| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.0B | $2.7B | -5.1% | 4.5% |
| Op. Income | $314M | $462M | $250M | -32.0% | 25.6% |
| Gross Margin | 30.4% | 37.2% | 28.1% | -6.8pp | 2.3pp |
| Net Margin | 8.9% | 12.1% | 7.7% | -3.2pp | 1.2pp |
| EPS (Diluted) | $0.94 | $1.35 | $0.79 | -30.4% | 19.0% |
| Free Cash Flow | $658M | $601M | $752M | 9.5% | -12.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $874M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $560M |
| Operating Expenses | $560M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $314M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $14M |
| EBIT | $342M |
| EBITDA | $356M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $874M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $560M |
| Operating Expenses | $560M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $314M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $14M |
| EBIT | $342M |
| EBITDA | $356M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $256M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | -$132M |
| Change in Working Capital | $512M |
| OPERATING CASH FLOW | $669M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$58M |
| Purchases of Investments | -$2.6B |
| Sales/Maturities of Investments | $2.3B |
| Other Investing Activities | -$27M |
| NET CASH FROM INVESTING | -$395M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$104M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$104M |
| FREE CASH FLOW | $658M |
| Net Change in Cash | $163M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $625M |
| Short-Term Investments | $1.1B |
| Net Receivables | $8.1B |
| Inventory | $0 |
| Other Current Assets | -$9.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $234M |
| Goodwill | $148M |
| Intangible Assets | $0 |
| Long-Term Investments | $49.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$49.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $66.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $4.4B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.2B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $53.9B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.5B |
| Treasury Stock | -$73M |
| Accum. Other Comp. Income | $346M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.7B |
| TOTAL LIABILITIES & EQUITY | $66.5B |
| Total Debt | $2.8B |
| Net Debt | $2.2B |
