFIT | $599M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $418M |
| SG&A Expenses | $418M |
| Other Expenses | $106M |
| Operating Expenses | $523M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $76M |
| Interest Income | $1.1B |
| Interest Expense | $405M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $0 |
| EBIT | $76M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $876M |
| GROSS PROFIT | $599M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $418M |
| SG&A Expenses | $418M |
| Other Expenses | $106M |
| Operating Expenses | $523M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $76M |
| Interest Income | $1.1B |
| Interest Expense | $405M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $0 |
| EBIT | $76M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $78M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | $729M |
| OPERATING CASH FLOW | $843M |
| Capital Expenditure | -$81M |
| Acquisitions (Net) | -$313M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$399M |
| NET CASH FROM INVESTING | -$793M |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$79M |
| Other Financing Activities | $409M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $762M |
| Net Change in Cash | -$804M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.0B |
| Short-Term Investments | $0 |
| Net Receivables | $341M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $1.6B |
| Goodwill | $2.2B |
| Intangible Assets | $149M |
| Long-Term Investments | $62.8B |
| Tax Assets | $178M |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $69.0B |
| TOTAL ASSETS | $74.4B |
| Account Payables | $0 |
| Short-Term Debt | $480M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $51.7B |
| TOTAL CURRENT LIABILITIES | $52.2B |
| Long-Term Debt | $10.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $191M |
| Other Non-Current Liabilities | $3.2B |
| TOTAL NON-CURRENT LIABILITIES | $14.0B |
| TOTAL LIABILITIES | $66.2B |
| Common Stock | $135M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $404M |
| TOTAL EQUITY | $8.3B |
| TOTAL LIABILITIES & EQUITY | $74.4B |
| Total Debt | $11.1B |
| Net Debt | $6.1B |
