| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $313M | $272M | $163M | 14.9% | 91.5% |
| Op. Income | $548M | $74M | $295M | 641.4% | 85.8% |
| Gross Margin | 96.6% | 94.8% | 92.5% | 1.8pp | 4.2pp |
| Net Margin | 117.4% | -20.2% | 65.1% | 137.6pp | 52.3pp |
| EPS (Diluted) | $3.94 | $-1.10 | $1.40 | 458.2% | 181.4% |
| Free Cash Flow | $163M | $438M | $2M | -62.9% | 7006.3% |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$235M |
| OPERATING INCOME | $548M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$180M |
| INCOME BEFORE TAX | $367M |
| Income Tax Expense | $62.0K |
| Net Income from Continuing Ops | $367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $367M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $367M |
| D&A | $0 |
| EBIT | $548M |
| EBITDA | $548M |
| EPS | $5 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$235M |
| OPERATING INCOME | $548M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$180M |
| INCOME BEFORE TAX | $367M |
| Income Tax Expense | $62.0K |
| Net Income from Continuing Ops | $367M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $367M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $367M |
| D&A | $0 |
| EBIT | $548M |
| EBITDA | $548M |
| EPS | $5 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $367M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$244M |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | $163M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$96M |
| Sales/Maturities of Investments | $911M |
| Other Investing Activities | $293M |
| NET CASH FROM INVESTING | $1.1B |
| Net Debt Issuance | -$1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $163M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $326M |
| Short-Term Investments | $0 |
| Net Receivables | $87M |
| Inventory | $0 |
| Other Current Assets | -$412M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $18.1B |
| Account Payables | $0 |
| Short-Term Debt | $5.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $751M |
| TOTAL CURRENT LIABILITIES | $5.9B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$8.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $14.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $555M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $18.1B |
| Total Debt | $13.6B |
| Net Debt | $13.3B |
