| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $988M | $834M | $977M | 18.5% | 1.2% |
| Op. Income | $159M | $142M | $192M | 11.6% | -17.5% |
| Gross Margin | 44.9% | 45.8% | 44.7% | -0.9pp | 0.2pp |
| Net Margin | 24.1% | 12.4% | 14.6% | 11.7pp | 9.5pp |
| EPS (Diluted) | $1.52 | $0.66 | $0.91 | 130.3% | 67.0% |
| Free Cash Flow | $53M | $194M | $160M | -72.5% | -66.5% |
| Item | Amount |
|---|---|
| REVENUE | $988M |
| Cost of Revenue | $544M |
| GROSS PROFIT | $444M |
| R&D Expenses | $122M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $164M |
| Other Expenses | $0 |
| Operating Expenses | $285M |
| Cost & Expenses | $830M |
| OPERATING INCOME | $159M |
| Interest Income | $465.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $142M |
| Income Tax Expense | -$97M |
| Net Income from Continuing Ops | $238M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $238M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $238M |
| D&A | $33M |
| EBIT | $149M |
| EBITDA | $183M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $988M |
| Cost of Revenue | $544M |
| GROSS PROFIT | $444M |
| R&D Expenses | $122M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $164M |
| Other Expenses | $0 |
| Operating Expenses | $285M |
| Cost & Expenses | $830M |
| OPERATING INCOME | $159M |
| Interest Income | $465.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $142M |
| Income Tax Expense | -$97M |
| Net Income from Continuing Ops | $238M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $238M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $238M |
| D&A | $33M |
| EBIT | $149M |
| EBITDA | $183M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $238M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$130M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$103M |
| OPERATING CASH FLOW | $69M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$35M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | $53M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $182M |
| Net Receivables | $996M |
| Inventory | $370M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $338M |
| Goodwill | $312M |
| Intangible Assets | $74M |
| Long-Term Investments | $61M |
| Tax Assets | $785M |
| Other Non-Current Assets | $103M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $302M |
| Short-Term Debt | $7M |
| Deferred Revenue | $126M |
| Other Current Liabilities | $160M |
| TOTAL CURRENT LIABILITIES | $827M |
| Long-Term Debt | $672M |
| Deferred Revenue NC | $58M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $124M |
| TOTAL NON-CURRENT LIABILITIES | $905M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | -$3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $749M |
| Net Debt | -$481M |
