| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.7B | $2.8B | 2.2% | 1.2% |
| Op. Income | $478M | $250M | $335M | 91.2% | 42.7% |
| Gross Margin | 34.1% | 28.1% | 33.7% | 6.0pp | 0.4pp |
| Net Margin | 13.8% | 7.7% | 9.8% | 6.0pp | 3.9pp |
| EPS (Diluted) | $1.42 | $0.79 | $1.00 | 79.7% | 42.0% |
| Free Cash Flow | $360M | $752M | $154M | -52.1% | 133.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $959M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $481M |
| Operating Expenses | $481M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $478M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $478M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $387M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $387M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $387M |
| D&A | $14M |
| EBIT | $506M |
| EBITDA | $520M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $959M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $481M |
| Operating Expenses | $481M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $478M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $478M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $387M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $387M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $387M |
| D&A | $14M |
| EBIT | $506M |
| EBITDA | $520M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $387M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$105M |
| Change in Working Capital | $79M |
| OPERATING CASH FLOW | $367M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | -$2.3B |
| Sales/Maturities of Investments | $2.0B |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$298M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$100M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $360M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $419M |
| Short-Term Investments | $3.4B |
| Net Receivables | $7.1B |
| Inventory | $0 |
| Other Current Assets | -$10.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $252M |
| Goodwill | $148M |
| Intangible Assets | $69M |
| Long-Term Investments | $49.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$49.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $64.0B |
| 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 | $4.0B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$6.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $51.3B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.1B |
| Treasury Stock | -$71M |
| Accum. Other Comp. Income | $803M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.7B |
| TOTAL LIABILITIES & EQUITY | $64.0B |
| Total Debt | $2.8B |
| Net Debt | $2.4B |
