| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.7B | $1.7B | -17.9% | 31.0% |
| Op. Income | $614M | $1.1B | $294M | -46.4% | 108.8% |
| Gross Margin | 48.7% | 60.0% | 45.2% | -11.3pp | 3.5pp |
| Net Margin | 21.7% | 33.5% | 14.6% | -11.8pp | 7.1pp |
| EPS (Diluted) | $2.99 | $5.63 | $1.49 | -46.9% | 100.7% |
| Free Cash Flow | $499M | $441M | $395M | 13.2% | 26.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $470M |
| Operating Expenses | $470M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $614M |
| Interest Income | $168M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $614M |
| Income Tax Expense | $130M |
| NET INCOME | $484M |
| D&A | $20M |
| EBIT | $627M |
| EBITDA | $647M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $470M |
| Operating Expenses | $470M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $614M |
| Interest Income | $168M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $614M |
| Income Tax Expense | $130M |
| NET INCOME | $484M |
| D&A | $20M |
| EBIT | $627M |
| EBITDA | $647M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $484M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $75M |
| Other Non-Cash Items | -$522M |
| Change in Working Capital | $440M |
| OPERATING CASH FLOW | $505M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$604M |
| Sales/Maturities of Investments | $439M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$170M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$95M |
| Other Financing Activities | -$33M |
| NET CASH FROM FINANCING | -$127M |
| FREE CASH FLOW | $499M |
| Net Change in Cash | $208M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $914M |
| Short-Term Investments | $12.2B |
| Net Receivables | $2.7B |
| Inventory | $0 |
| Other Current Assets | -$15.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $211M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $20.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$20.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $26.4B |
| Account Payables | $0 |
| Short-Term Debt | $123M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$123M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $844M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | -$1.9B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $16.6B |
| Common Stock | $397M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $9.1B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | $686M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.7B |
| TOTAL LIABILITIES & EQUITY | $26.4B |
| Total Debt | $967M |
| Net Debt | $53M |
