| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.8B | $1.6B | 11.2% | 21.9% |
| Op. Income | $397M | $340M | $313M | 16.8% | 26.8% |
| Gross Margin | 47.0% | 46.7% | 45.2% | 0.3pp | 1.8pp |
| Net Margin | 15.6% | 13.5% | 14.8% | 2.1pp | 0.8pp |
| EPS (Diluted) | $2.41 | $1.89 | $1.88 | 27.5% | 28.2% |
| Free Cash Flow | $644M | $261M | $318M | 146.7% | 102.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $932M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $493M |
| Other Expenses | $0 |
| Operating Expenses | $535M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $397M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $395M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $310M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $310M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $310M |
| D&A | $47M |
| EBIT | $419M |
| EBITDA | $466M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $932M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $493M |
| Other Expenses | $0 |
| Operating Expenses | $535M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $397M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $395M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $310M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $310M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $310M |
| D&A | $47M |
| EBIT | $419M |
| EBITDA | $466M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $310M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $373M |
| OPERATING CASH FLOW | $740M |
| Capital Expenditure | -$96M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$107M |
| Net Debt Issuance | -$138M |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | -$134M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$262M |
| FREE CASH FLOW | $644M |
| Net Change in Cash | $374M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $871M |
| Short-Term Investments | $0 |
| Net Receivables | $648M |
| Inventory | $454M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.6B |
| Intangible Assets | $894M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $328M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $575M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $288M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | $767M |
| TOTAL NON-CURRENT LIABILITIES | $3.9B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $159M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.6B |
| Treasury Stock | -$3.3B |
| Accum. Other Comp. Income | -$640M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $908M |
| Minority Interest | $0 |
| TOTAL EQUITY | $908M |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $3.1B |
| Net Debt | $2.3B |
