| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $4.2B | — | -3.4% | — |
| Op. Income | $1.0B | $1.1B | — | -4.3% | — |
| Gross Margin | 76.8% | 71.8% | — | 5.0pp | — |
| Net Margin | 18.1% | 20.2% | — | -2.1pp | — |
| EPS (Diluted) | $0.80 | $0.93 | — | -13.4% | — |
| Free Cash Flow | -$2.3B | $13.5B | — | -116.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $949M |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $52M |
| General & Administrative | $1.0B |
| SG&A Expenses | $1.1B |
| Other Expenses | $1.1B |
| Operating Expenses | $2.1B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $1.0B |
| Interest Income | $2.8B |
| Interest Expense | $737M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $294M |
| Net Income from Continuing Ops | $742M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $742M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $720M |
| D&A | $392M |
| EBIT | $1.0B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $949M |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $52M |
| General & Administrative | $1.0B |
| SG&A Expenses | $1.1B |
| Other Expenses | $1.1B |
| Operating Expenses | $2.1B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $1.0B |
| Interest Income | $2.8B |
| Interest Expense | $737M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $294M |
| Net Income from Continuing Ops | $742M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $742M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $720M |
| D&A | $392M |
| EBIT | $1.0B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $742M |
| Depreciation & Amortization | $392M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $220M |
| Change in Working Capital | -$3.5B |
| OPERATING CASH FLOW | -$2.2B |
| Capital Expenditure | -$73M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7.3B |
| Sales/Maturities of Investments | $5.3B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | -$81M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$475M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$2.3B |
| Net Change in Cash | -$4.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52.4B |
| Short-Term Investments | $39.9B |
| Net Receivables | $6.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $99.2B |
| PP&E (Net) | $2.2B |
| Goodwill | $3.8B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $393.3B |
| Tax Assets | $475M |
| Other Non-Current Assets | $64.5B |
| TOTAL NON-CURRENT ASSETS | $463.2B |
| TOTAL ASSETS | $562.4B |
| Account Payables | $6.3B |
| Short-Term Debt | $99.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $327.1B |
| TOTAL CURRENT LIABILITIES | $434.8B |
| Long-Term Debt | $58.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $34.1B |
| TOTAL NON-CURRENT LIABILITIES | $93.9B |
| TOTAL LIABILITIES | $532.2B |
| Common Stock | $10.2B |
| Additional Paid-In Capital | $86M |
| Retained Earnings | $16.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30.1B |
| Minority Interest | $132M |
| TOTAL EQUITY | $30.2B |
| TOTAL LIABILITIES & EQUITY | $562.4B |
| Total Debt | $159.6B |
| Net Debt | $107.2B |